A Look at Target Hospitality Corp (TH) Shares in the Recent Past Indicates Growth

With 83105.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.49 million shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $9.47 whereas the lowest price it dropped to was $9.28. The 52-week range on TH shows that it touched its highest point at $11.84 and its lowest point at $6.11 during that stretch. It currently has a 1-year price target of $10.50. Beta for the stock currently stands at 2.11.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TH was down-trending over the past week, with a drop of -2.18%, but this was up by 8.04% over a month. Three-month performance surged to 23.82% while six-month performance rose 26.99%. The stock gained 0.11% in the past year, while it has lost -3.29% so far this year. A look at the trailing 12-month EPS for TH yields 0.87 with Next year EPS estimates of 0.36. For the next quarter, that number is 0.08. This implies an EPS growth rate of -57.26% for this year and -46.50% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 67.10%.

Float and Shares Shorts:

At present, 100.30 million TH shares are outstanding with a float of 32.21 million shares on hand for trading. On 2024-11-29, short shares totaled 1.08 million, which was 109.00000000000001 higher than short shares on 1730332800. In addition to Mr. James Bradley Archer as the firm’s CEO, President & Non-Independent Director, Mr. Jason Paul Vlacich serves as its CFO & Chief Accounting Officer.

Institutional Ownership:

Through their ownership of 0.92309 of TH’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, TH reported revenue of $95191000.0 and operating income of $27991000.0. The EBITDA in the recently reported quarter was $47700000.0 and diluted EPS was $0.2.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TH since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TH analysts setting a high price target of 11.0 and a low target of 10.0, the average target price over the next 12 months is 10.5. Based on these targets, TH could surge 16.9% to reach the target high and rise by 6.27% to reach the target low. Reaching the average price target will result in a growth of 11.58% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.67693 being high and $0.65077 being low. For TH, this leads to a yearly average estimate of $0.66667. Based on analyst estimates, the high estimate for the next quarter is $0.1 and the low estimate is $0.08. The average estimate for the next quarter is thus $0.09.