It makes sense and dollars to buy U.S. Well Services Inc. (USWS) stock

U.S. Well Services Inc. (NASDAQ: USWS) stock fell -5.85% on Friday to $0.92 against a previous-day closing price of $0.98. With 1.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.52 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $0.9600 whereas the lowest price it dropped to was $0.9132. The 52-week range on USWS shows that it touched its highest point at $4.20 and its lowest point at $0.50 during that stretch. It currently has a 1-year price target of $1.15. Beta for the stock currently stands at 1.01.

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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 USWS was down-trending over the past week, with a drop of -4.38%, but this was up by 9.96% over a month. Three-month performance surged to 0.94% while six-month performance rose 6.85%. The stock lost -70.52% in the past year, while it has lost -20.00% so far this year. A look at the trailing 12-month EPS for USWS yields -1.95 with Next year EPS estimates of 0.43. For the next quarter, that number is -0.11. This implies an EPS growth rate of 81.90% for this year and 287.00% for next year.

Float and Shares Shorts:

At present, 59.77 million USWS shares are outstanding with a float of 47.87 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.21 million, which was 5.46% higher than short shares on Jun 14, 2022. In addition to Mr. Joel N. Broussard as the firm’s Co-Founder & Chairman, Mr. Kyle P. O’Neill serves as its Pres, CEO & Director.

Institutional Ownership:

Through their ownership of 50.98% of USWS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 26.68% of USWS, in contrast to 21.47% held by mutual funds. Shares owned by individuals account for 2.52%. As the largest shareholder in USWS with 13.96% of the stake, TCW Asset Management Co. LLC holds 10,757,195 shares worth 10,757,195. A second-largest stockholder of USWS, Millennium Management LLC, holds 4,650,799 shares, controlling over 6.04% of the firm’s shares. Sabby Capital LLC is the third largest shareholder in USWS, holding 974,275 shares or 1.26% stake. With a 1.64% stake in USWS, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,260,270 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.41% of USWS stock, is the second-largest Mutual Fund holder. It holds 313,256 shares valued at 0.29 million. Fidelity Extended Market Index Fu holds 0.27% of the stake in USWS, owning 204,925 shares worth 0.19 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for USWS since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 USWS analysts setting a high price target of $1.30 and a low target of $1.30, the average target price over the next 12 months is $1.30. Based on these targets, USWS could surge 41.3% to reach the target high and rise by 41.3% to reach the target low. Reaching the average price target will result in a growth of 41.3% 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. USWS will report FY 2022 earnings on 03/08/2023. Analysts have provided yearly estimates in a range of -$0.70 being high and -$0.70 being low. For USWS, this leads to a yearly average estimate of -$0.70. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. U.S. Well Services Inc. surprised analysts by -$0.18 when it reported -$0.45 EPS against a consensus estimate of -$0.27. The surprise factor in the prior quarter was -$0.08. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.11.

Summary of Insider Activity:

Insiders traded USWS stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 61,400 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 57,177,269 while 81,862 shares were sold.

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