The closing price of Target Hospitality Corp. (NASDAQ: TH) was $17.31 for the day, up 3.59% from the previous closing price of $16.71. In other words, the price has increased by $+0.60 from its previous closing price. On the day, 1162760 shares were traded. TH stock price reached its highest trading level at $17.88 during the session, while it also had its lowest trading level at $16.53.
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Our analysis of TH’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.59. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 1.65 whereas as Long-Term Debt/Eq ratio is at 1.64.
Upgrades & Downgrades
On May 27, 2021, Stifel Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $3 to $4.50.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 10 when Kalamaras Eric sold 62,660 shares for $16.80 per share. The transaction valued at 1,052,834 led to the insider holds 106,560 shares of the business.
Kalamaras Eric sold 1,688 shares of TH for $27,835 on Mar 09. The EVP and CFO now owns 111,384 shares after completing the transaction at $16.49 per share. On Mar 08, another insider, Kalamaras Eric, who serves as the EVP and CFO of the company, sold 62,748 shares for $16.13 each. As a result, the insider received 1,012,125 and left with 111,384 shares of the company.
As of this moment, Target’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.23, and their Forward P/E ratio for the next fiscal year is 13.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.69 while its Price-to-Book (P/B) ratio in mrq is 8.40.
Stock Price History:
Over the past 52 weeks, TH has reached a high of $18.48, while it has fallen to a 52-week low of $4.68. The 50-Day Moving Average of the stock is 16.01, while the 200-Day Moving Average is calculated to be 12.93.
TH traded an average of 600.22K shares per day over the past three months and 769.11k shares per day over the past ten days. A total of 97.59M shares are outstanding, with a floating share count of 27.36M. Insiders hold about 0.20% of the company’s shares, while institutions hold 97.50% stake in the company. Shares short for TH as of Jan 12, 2023 were 6.84M with a Short Ratio of 6.25M, compared to 7.38M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 7.03% and a Short% of Float of 23.70%.
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of $0.39 for the current quarter, with a high estimate of $0.4 and a low estimate of $0.38, while EPS last year was $0.03. The consensus estimate for the next quarter is $0.41, with high estimates of $0.41 and low estimates of $0.41.
Analysts are recommending an EPS of between $1.04 and $0.83 for the fiscal current year, implying an average EPS of $0.93. EPS for the following year is $1.79, with 3 analysts recommending between $2.11 and $1.57.
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $149.3M to a low estimate of $147.5M. As of the current estimate, Target Hospitality Corp.’s year-ago sales were $81.69M, an estimated increase of 81.50% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $145.2M, an increase of 80.70% less than the figure of $81.50% in the same quarter last year. There is a high estimate of $145.2M for the next quarter, whereas the lowest estimate is $145.2M.
A total of 3 analysts have provided revenue estimates for TH’s current fiscal year. The highest revenue estimate was $498.8M, while the lowest revenue estimate was $497M, resulting in an average revenue estimate of $497.77M. In the same quarter a year ago, actual revenue was $291.34M, up 70.90% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $583.53M in the next fiscal year. The high estimate is $609M and the low estimate is $566.6M. The average revenue growth estimate for next year is up 17.20% from the average revenue estimate for this year.