Hermitage Offshore Services Ltd. (NYSE:PSV) does about 5.17M shares in volume on a normal day but saw 152960998 shares change hands in Monday trading. The company now has a market cap of 26.37M USD and an enterprise value of about $148.72M. Its current market price is $1.16, marking an increase of 50.59% compared to the previous close of $0.77. The 52 week high reached by this stock is $3.05 whilst the lowest price level in 52 weeks is $0.31. The script in recent trading has seen the stock touch a high of $1.49 and a low of $0.645.
Hermitage Offshore Services Ltd. (PSV) has a 20-day trading average at $0.6103 and the current price is -61.97% off the 52-week high compared with 274.19% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7386 and its 200-day simple moving average is $0.8338. If we look at the stock’s price movements over the week, volatility stands at 96.34%, which decreases to 35.25% 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 70.59 to suggest the stock is overbought.
1 analysts observing the Hermitage Offshore Services Ltd. (PSV) stock have set the 12-month price targets for the company’s shares at between $6.00 and $6.00. The median price target is 80.67% away from the current levels at $6.00.
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 June 30, 2020 when BTIG Research downgraded the stock to “Neutral” and issued a price target of .
The current price level is 95.73%, 58.82%, and 39.50% away from its SMA20, SMA50, and SMA200 respectively, with the PSV price moving below the 50-day SMA on August 31. Hermitage Offshore Services Ltd. (PSV) stock is up 214.79% over the week and 63.36% over the past month. Its price is 14.03% year-to-date and -25.16% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2019, with the company’s earnings per share (EPS) of -$0.2 below consensus estimates by -$0.07. The company’s next earnings report is expected on 07/30/2020. Expected sales for next quarter are $12.79 million, which analysts say will come at $41.81 million for the current fiscal year and next year at $69.55 million. In addition, estimates put the company’s current quarterly revenue at an average of $11.75 million.
Its 12-month price target is $6.00. 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 $6.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $6.00.
Outstanding shares total 27.34M with insiders holding 73.19% of the shares and institutional holders owning 16.27% of the company’s common stock. The company has a return on investment of -5.10% and return on equity of -36.60%. The beta has a value of 0.93. Price to book ratio is 0.63 and price to sales ratio is 0.55.
According to a U.S. Securities and Exchange Commission filing, IG Mackenzie Core US Equity Fund has added its position in Hermitage Offshore Services Ltd. (PSV) to 3,474,604 shares, mirroring a recent increase by 114.57%. IG Mackenzie Core US Equity Fund added 1.86 million shares of Hermitage Offshore Services Ltd. common stock bringing its total worth to about $2.47 million at the end of recent close, SEC documents show. IG Mackenzie Core US Equity Fund isn’t the only investment manager who changed stakes and is followed by IG Mackenzie Mutual of Canada, which added 0.29 million shares to end up with 448,827 shares worth $0.32 million. 1290 VT Micro Cap Portfolio cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.00% position in Hermitage Offshore Services Ltd. thanks to 672.0 shares amounting to $477.0.