In today’s recent session, 0.44 million shares of the Target Hospitality Corp (NASDAQ:TH) have been traded, and its beta is 1.79. Most recently the company’s share price was $6.47, and it changed around $0.34 or 5.55% from the last close, which brings the market valuation of the company to $640.15M. TH at last check was trading at a discount to its 52-week high of $11.84, offering almost -83.0% off that amount. The share price’s 52-week low was $4.00, which indicates that the recent value has risen by an impressive 38.18% since then. We note from Target Hospitality Corp’s average daily trading volume that its 10-day average is 0.69 million shares, with the 3-month average coming to 887.14K.
Target Hospitality Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended TH as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Target Hospitality Corp is expected to report earnings per share of 0.02 for the current quarter.
Target Hospitality Corp (NASDAQ:TH) trade information
Instantly TH has been showing a green trend so far today with a performance of 5.55% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.93 on recent trading dayincreased the stock’s daily price by 6.64%. The company’s shares are currently down -33.06% year-to-date, but still up 8.74% over the last five days. On the other hand, Target Hospitality Corp (NASDAQ:TH) is 18.72% up in the 30-day period. We can see from the shorts that 1.73 million shares have been sold at a short interest cover period of 1.08 day(s).
The consensus price target as assigned by Wall Street analysts is $9.75, which translates to bulls needing to increase their stock price by 33.64% from its current value. Analyst projections state that TH is forecast to be at a low of $9.5 and a high of $10.
Target Hospitality Corp (TH) estimates and forecasts
The year-over-year growth rate is expected to be -31.20%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 75.37M in revenue for the current quarter. 3 analysts expect Target Hospitality Corp to make 67.33M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 106.67M and 100.72M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -29.35%. Forecasts for the next quarter put sales growth at -33.15%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 67.10%.
Target Hospitality Corp (NASDAQ:TH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.42% of Target Hospitality Corp shares, and 94.32% of them are in the hands of institutional investors. The stock currently has a share float of 98.68%. Target Hospitality Corp stock is held by 177.0 institutions, with PRIVATE CAPITAL MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 5.3627% of the shares, which is about 5.38 million shares worth $46.83 million.
CONVERSANT CAPITAL LLC, with 4.5253% or 4.54 million shares worth $39.52 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 948.3 shares worth $6.05 million, making up 0.96% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 894.31 shares worth around $5.71 million, which represents about 0.90% of the total shares outstanding.
