Target Hospitality Corp (NASDAQ: TH) is 10.81% higher on its value in year-to-date trading and has touched a low of $6.11 and a high of $11.84 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 TH stock was last observed hovering at around $10.03 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $10.71, the stock is 10.90% and 19.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 6.78% at the moment leaves the stock 14.01% off its SMA200. TH registered 15.91% gain for a year compared to 6-month loss of 14.67%. The firm has a 50-day simple moving average (SMA 50) of $8.9079 and a 200-day simple moving average (SMA200) of $9.3948.
The stock witnessed a 23.96% gain in the last 1 month and extending the period to 3 months gives it a 39.82%, and is 13.03% 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 4.38% over the week and 4.27% over the month.
Target Hospitality Corp (TH) has around 984 employees, a market worth around $1.06B and $428.80M in sales. Current P/E ratio is 12.30 and Fwd P/E is 30.03. Profit margin for the company is 20.84%. Distance from 52-week low is 75.29% and -9.54% from its 52-week high. The company has generated returns on investments over the last 12 months (21.04%).
The EPS is expected to shrink by -57.26% this year
188.0 institutions hold shares in Target Hospitality Corp (TH), with institutional investors hold 96.09% of the company’s shares. The shares outstanding are 100.30M, and float is at 32.21M with Short Float at 3.77%. Institutions hold 92.05% 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.