As of Friday close, StealthGas Inc.’s (NASDAQ:GASS) stock was down -$0.01, moving down -0.20 percent to $5.10. The average number of shares traded per day over the past five days has been 437,700 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.19 fall in that time frame. In the last twenty days, the average volume was 388,980, while in the previous 50 days, it was 377,074.
Since last month, GASS stock rose 14.35%. Shares of the company fell to $4.14 on 07/21/23, the lowest level in the past month. A 52-week high of $5.90 was reached on 08/09/23 after having rallying from a 52-week low of $2.46. Since the beginning of this year, GASS’s stock price has risen by 90.30% or $2.42, and marked a new high 29 times. However, the stock has declined by -13.56% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Right now, StealthGas Inc. (GASS) has a P/E ratio of about 4.46. The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 1.33, the price-to-book (PB) ratio of 0.36, and the price-to-cash flow ratio of 4.54 may also be considered.
Financial Health
In the three months ended March 31, StealthGas Inc.’s quick ratio stood at 1.70, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 31 was 0.41, and the total debt-to-equity ratio was 0.46. On the profitability front, the trailing twelve-month gross margin is 49.30% percent. In the year ended March 31, EBITDA margin amounted to 41.99%, whereas operating margins totaled 22.10%. Based on annual data, GASS earned $72.68 million in gross profit and brought in $152.76 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.10%. Return on equity (ROE) for the past 12 months was 8.50%.
In StealthGas Inc.’s quarter-end financial report for March 31, it reported total debt of $247.03 million against cash and short-term investments of $26.5 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GASS’s revenue rose 1.68% during the quarter, while net income inched up to $152.76 million. While analysts expected StealthGas Inc. to report $0.17 quarterly earnings, the actual figure was $0.45 per share, beating the consensus estimate by 164.70%. During the quarter, the company generated $16.74 million in EBITDA. The liabilities of StealthGas Inc. were 272.19 million at the end of its most recent quarter ended March 31, and its total debt was $245.59 million.
Technical Picture
This quick technical analysis looks at StealthGas Inc.’s (GASS) price momentum. With a historical volatility rate of 71.02%, the RSI 9-day stood at 50.21% on 18 August.
With respect to its five-day moving average, the current StealthGas Inc. price is down by -3.59% percent or -$0.19. At present, GASS shares trade +19.72% above its 20-day simple moving average and +87.50% percent above its 100-day simple moving average. However, the stock is currently trading approximately +59.37% above its SMA50 and +61.39% above its SMA200.
Stochastic coefficient K was 34.15% and Stochastic coefficient D was 40.14%, while ATR was 0.33. Given the Stochastic reading of 31.62% for the 14-day period, the RSI (14) reading has been calculated as 55.34%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -0.15.
Analyst Ratings
Maxim Group launched its rating on StealthGas Inc. (NASDAQ: GASS) to a Buy in a note to investors on July 26, 2022. StealthGas Inc. (GASS) has been rated Buy by analysts. According to 0 brokerage firms, GASS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate StealthGas Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $7.00, the current consensus forecast for the stock is $7.00 – $7.00. Based on these forecasts, analysts predict StealthGas Inc. (GASS) will achieve an average price target of $7.00.
