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The closing price of Target Hospitality Corp (NASDAQ: TH) was $9.84 for the day, up 6.84% from the previous closing price of $9.21. In other words, the price has increased by $6.84 from its previous closing price. On the day, 2.03 million shares were traded. TH stock price reached its highest trading level at $10.112 during the session, while it also had its lowest trading level at $9.25.
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 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.
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 988241024 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 20.79. 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 $11.88, while it has fallen to a 52-week low of $6.11. The 50-Day Moving Average of the stock is 17.23%, while the 200-Day Moving Average is calculated to be 4.00%.
Shares Statistics:
TH traded an average of 397.50K shares per day over the past three months and 618430 shares per day over the past ten days. A total of 101.66M shares are outstanding, with a floating share count of 31.77M. Insiders hold about 68.36% of the company’s shares, while institutions hold 26.12% stake in the company. Shares short for TH as of 1728950400 were 1718273 with a Short Ratio of 4.18, compared to 1726185600 on 1856448. Therefore, it implies a Short% of Shares Outstanding of 1718273 and a Short% of Float of 9.5.