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Why should you keep an eye on Evolve Transition Infrastructure LP (SNMP)?

Evolve Transition Infrastructure LP (AMEX: SNMP) is 101.75% higher on its value in year-to-date trading and has touched a low of $0.10 and a high of $1.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SNMP stock was last observed hovering at around $0.23 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $2.00 for the next 12 months. It is also 88.0% off the consensus price target high of $2.00 offered by 1 analysts, but current levels are 88.0% higher than the price target low of $2.00 for the same period.

Currently trading at $0.24, the stock is 68.16% and 42.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.59 million and changing 5.26% at the moment leaves the stock -31.80% off its SMA200. SNMP registered -26.64% loss for a year compared to 6-month loss of -38.18%.

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The stock witnessed a 54.20% gain in the last 1 month and extending the period to 3 months gives it a -16.23%, and is 67.89% 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 24.68% over the week and 17.13% over the month.

Distance from 52-week low is 132.34% and -80.63% from its 52-week high.

Evolve Transition Infrastructure LP (SNMP) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Evolve Transition Infrastructure LP (SNMP) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Evolve Transition Infrastructure LP is expected to release its quarterly report on 05/11/2023.

Evolve Transition Infrastructure LP (SNMP) Top Institutional Holders

The shares outstanding are 173.67M, and float is at 2.02M with Short Float at 4.58%.

Evolve Transition Infrastructure LP (SNMP) Insider Activity

A total of 3 insider transactions have happened at Evolve Transition Infrastructure LP (SNMP) in the last six months, with sales accounting for 1 and purchases happening 2 times.

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