Target Hospitality Corp (NASDAQ: TH) is -23.79% lower on its value in year-to-date trading and has touched a low of $6.11 and a high of $16.73 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 TH stock was last observed hovering at around $7.60 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $7.41, the stock is -23.15% and -22.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -2.43% at the moment leaves the stock -24.03% off its SMA200. TH registered -49.00% loss for a year compared to 6-month loss of -32.34%. The firm has a 50-day simple moving average (SMA 50) of $9.5361 and a 200-day simple moving average (SMA200) of $9.743625.
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The stock witnessed a -22.68% gain in the last 1 month and extending the period to 3 months gives it a -9.57%, and is -23.40% 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 4.69% over the week and 3.13% over the month.
Target Hospitality Corp (TH) has around 984 employees, a market worth around $744.69M and $479.55M in sales. Current P/E ratio is 6.70 and Fwd P/E is 15.67. Profit margin for the company is 23.97%. Distance from 52-week low is 21.36% and -55.68% from its 52-week high. The company has generated returns on investments over the last 12 months (28.43%).
The EPS is expected to shrink by -60.47% this year
180.0 institutions hold shares in Target Hospitality Corp (TH), with institutional investors hold 93.95% of the company’s shares. The shares outstanding are 101.66M, and float is at 31.70M with Short Float at 5.86%. Institutions hold 90.05% of the Float.
The top institutional shareholder in the company is PRIVATE CAPITAL MANAGEMENT, LLC with over 5.38 million shares valued at $46.83 million. The investor’s holdings represent 5.3417 of the TH Shares outstanding. As of 2024-06-30, the second largest holder is CONVERSANT CAPITAL LLC with 4.54 million shares valued at $39.52 million to account for 4.5076 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.33 million shares representing 2.318 and valued at over $20.32 million, while VANGUARD GROUP INC holds 1.8122 of the shares totaling 1.82 million with a market value of $15.89 million.
Target Hospitality Corp (TH) Insider Activity
The most recent transaction is an insider sale by Kalamaras Eric, the company’s Chief Financial Officer. SEC filings show that Kalamaras Eric sold 2,456 shares of the company’s common stock on Oct 10 ’23 at a price of $16.53 per share for a total of $40598.0. Following the sale, the insider now owns 30480.0 shares.
Target Hospitality Corp disclosed in a document filed with the SEC on Oct 03 ’23 that Schrenk Troy C. (Chief Commercial Officer) sold a total of 4,901 shares of the company’s common stock. The trade occurred on Oct 03 ’23 and was made at $16.50 per share for $80866.0. Following the transaction, the insider now directly holds 31323.0 shares of the TH stock.
Still, SEC filings show that on Oct 03 ’23, Kalamaras Eric (Chief Financial Officer) disposed off 442 shares at an average price of $16.50 for $7293.0. The insider now directly holds 32,936 shares of Target Hospitality Corp (TH).
