As of close of business last night, Target Hospitality Corp’s stock clocked out at $8.54, up 0.35% from its previous closing price of $8.51. In other words, the price has increased by $+0.03 from its previous closing price. On the day, 556070 shares were traded.
Ratios:
To gain a deeper understanding of TH’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.11. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.58. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.03.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 868.19M and an Enterprise Value of 990.51M. As of this moment, Target’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.34, and their Forward P/E ratio for the next fiscal year is 14.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 2.57. Its current Enterprise Value per Revenue stands at 1.68 whereas that against EBITDA is 2.98.
Stock Price History:
Over the past 52 weeks, TH has reached a high of $17.88, while it has fallen to a 52-week low of $8.49. The 50-Day Moving Average of the stock is 9.35, while the 200-Day Moving Average is calculated to be 12.42.
Shares Statistics:
It appears that TH traded 544.83K shares on average per day over the past three months and 395.18k shares per day over the past ten days. A total of 100.32M shares are outstanding, with a floating share count of 32.91M. Insiders hold about 67.63% of the company’s shares, while institutions hold 32.34% stake in the company. Shares short for TH as of Feb 29, 2024 were 2.29M with a Short Ratio of 4.21, 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
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.24 for the current quarter, with a high estimate of $0.37 and a low estimate of $0.13, while EPS last year was $0.31. The consensus estimate for the next quarter is $0.13, with high estimates of $0.16 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.51 and $1.39 for the fiscal current year, implying an average EPS of $1.45. EPS for the following year is $0.59, with 3 analysts recommending between $0.68 and $0.44.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $118M. It ranges from a high estimate of $123.8M to a low estimate of $112.6M. As of the current estimate, Target Hospitality Corp’s year-ago sales were $152.44M, an estimated decrease of -22.60% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $100.25M, a decrease of -27.20% less than the figure of -$22.60% in the same quarter last year. There is a high estimate of $102.8M for the next quarter, whereas the lowest estimate is $97.7M.
A total of 3 analysts have provided revenue estimates for TH’s current fiscal year. The highest revenue estimate was $561.2M, while the lowest revenue estimate was $550M, resulting in an average revenue estimate of $555.4M. In the same quarter a year ago, actual revenue was $501.99M, up 10.60% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $409.67M in the next fiscal year. The high estimate is $417.5M and the low estimate is $398M. The average revenue growth estimate for next year is down -26.20% from the average revenue estimate for this year.
