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Target Hospitality Corp (NASDAQ: TH) closed the day trading at $9.31 down -5.48% from the previous closing price of $9.85. In other words, the price has decreased by -$5.48 from its previous closing price. On the day, 0.78 million shares were traded. TH stock price reached its highest trading level at $9.9 during the session, while it also had its lowest trading level at $8.8675.
Ratios:
For a better understanding of TH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.40. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.02.
On April 12, 2024, Stifel Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $13 to $12.
Oppenheimer Upgraded its Perform to Outperform on June 23, 2021, while the target price for the stock was maintained at $6.
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 921142592 and an Enterprise Value of 939753216. As of this moment, Target’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.69, and their Forward P/E ratio for the next fiscal year is 26.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.15 while its Price-to-Book (P/B) ratio in mrq is 2.24. Its current Enterprise Value per Revenue stands at 2.192 whereas that against EBITDA is 4.394.
Stock Price History:
The Beta on a monthly basis for TH is 2.08, which has changed by 0.018614292 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, TH has reached a high of $11.84, while it has fallen to a 52-week low of $6.11. The 50-Day Moving Average of the stock is 0.81%, while the 200-Day Moving Average is calculated to be -0.61%.
Shares Statistics:
Over the past 3-months, TH traded about 518.14K shares per day on average, while over the past 10 days, TH traded about 694600 shares per day. A total of 100.30M shares are outstanding, with a floating share count of 32.26M. Insiders hold about 67.40% of the company’s shares, while institutions hold 26.66% stake in the company. Shares short for TH as of 1736899200 were 1249735 with a Short Ratio of 2.41, compared to 1734048000 on 1292146. Therefore, it implies a Short% of Shares Outstanding of 1249735 and a Short% of Float of 7.53.
