In the last trading session, 1,017,916 shares of the Enservco Corporation(NYSE:ENSV) were traded, and its beta was 2. Most recently the company’s share price was $2.52, and it changed around -$0.12 or -0.05% from the last close, which brings the market valuation of the company to $27.26 Million. ENSV currently trades at a discount to its 52-week high of $5.85, offering almost -132.14% off that amount. The share price’s 52-week low was $1.125, which indicates that the current value has risen by an impressive 55.36% since then. We note from Enservco Corporation’s average daily trading volume that its 10-day average is 1.45 Million shares, with the 3-month average coming to 1.7 Million.
Enservco Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended ENSV as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Enservco Corporation is expected to report earnings per share of $0 for the current quarter.
Enservco Corporation (NYSE:ENSV): Trading Information
Although ENSV has showed a red trend with a performance of -4.55% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.89- on Thursday, Feb 18 increased the stock’s daily price by 12.8%. The company’s shares are currently up 0.35% year-to-date, but still down -0.0345 over the last five days. On the other hand, Enservco Corporation (NYSE:ENSV) is 0.17% up in the 30-day period. We can see from the shorts that 452.93 Million shares have been sold at a short interest cover period of 266.43 day(s).
The consensus price target as assigned by Wall Street analysts is $6.75, which translates to bears needing to increase their stock price by 167.86% from its current value. Analyst projections state that ENSV is forecast to be at a low of $6.75 and a high of $6.75. In order for the stock price to hit the forecast high, the stock would need to surge +167.86% from its current level, while the stock would need to crash 167.86% from its current level to reach the projected low.
Enservco Corporation (ENSV) projections and forecasts
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $5.7 Million in revenue for the current quarter. 1 analysts expect Enservco Corporation to make $8.4 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $8.08 Million and $9.39 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -29.4%. Forecasts for the next quarter put sales growth at -10.5%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.1%. Enservco Corporation earnings are expected to decrease by -25.8% in 2021, but the outlook is positive 20% per year for the next five years.
Enservco Corporation (NYSE:ENSV)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 11.74% of Enservco Corporation shares, and 27.78% of them are in the hands of institutional investors. The stock currently has a share float of 31.47%. Enservco Corporation stock is held by 18 institutions, with Hunter Associates Investment Management LLC being the largest institutional investor. By Dec 30, 2020, it held 1% of the shares, which is about 66.28 Thousand shares worth $123.94 Thousand.
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Bridgeway Capital Management, Inc., with 0.47% or 31Thousand shares worth $70.63 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.