After finishing at $10.91 in the prior trading day, Target Hospitality Corp (NASDAQ: TH) closed at $10.96, up 0.46%. On the day, 677192 shares were traded.
Ratios:
Our goal is to gain a better understanding of TH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.56. 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:
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 1.10B and an Enterprise Value of 1.20B. As of this moment, Target’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.93, and their Forward P/E ratio for the next fiscal year is 15.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95 while its Price-to-Book (P/B) ratio in mrq is 2.95. Its current Enterprise Value per Revenue stands at 2.13 whereas that against EBITDA is 3.61.
Stock Price History:
Over the past 52 weeks, TH has reached a high of $16.80, while it has fallen to a 52-week low of $8.49. The 50-Day Moving Average of the stock is 9.36, while the 200-Day Moving Average is calculated to be 12.13.
Shares Statistics:
The stock has traded on average 593.95K shares per day over the past 3-months and 1.35M shares per day over the last 10 days, according to various share statistics. A total of 101.66M shares are outstanding, with a floating share count of 32.75M. Insiders hold about 67.42% 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 3.36, 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
Its stock is currently analyzed by 3 different market 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 $0.13, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.16, with high estimates of $0.17 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.68 and $0.57 for the fiscal current year, implying an average EPS of $0.64. EPS for the following year is $0.69, with 2 analysts recommending between $0.78 and $0.6.
Revenue Estimates
3 analysts predict $102.53M in revenue for the current quarter. It ranges from a high estimate of $103M to a low estimate of $101.8M. As of the current estimate, Target Hospitality Corp’s year-ago sales were $137.63M, an estimated decrease of -25.50% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $102.33M, a decrease of -28.80% less than the figure of -$25.50% in the same quarter last year. There is a high estimate of $103.9M for the next quarter, whereas the lowest estimate is $100.1M.
A total of 3 analysts have provided revenue estimates for TH’s current fiscal year. The highest revenue estimate was $417.5M, while the lowest revenue estimate was $410M, resulting in an average revenue estimate of $413.43M. In the same quarter a year ago, actual revenue was $563.61M, down -26.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $420.85M in the next fiscal year. The high estimate is $427.7M and the low estimate is $414M. The average revenue growth estimate for next year is up 1.80% from the average revenue estimate for this year.
