Target Hospitality Corp (NASDAQ:TH) currently has a daily average trading volume of 430.52K but it saw 413045 shares traded in last market. With a market cap of 821.21M USD, the company’s current market price of $8.30 came falling about -0.60 while comparing to the previous closing price of $8.35. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.84 and as low as $6.11. In the recent trading on the day, stock has struck highest price mark of $8.2 while lowest mark touched by it was $8.635.
Taking a look at 20-day trading activity of Target Hospitality Corp (TH) gives us an average price of $8.59, while its current price level is -29.90% below from 52-week high level whereas it is 35.84% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.15 while that of 200 days or SMA-200 reads an average of $9.42. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.18% during that period while stretching the period over a month that increases to 5.53%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.92 which implies that the stock is in neutral territory.
Stifel downgraded its recommendation for the stock as a “Hold” from “Buy” on April 12, 2024 while assigning a price target range of $13-$12. Oppenheimer issued its recommendations for the stock as it upgraded the price target for the stock is $6.
Over the week, TH’s stock price is moving -3.38% down while it is 10.08% when we observe its performance for the past one month. Year-to-date it is -14.70% down and over the past year, the stock is showing a downside performance of -23.64%.
Currently, Target Hospitality Corp’s total number of outstanding shares is 101.66M. Company’s return on investment (ROI) stands at 21.04% and return on equity (ROE) at 23.64%. It has a price to earnings ratio (P/E ratio) of 9.53 while having a 19.92 of forward P/E ratio. Stock’s beta reads 2.13. Stock has a price to book (P/B) ratio of 1.99 while price to sale or P/S ratio amounts to 1.92. Its return on asset (ROA) is 12.71% on average.
