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Target Hospitality Corp (NASDAQ: TH) closed the day trading at $9.84 down -2.67% from the previous closing price of $10.11. In other words, the price has decreased by -$2.67 from its previous closing price. On the day, 0.62 million shares were traded. TH stock price reached its highest trading level at $10.14 during the session, while it also had its lowest trading level at $9.76.
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 6.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.22. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.89. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on April 12, 2024, Downgraded its rating to Hold and sets its target price to $12 from $13 previously.
On June 23, 2021, Oppenheimer Upgraded its rating to Outperform which previously was Perform but kept the price unchanged to $6.
Stifel Upgraded its Hold to Buy on May 27, 2021, whereas the target price for the stock was revised from $3 to $4.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1015360064 and an Enterprise Value of 1030602496. As of this moment, Target’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.89, and their Forward P/E ratio for the next fiscal year is 19.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.06 while its Price-to-Book (P/B) ratio in mrq is 2.49. Its current Enterprise Value per Revenue stands at 2.149 whereas that against EBITDA is 4.01.
Stock Price History:
Over the past 52 weeks, TH has reached a high of $16.73, while it has fallen to a 52-week low of $6.11. The 50-Day Moving Average of the stock is 9.78%, while the 200-Day Moving Average is calculated to be -2.10%.
Shares Statistics:
Over the past 3-months, TH traded about 625.16K shares per day on average, while over the past 10 days, TH traded about 511370 shares per day. A total of 101.66M shares are outstanding, with a floating share count of 31.56M. Insiders hold about 68.58% of the company’s shares, while institutions hold 25.54% stake in the company. Shares short for TH as of 1722384000 were 1132009 with a Short Ratio of 1.81, compared to 1719532800 on 1180865. Therefore, it implies a Short% of Shares Outstanding of 1132009 and a Short% of Float of 6.260000000000001.
