Torchlight Energy Resources Inc. (NASDAQ:TRCH) has a beta value of 2.07 and has seen 13,996,330 shares traded in the last trading session. The company, currently valued at $307.34 Million, closed the last trade at $2.12 per share which meant it lost -$0.2 on the day or -8.84% during that session. The TRCH stock price is -127.83% off its 52-week high price of $4.83 and 90.09% 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 7.45 Million shares traded. The 3-month trading volume is 27.47 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
Despite being -8.84% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the TRCH stock price touched $2.45-1 or saw a rise of 13.67%. Year-to-date, Torchlight Energy Resources Inc. shares have moved 202.14%, while the 5-day performance has seen it change 16.53%. Over the past 30 days, the shares of Torchlight Energy Resources Inc. (NASDAQ:TRCH) have changed 16.85%. Short interest in the company has seen 17.87 Million shares shorted with days to cover at 0.65.
Wall Street analysts have a consensus price target for the stock at $2.7, which means that the shares’ value could jump 27.36% 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 +27.36% off the targeted high while a plunge would see the stock lose 27.36% from current levels.
Torchlight Energy Resources Inc. (TRCH) estimates and forecasts
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 +38.1% over the past 5 years. Earnings growth for 2021 is a modest -4.3%.
Torchlight Energy Resources Inc. (NASDAQ:TRCH)’s Major holders
Insiders own 13.51% of the company shares, while shares held by institutions stand at 4.93% with a share float percentage of 5.7%. Investors are also buoyed by the number of investors in a company, with Torchlight Energy Resources Inc. having a total of 39 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 3.03 Million shares worth more than $2.12 Million. As of December 30, 2020, Vanguard Group Inc. (The) held 2.08% of shares outstanding.
The other major institutional holder is AMG National Trust Bank, with the holding of over 1.4 Million shares as of December 30, 2020. The firm’s total holdings are worth over $979.9 Thousand and represent 0.96% 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 December 30, 2020, the former fund manager holds about 1.5% shares in the company for having 2181856 shares of worth $1.53 Million while later fund manager owns 762.45 Thousand shares of worth $533.72 Thousand as of December 30, 2020, which makes it owner of about 0.52% of company’s outstanding stock.