During the last session, Torchlight Energy Resources, Inc. (NASDAQ:TRCH)’s traded shares were 3,976,008, with the beta value of the company hitting 2.02. At the end of the trading day, the stock’s price was $1.81, reflecting an intraday loss of -3.72% or -$0.07. The 52-week high for the TRCH share is $4.83, that puts it down -166.85% from that peak though still a striking +88.4% gain since the share price plummeted to a 52-week low of $0.21. The company’s market capitalization is $263.02 Million, and the average intraday trading volume over the past 10 days was 7.45 Million shares, and the average trade volume was 27.47 Million shares over the past three months.
Torchlight Energy Resources, Inc. (TRCH) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3. TRCH has a Sell rating from none of the analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and no one recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Torchlight Energy Resources, Inc. (NASDAQ:TRCH): Trading Information
The consensus price target of analysts on Wall Street is $2.7, which implies an increase of 49.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.7 and $2.7 respectively. As a result, TRCH is trading at a discount of 49.17% off the target high and 49.17% off the low.
Torchlight Energy Resources, Inc. (TRCH) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 38.1%. While earnings are projected to return -4.3% in 2021, the next five years will return 0% per annum.
Torchlight Energy Resources, Inc. (NASDAQ:TRCH)’s Biggest Investors
Torchlight Energy Resources, Inc. insiders own 13.35% of total outstanding shares while institutional holders control 4.89%, with the float percentage being 5.65%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 34 institutions own stock in it. As of Dec 30, 2020, the company held over 3.03 Million shares (or 2.08% of all shares), a total value of $2.12 Million in shares.
The next largest institutional holding, with 1.4 Million shares, is of AMG National Trust Bank’s that is approximately 0.96% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $979.9 Thousand.
Also, the Mutual Funds coming in first place with the largest holdings of Torchlight Energy Resources, Inc. (TRCH) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 2,181,856 shares. This amounts to just over 1.5 percent of the company’s overall shares, with a $1.53 Million market value. The same data shows that the other fund manager holds slightly less at 762.45 Thousand, or about 0.52% of the stock, which is worth about $533.72 Thousand.
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