Energy Services of America Corp (ESOA) Reports -58.50% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Energy Services of America Corp (NASDAQ:ESOA) does about 235.45K shares in volume on a normal day but saw 1215083 shares change hands in the recent trading day. The company now has a market cap of 137.91M USD. Its current market price is $8.23, marking a decrease of -16.87% compared to the previous close of $9.90. The 52 week high reached by this stock is $19.83 whilst the lowest price level in 52 weeks is $5.70.

Energy Services of America Corp (ESOA) has a 20-day trading average at $8.95 and the current price is -58.50% off the 52-week high compared with 44.39% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.25 and its 200-day simple moving average is $10.88. If we look at the stock’s price movements over the week, volatility stands at 8.18%, which decreases to 7.16% 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 42.00 to suggest the stock is neutral.

The consensus objective for the share price is $20.00, suggesting that the stock has a potential upside of 58.85% over the period.

The current price level is -8.04%, -11.06%, and -24.38% away from its SMA20, SMA50, and SMA200 respectively, with the ESOA price moving above the 50-day SMA on current market day. Energy Services of America Corp (ESOA) stock is down -8.66% over the week and -6.26% over the past month. Its price is -34.79% year-to-date and 18.42% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $90.3M.

To reach the target analysts have set, the stock logically needs to grow 58.85 percent from here.

Outstanding shares total 16.72M with insiders holding 30.37% of the shares and institutional holders owning 33.29% of the company’s common stock. The company has a return on investment of 21.25% and return on equity of 41.26%. The price to earnings ratio (P/E ratio) amounts to 7.47. The beta has a value of 0.98. Price to book ratio is 2.56 and price to sales ratio is 0.37.