Torchlight Energy Resources, Inc. (NASDAQ:TRCH) has a beta value of 2.22 and has seen 434,993 shares traded in the last trading session. The company, currently valued at $29.66 Million, closed the last trade at $0.3 per share which meant it gained $0.01 on the day or 1.36% during that session. The TRCH stock price is -263.33% off its 52-week high price of $1.09 and 30% above the 52-week low of $0.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 578.3 Million shares traded. The 3-month trading volume is 1.36 Million shares.
The consensus among analysts is that Torchlight Energy Resources, Inc. (TRCH) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 1 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.
Torchlight Energy Resources, Inc. (NASDAQ:TRCH) trade information
Wall Street analysts have a consensus price target for the stock at $2.7, which means that the shares’ value could jump 800% from current levels. The projected low price target is $2.7 while the price target rests at a high of $2.7. In that case, then, we find that the current price level is +800% off the targeted high while a plunge would see the stock lose 800% from current levels.
Torchlight Energy Resources, Inc. (TRCH) estimates and forecasts
0 analysts offering their estimates for the company have set an average revenue estimate of $85Million for the current quarter. 0 have an estimated revenue figure of $45Million for the next quarter concluding in June 01, 2020. Year-ago sales stood $311Million and $237Million respectively for this quarter and the next, and analysts expect sales will grow by -72.7% for the current quarter and -81% 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 +33.1% over the past 5 years. Earnings growth for 2020 is a modest -58.5%.
Torchlight Energy Resources, Inc. (NASDAQ:TRCH)’s Major holders
Insiders own 17.89% of the company shares, while shares held by institutions stand at 14.34% with a share float percentage of 17.46%. Investors are also buoyed by the number of investors in a company, with Torchlight Energy Resources, Inc. having a total of 35 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 2.31 Million shares worth more than $601.17 Thousand. As of September 29, 2020, Vanguard Group, Inc. (The) held 2.33% of shares outstanding.
The other major institutional holder is AMG National Trust Bank, with the holding of over 1.4 Million shares as of September 29, 2020. The firm’s total holdings are worth over $363.96 Thousand and represent 1.41% 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 1.29% shares in the company for having 1284189 shares of worth $465.52 Thousand while later fund manager owns 631.68 Thousand shares of worth $228.99 Thousand as of June 29, 2020, which makes it owner of about 0.64% of company’s outstanding stock.