In the last trading session, 2,702,232 shares of the Tengasco, Inc.(NYSE:TGC) were traded, and its beta was 1.63. Most recently the company’s share price was $4.13, and it changed around $0.51 or 0.14% from the last close, which brings the market valuation of the company to $44.13 Million. TGC currently trades at a discount to its 52-week high of $6.6, offering almost -59.81% off that amount. The share price’s 52-week low was $0.37, which indicates that the current value has risen by an impressive 91.04% since then. We note from Tengasco, Inc.’s average daily trading volume that its 10-day average is 2.3 Million shares, with the 3-month average coming to 2.45 Million.
Tengasco, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 0. 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 TGC as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Tengasco, Inc. is expected to report earnings per share of $0 for the current quarter.
Tengasco, Inc. (NYSE:TGC): Trading Information
Instantly TGC has showed a green trend with a performance of 14.09% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $4.14- on Friday, Feb 19 increased the stock’s daily price by 0.24%. The company’s shares are currently up 2.33% year-to-date, but still up 0.1834 over the last five days. On the other hand, Tengasco, Inc. (NYSE:TGC) is 1.91% up in the 30-day period. We can see from the shorts that 21.52 Million shares have been sold at a short interest cover period of 8.78 day(s).
The consensus price target as assigned by Wall Street analysts is $140, which translates to bears needing to increase their stock price by 3289.83% from its current value. Analyst projections state that TGC is forecast to be at a low of $140 and a high of $140. In order for the stock price to hit the forecast high, the stock would need to surge +3289.83% from its current level, while the stock would need to crash 3289.83% from its current level to reach the projected low.
Tengasco, Inc. (TGC) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 20.6%. Tengasco, Inc. earnings are expected to decrease by -198.4% in 2021, but the outlook is negative 0% per year for the next five years.
Tengasco, Inc. (NYSE:TGC)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.98% of Tengasco, Inc. shares, and 52.84% of them are in the hands of institutional investors. The stock currently has a share float of 53.9%. Tengasco, Inc. stock is held by 9 institutions, with Renaissance Technologies, LLC being the largest institutional investor. By Dec 30, 2020, it held 2.04% of the shares, which is about 218.19 Thousand shares worth $270.55 Thousand.
Geode Capital Management, LLC, with 0.7% or 74.28 Thousand shares worth $61.08 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.