The closing price of Target Hospitality Corp (NASDAQ: TH) was $9.28 for the day, up 1.75% from the previous closing price of $9.12. In other words, the price has increased by $+0.16 from its previous closing price. On the day, 628562 shares were traded. TH stock price reached its highest trading level at $9.38 during the session, while it also had its lowest trading level at $9.02.
Ratios:
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 8.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.63. For the most recent quarter (mrq), Quick Ratio is recorded 2.57 and its Current Ratio is at 2.57. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.50.
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.
Insider Transactions:
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 Oct 10 ’23 when Kalamaras Eric sold 2,456 shares for $16.53 per share. The transaction valued at 40,598 led to the insider holds 30,480 shares of the business.
Schrenk Troy C. sold 4,901 shares of TH for $80,866 on Oct 03 ’23. The Chief Commercial Officer now owns 31,323 shares after completing the transaction at $16.50 per share. On Oct 03 ’23, another insider, Kalamaras Eric, who serves as the Chief Financial Officer of the company, sold 442 shares for $16.50 each. As a result, the insider received 7,293 and left with 32,936 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TH now has a Market Capitalization of 931.82M and an Enterprise Value of 1.03B. As of this moment, Target’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.87, and their Forward P/E ratio for the next fiscal year is 11.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66 while its Price-to-Book (P/B) ratio in mrq is 2.50. Its current Enterprise Value per Revenue stands at 1.83 whereas that against EBITDA is 3.09.
Stock Price History:
Over the past 52 weeks, TH has reached a high of $17.12, while it has fallen to a 52-week low of $8.49. The 50-Day Moving Average of the stock is 9.26, while the 200-Day Moving Average is calculated to be 12.22.
Shares Statistics:
TH traded an average of 515.90K shares per day over the past three months and 901.62k shares per day over the past ten days. A total of 101.66M shares are outstanding, with a floating share count of 32.54M. Insiders hold about 67.63% of the company’s shares, while institutions hold 32.71% stake in the company. Shares short for TH as of Feb 29, 2024 were 2.29M with a Short Ratio of 4.45, compared to 3.08M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.26% and a Short% of Float of 13.03%.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of $0.15 for the current quarter, with a high estimate of $0.16 and a low estimate of $0.15, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.17, with high estimates of $0.17 and low estimates of $0.17.
Analysts are recommending an EPS of between $0.68 and $0.66 for the fiscal current year, implying an average EPS of $0.67. EPS for the following year is $0.78, with 1 analysts recommending between $0.78 and $0.78.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $103M to a low estimate of $102.8M. As of the current estimate, Target Hospitality Corp’s year-ago sales were $137.63M, an estimated decrease of -25.20% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $103.45M, a decrease of -28.00% less than the figure of -$25.20% in the same quarter last year. There is a high estimate of $103.9M for the next quarter, whereas the lowest estimate is $103M.
A total of 2 analysts have provided revenue estimates for TH’s current fiscal year. The highest revenue estimate was $417.5M, while the lowest revenue estimate was $412.8M, resulting in an average revenue estimate of $415.15M. In the same quarter a year ago, actual revenue was $563.61M, down -26.30% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $427.7M in the next fiscal year. The high estimate is $427.7M and the low estimate is $427.7M. The average revenue growth estimate for next year is up 3.00% from the average revenue estimate for this year.
