Abraxas Petroleum Corporation (NASDAQ:AXAS) has a beta value of 3.37 and has seen 368,073 shares traded in the last trading session. The company, currently valued at $16.98 Million, closed the last trade at $2.02 per share which meant it lost -$0.03 on the day or -1.46% during that session. The AXAS stock price is -444.55% off its 52-week high price of $11 and 30.2% above the 52-week low of $1.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 435.21 Million shares traded. The 3-month trading volume is 667.41 Million shares.
The consensus among analysts is that Abraxas Petroleum Corporation (AXAS) is an Underweight stock at the moment, with a recommendation rating of 3.5. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 2 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.
Abraxas Petroleum Corporation (NASDAQ:AXAS) trade information
Despite being -1.46% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Nov 18 when the AXAS stock price touched $2.25-1 or saw a rise of 10.22%. Year-to-date, Abraxas Petroleum Corporation shares have moved -71.23%, while the 5-day performance has seen it change 15.43%. Over the past 30 days, the shares of Abraxas Petroleum Corporation (NASDAQ:AXAS) have changed 3.59%. Short interest in the company has seen 859.92 Million shares shorted with days to cover at 1.29.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could jump -0.99% from current levels. The projected low price target is $2 while the price target rests at a high of $2. In that case, then, we find that the current price level is -0.99% off the targeted high while a plunge would see the stock lose -0.99% from current levels.
Abraxas Petroleum Corporation (AXAS) estimates and forecasts
Figures show that Abraxas Petroleum Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -52.47% over the past 6 months, compared to -35.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 100% and 88.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be -61.3%.
2 analysts offering their estimates for the company have set an average revenue estimate of $16.05 Million for the current quarter. 2 have an estimated revenue figure of $15.6 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $28.28 Million and $22Million respectively for this quarter and the next, and analysts expect sales will grow by -43.2% for the current quarter and -29.1% for the next.
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 -21.4% over the past 5 years. Earnings growth for 2020 is a modest -213.4% 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 11.56% with a share float percentage of 11.91%. Investors are also buoyed by the number of investors in a company, with Abraxas Petroleum Corporation having a total of 61 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 286.47 Thousand shares worth more than $836.5 Thousand. As of September 29, 2020, Vanguard Group, Inc. (The) held 3.41% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 168.45 Thousand shares as of September 29, 2020. The firm’s total holdings are worth over $491.87 Thousand and represent 2% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of June 29, 2020, the former fund manager holds about 2.83% shares in the company for having 238073 shares of worth $1.11 Million while later fund manager owns 120.1 Thousand shares of worth $560.62 Thousand as of June 29, 2020, which makes it owner of about 1.43% of company’s outstanding stock.