Abraxas Petroleum Corporation (NASDAQ:AXAS) has a beta value of 3.46 and has seen 3,274,627 shares traded in the recent trading session. The company, currently valued at $41.93 Million, closed the recent trade at $0.249 per share which meant it lost $0 on the day or 0.73% during that session. The AXAS stock price is -353.82% off its 52-week high price of $1.13 and 63.86% above the 52-week low of $0.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.87 Million shares traded. The 3-month trading volume is 13.36 Million shares.
The consensus among analysts is that Abraxas Petroleum Corporation (AXAS) is an Underweight stock at the moment, with a recommendation rating of 3.3. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 3 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.02.
Abraxas Petroleum Corporation (NASDAQ:AXAS) trade information
Despite being -2.18% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the AXAS stock price touched $0.34 or saw a rise of 27.12%. Year-to-date, Abraxas Petroleum Corporation shares have moved -29.42%, while the 5-day performance has seen it change -14.55%. Over the past 30 days, the shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) have changed 27.6%. Short interest in the company has seen 12.96 Million shares shorted with days to cover at 0.97.
Wall Street analysts have a consensus price target for the stock at $0.17, which means that the shares’ value could jump -31.73% from current levels. The projected low price target is $0.1 while the price target rests at a high of $0.25. In that case, then, we find that the current price level is +0.4% off the targeted high while a plunge would see the stock lose -59.84% from current levels.
Abraxas Petroleum Corporation (AXAS) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -25.09% over the past 5 years. Earnings growth for 2020 is a modest -55.6% while over the next 5 years, the company’s earnings are expected to increase by 2%.
Abraxas Petroleum Corporation (NASDAQ:AXAS)’s Major holders
Insiders own 2.98% of the company shares, while shares held by institutions stand at 39.06% with a share float percentage of 40.26%. Investors are also buoyed by the number of investors in a company, with Abraxas Petroleum Corporation having a total of 130 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 11.47 Million shares worth more than $1.39 Million. As of March 30, 2020, Blackrock Inc. held 6.81% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 7.92 Million shares as of March 30, 2020. The firm’s total holdings are worth over $957.95 Thousand and represent 4.7% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of March 30, 2020, the former fund manager holds about 2.83% shares in the company for having 4761451 shares of worth $576.14 Thousand while later fund manager owns 3.41 Million shares of worth $413.15 Thousand as of March 30, 2020, which makes it owner of about 2.03% of company’s outstanding stock.