Torchlight Energy Resources Inc. (NASDAQ:TRCH) does about 969.58K shares in volume on a normal day but saw 1651605 shares change hands in Friday trading. The company now has a market cap of 29.20M USD and an enterprise value of about $45.65M. Its current market price is $0.31, marking an increase of 3.23% compared to the previous close of $0.30. The 52 week high reached by this stock is $1.39 whilst the lowest price level in 52 weeks is $0.28. The script in recent trading has seen the stock touch a high of $0.3096 and a low of $0.291.
Torchlight Energy Resources Inc. (TRCH) has a 20-day trading average at $0.3154 and the current price is -77.91% off the 52-week high compared with 8.06% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3443 and its 200-day simple moving average is $0.5215. If we look at the stock’s price movements over the week, volatility stands at 7.04%, which increases to 8.42% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.88 to suggest the stock is neutral.
1 analysts observing the Torchlight Energy Resources Inc. (TRCH) stock have set the 12-month price targets for the company’s shares at between $2.70 and $2.70. The median price target is 88.52% away from the current levels at $2.70.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 13, 2020 when ROTH Capital downgraded the stock to “Neutral” and issued a price target of.
The current price level is -3.26%, -11.27%, and -41.41% away from its SMA20, SMA50, and SMA200 respectively, with the TRCH price moving above the 50-day SMA on August 21. Torchlight Energy Resources Inc. (TRCH) stock is down -0.58% over the week and -15.89% over the past month. Its price is -59.62% year-to-date and -77.26% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2019, with the company’s earnings per share (EPS) of -$0.09 below consensus estimates by -$0.08. The company’s next earnings report is expected on 08/24/2020. In addition, estimates put the company’s current quarterly revenue at an average of $85k.
Its 12-month price target is $2.70. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.70, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $2.70.
Outstanding shares total 84.86M with insiders holding 25.45% of the shares and institutional holders owning 7.93% of the company’s common stock. The company has a return on investment of -23.30% and return on equity of -87.50%. The beta has a value of 2.19. Price to book ratio is 1.62 and price to sales ratio is 97.33.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Torchlight Energy Resources Inc. (TRCH) to 1,284,189 shares, mirroring a recent drop by 0.00%. Vanguard Total Stock Market Index dumped 0.0 shares of Torchlight Energy Resources Inc. common stock bringing its total worth to about $0.41 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which sold off 0.0 shares to end up with 631,684 shares worth $0.2 million. Fidelity Extended Market Index Fu cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.22% position in Torchlight Energy Resources Inc. thanks to 0.22 million shares amounting to $69256.0.