In the latest trading session, 1.07 million Target Hospitality Corp (NASDAQ:TH) shares changed hands as the company’s beta touched 2.16. With the company’s most recent per share price at $5.55 changing hands around $0.5 or 9.80% at last look, the market valuation stands at $548.63M. TH’s current price is a discount, trading about -113.33% off its 52-week high of $11.84. The share price had its 52-week low at $4.00, which suggests the last value was 27.93% up since then.
Analysts gave the Target Hospitality Corp (TH) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended TH as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Target Hospitality Corp’s EPS for the current quarter is expected to be 0.08.
Target Hospitality Corp (NASDAQ:TH) trade information
Instantly TH is in green as seen in intraday trades today. With action -43.36%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -42.63%, with the 5-day performance at -43.36% in the red. However, in the 30-day time frame, Target Hospitality Corp (NASDAQ:TH) is -44.44% down.
The consensus price target for the stock as assigned by Wall Street analysts is 9.75, meaning bulls need an upside of 43.08% from its recent market value. According to analyst projections, TH’s forecast low is 9.5 with 10 as the target high. To hit the forecast high, the stock’s price needs a -80.18% plunge from its current level, while the stock would need to soar -71.17% for it to hit the projected low.
Target Hospitality Corp (TH) estimates and forecasts
Year-over-year growth is forecast to reach -32.10% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 80.1M. 2 analysts are of the opinion that Target Hospitality Corp’s revenue for the current quarter will be 82.9M. The company’s revenue for the corresponding quarters a year ago was 126.22M and 106.67M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -36.54%. The estimates for the next quarter sales put growth at -22.29%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 67.10%. The 2025 estimates are for Target Hospitality Corp earnings to decrease by -57.26%.
Target Hospitality Corp (NASDAQ:TH)’s Major holders
CONVERSANT CAPITAL LLC holds the second largest percentage of outstanding shares, with 4.5253% or 4.54 million shares worth $39.52 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 959.1 shares estimated at $5.45 million under it, the former controlled 0.97% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 0.96% of the shares, roughly 949.85 shares worth around $5.4 million.
