Evolve Transition Infrastructure LP (AMEX: SNMP) is -41.58% lower on its value in year-to-date trading and has touched a low of $0.07 and a high of $0.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SNMP stock was last observed hovering at around $0.08 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $2.00 for the next 12 months. It is also 96.5% off the consensus price target high of $2.00 offered by 1 analysts, but current levels are 96.5% higher than the price target low of $2.00 for the same period.
Currently trading at $0.07, the stock is -45.85% and -56.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -11.38% at the moment leaves the stock -70.25% off its SMA200. SNMP registered -89.82% loss for a year compared to 6-month loss of -63.66%. The firm has a 50-day simple moving average (SMA 50) of $1.78 and a 200-day simple moving average (SMA200) of $5.20.
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The stock witnessed a -52.12% gain in the last 1 month and extending the period to 3 months gives it a -74.96%, and is -39.36% down 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 18.11% over the week and 11.26% over the month.
Distance from 52-week low is -2.91% and -90.28% 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 08/10/2023.
Evolve Transition Infrastructure LP (SNMP) Top Institutional Holders
The shares outstanding are 231.03M, and Short Float at -.
Evolve Transition Infrastructure LP (SNMP) Insider Activity
A total of 2 insider transactions have happened at Evolve Transition Infrastructure LP (SNMP) in the last six months, with sales accounting for 0 and purchases happening 2 times.