In the last trading session, 10,470,296 shares of the U.S. Well Services, Inc.(NASDAQ:USWS) were traded, and its beta was 2.33. Most recently the company’s share price was $2.08, and it changed around -$0.16 or -0.07% from the last close, which brings the market valuation of the company to $154.06 Million. USWS currently trades at a discount to its 52-week high of $3.37, offering almost -62.02% off that amount. The share price’s 52-week low was $0.23, which indicates that the current value has risen by an impressive 88.94% since then. We note from U.S. Well Services, Inc.’s average daily trading volume that its 10-day average is 20.21 Million shares, with the 3-month average coming to 8.41 Million.
U.S. Well Services, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 3 recommended USWS as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. U.S. Well Services, Inc. is expected to report earnings per share of -$0.19 for the current quarter.
U.S. Well Services, Inc. (NASDAQ:USWS): Trading Information
Although USWS has showed a red trend with a performance of -7.14% 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 $3.37- on Thursday, Feb 18 increased the stock’s daily price by 38.28%. The company’s shares are currently up 4.02% year-to-date, but still up 0.415 over the last five days. On the other hand, U.S. Well Services, Inc. (NASDAQ:USWS) is 1.46% up in the 30-day period. We can see from the shorts that 1.08 Million shares have been sold at a short interest cover period of 0.13 day(s).
The consensus price target as assigned by Wall Street analysts is $0.6, which translates to bears needing to reduce their stock price by -71.15% from its current value. Analyst projections state that USWS is forecast to be at a low of $0.3 and a high of $1. In order for the stock price to hit the forecast high, the stock would need to surge -51.92% from its current level, while the stock would need to crash -85.58% from its current level to reach the projected low.
U.S. Well Services, Inc. (USWS) projections and forecasts
U.S. Well Services, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +492.26 percent over the past six months and at a -60.19% annual growth rate that is well below the industry average of 9.1%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +74.3% in revenue this quarter, and will report an increase of 69.6% in the next quarter. The year-over-year growth rate is expected to be -52.3%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $49.4 Million in revenue for the current quarter. 2 analysts expect U.S. Well Services, Inc. to make $55.15 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $92.68 Million and $112.03 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -46.7%. Forecasts for the next quarter put sales growth at -50.8%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. U.S. Well Services, Inc. earnings are expected to decrease by -58.9% in 2021, but the outlook is negative 0% per year for the next five years.
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U.S. Well Services, Inc. (NASDAQ:USWS)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 15.37% of U.S. Well Services, Inc. shares, and 53.88% of them are in the hands of institutional investors. The stock currently has a share float of 63.66%. U.S. Well Services, Inc. stock is held by 32 institutions, with Crestview Partners III GP, L.P. being the largest institutional investor. By Dec 30, 2020, it held 28.39% of the shares, which is about 20.38 Million shares worth $8.44 Million.
TCW Group, Inc. (The), with 13.94% or 10Million shares worth $4.14 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.