Future Outlook And Stock Price Performance For Enservco Corp (AMEX: ENSV)

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In today’s recent session, 0.77 million shares of the Enservco Corp (AMEX:ENSV) have been traded, and its beta is 1.10. Most recently the company’s share price was $0.13, and it changed around -$0.01 or -6.50% from the last close, which brings the market valuation of the company to $6.00M. ENSV at last check was trading at a discount to its 52-week high of $0.50, offering almost -284.62% off that amount. We note from Enservco Corp’s average daily trading volume that its 10-day average is 0.59 million shares, with the 3-month average coming to 662.15K.

Enservco Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ENSV as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Enservco Corp is expected to report earnings per share of -0.04 for the current quarter.

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Enservco Corp (AMEX:ENSV) trade information

Instantly ENSV has been showing red trend so far today with a performance of -6.50% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.1630 on recent trading dayincreased the stock’s daily price by 20.25%. The company’s shares are currently down -48.06% year-to-date, but still down -18.19% over the last five days. On the other hand, Enservco Corp (AMEX:ENSV) is -33.99% down in the 30-day period. We can see from the shorts that 0.78 million shares have been sold at a short interest cover period of 1.38 day(s).

Enservco Corp (ENSV) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 69.20% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be 33.70%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 5.4M in revenue for the current quarter. 1 analysts expect Enservco Corp to make 10.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.94M and 6.48M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 83.90%. Forecasts for the next quarter put sales growth at 62.00%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 24.20%.

ENSV Dividends

Enservco Corp’s next quarterly earnings report is expected to be released in September.

Enservco Corp (AMEX:ENSV)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 22.14% of Enservco Corp shares, and 20.96% of them are in the hands of institutional investors. The stock currently has a share float of 26.92%. Enservco Corp stock is held by 22.0 institutions, with CARTESIAN GROWTH CORP being the largest institutional investor. By 2024-06-30, it held 3.0326% of the shares, which is about 0.82 million shares worth $0.19 million.

GEODE CAPITAL MANAGEMENT, LLC, with 0.6% or 0.16 million shares worth $37157.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.

Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 122.09 shares worth $15688.0, making up 0.27% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 107.72 shares worth around $13841.0, which represents about 0.23% of the total shares outstanding.