Target Hospitality Corp. (NASDAQ: TH) stock jumped 1.08% on Monday to $14.10 against a previous-day closing price of $13.95. With 0.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $14.16 whereas the lowest price it dropped to was $13.75. The 52-week range on TH shows that it touched its highest point at $18.48 and its lowest point at $10.40 during that stretch. It currently has a 1-year price target of $19.67. Beta for the stock currently stands at 2.12.
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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 -8.32%, but this was down by -4.28% over a month. Three-month performance dropped to -0.14% while six-month performance fell -13.02%. The stock lost -0.14% in the past year, while it has lost -6.87% so far this year. A look at the trailing 12-month EPS for TH yields 1.34 with Next year EPS estimates of 1.02. For the next quarter, that number is 0.43. This implies an EPS growth rate of 116.20% for this year and -36.13% 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 34.40%.
Float and Shares Shorts:
At present, 101.47 million TH shares are outstanding with a float of 31.98 million shares on hand for trading. On Aug 30, 2023, short shares totaled 5.8 million, which was 5.71% higher than short shares on Jul 30, 2023. In addition to Mr. James Bradley Archer as the firm’s CEO, Pres & Non-Independent Director, Mr. Eric T. Kalamaras serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 96.11% of TH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 69.07% of TH, in contrast to 6.00% held by mutual funds. Shares owned by individuals account for 25.83%. As the largest shareholder in TH with 5.28% of the stake, Private Capital Management LLC holds 5,368,629 shares worth 5,368,629. A second-largest stockholder of TH, Conversant Capital LLC, holds 4,281,450 shares, controlling over 4.21% of the firm’s shares. Coastal Bridge Advisors LLC is the third largest shareholder in TH, holding 2,383,641 shares or 2.35% stake. With a 0.69% stake in TH, the iShares Russell 2000 ETF is the largest stakeholder. A total of 699,420 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 0.50% of TH stock, is the second-largest Mutual Fund holder. It holds 512,222 shares valued at 8.14 million. Montlake UCITS Plat. ICAV – Coope holds 0.36% of the stake in TH, owning 362,148 shares worth 5.76 million.
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 Jun 29, 2023, TH reported revenue of $109.65M and operating income of $37.83M. The EBITDA in the recently reported quarter was $52.12M and diluted EPS was $0.24.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TH since 0 analysts follow the stock currently. 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 $23.00 and a low target of $17.00, the average target price over the next 12 months is $19.67. Based on these targets, TH could surge 63.12% to reach the target high and rise by 20.57% to reach the target low. Reaching the average price target will result in a growth of 39.5% 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.
Summary of Insider Activity:
Insiders traded TH stock several times over the past three months with 5 Buys and 11 Sells. In these transactions, 73,675 shares were bought while 82,564 shares were sold. The number of buy transactions has increased to 58 while that of sell transactions has risen to 68 over the past year. The total number of shares bought during that period was 2,590,035 while 3,214,463 shares were sold.
