Torchlight Energy Resources Inc. (NASDAQ: TRCH) is 12.11% higher on its value in year-to-date trading and has touched a low of $0.21 and a high of $1.09 in the current 52-week trading range. The TRCH stock was last observed hovering at around $0.71 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $2.70 for the next 12 months. It is also 71.11% off the consensus price target high of $2.70 offered by 1 analysts, but current levels are 71.11% higher than the price target low of $2.70 for the same period.
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Currently trading at $0.78, the stock is 28.21% and 84.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.86 million and changing 10.54% at the moment leaves the stock 113.51% off its SMA200. TRCH registered -21.12% loss for a year compared to 6-month gain of 118.79%. The firm has a 50-day simple moving average (SMA 50) of $0.5045 and a 200-day simple moving average (SMA200) of $0.3537.
The stock witnessed a 74.79% loss in the last 1 month and extending the period to 3 months gives it a 196.04%, and is 9.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.43% over the week and 20.23% over the month.
Torchlight Energy Resources Inc. (TRCH) has around 2 employees, a market worth around $79.60M and $0.30M in sales. Distance from 52-week low is 271.77% and -27.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.30%).
Torchlight Energy Resources Inc. (TRCH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Torchlight Energy Resources Inc. (TRCH) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Torchlight Energy Resources Inc. is expected to release its quarterly report on 05/14/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $85k over the same period.The EPS is expected to shrink by -58.50% this year, but quarterly earnings will post 194.90% year-over-year. Quarterly sales are estimated to shrink -72.70% in year-over-year returns.
Torchlight Energy Resources Inc. (TRCH) Top Institutional Holders
35 institutions hold shares in Torchlight Energy Resources Inc. (TRCH), with 19.4M shares held by insiders accounting for 19.53% while institutional investors hold 17.81% of the company’s shares. The shares outstanding are 98.24M, and float is at 79.93M with Short Float at 8.33%. Institutions hold 14.34% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 2.31 million shares valued at $0.6 million. The investor’s holdings represent 2.33% of the TRCH Shares outstanding. As of Sep 29, 2020, the second largest holder is AMG National Trust Bank with 1.4 million shares valued at $0.36 million to account for 1.41% of the shares outstanding. The other top investors are Blackrock Inc. which holds 0.85 million shares representing 0.86% and valued at over $0.22 million, while Northern Trust Corporation holds 0.61% of the shares totaling 0.6 million with a market value of $0.16 million.
Torchlight Energy Resources Inc. (TRCH) Insider Activity
The most recent transaction is an insider purchase by McCabe Greg, the company’s Director. SEC filings show that McCabe Greg bought 1,630,434 shares of the company’s common stock on Dec 18 at a price of $0.46 per share for a total of $0.75 million. Following the purchase, the insider now owns 11.89 million shares.