Mammoth Energy Services Inc (NASDAQ: TUSK): A Business Review And Growth Forecast

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In the last trading session, 1.83 million shares of the Mammoth Energy Services Inc (NASDAQ:TUSK) were traded, and its beta was 1.53. Most recently the company’s share price was $2.27, and it changed around $0.38 or 20.11% from the last close, which brings the market valuation of the company to $109.26M. TUSK currently trades at a discount to its 52-week high of $4.94, offering almost -117.62% off that amount. The share price’s 52-week low was $1.68, which indicates that the current value has risen by an impressive 25.99% since then. We note from Mammoth Energy Services Inc’s average daily trading volume that its 10-day average is 0.37 million shares, with the 3-month average coming to 109.41K.

Mammoth Energy Services Inc 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 10 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended TUSK as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Mammoth Energy Services Inc is expected to report earnings per share of 0 for the current quarter.

Mammoth Energy Services Inc (NASDAQ:TUSK) trade information

Instantly TUSK has showed a green trend with a performance of 20.11% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.6400 on recent trading dayincreased the stock’s daily price by 14.02%. The company’s shares are currently down -24.33% year-to-date, but still down -0.87% over the last five days. On the other hand, Mammoth Energy Services Inc (NASDAQ:TUSK) is 0.89% up in the 30-day period. We can see from the shorts that 0.52 million shares have been sold at a short interest cover period of 4.09 day(s).

The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 67.57% from its current value. Analyst projections state that TUSK is forecast to be at a low of $7 and a high of $7.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -19.69%.

TUSK Dividends

Mammoth Energy Services Inc’s next quarterly earnings report is expected to be released on 2025-Mar-06.

Mammoth Energy Services Inc (NASDAQ:TUSK)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.38% of Mammoth Energy Services Inc shares, and 78.22% of them are in the hands of institutional investors. The stock currently has a share float of 81.81%. Mammoth Energy Services Inc stock is held by 99.0 institutions, with WEXFORD CAPITAL LP being the largest institutional investor. By 2024-06-30, it held 45.9586% of the shares, which is about 22.08 million shares worth $72.42 million.

ADAGE CAPITAL PARTNERS GP, L.L.C., with 9.159% or 4.4 million shares worth $14.43 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

ROYCE FUND-Royce Small-Cap Opportunity Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 785.62 shares worth $1.78 million, making up 1.63% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 552.65 shares worth around $1.25 million, which represents about 1.15% of the total shares outstanding.