Torchlight Energy Resources Inc. (NASDAQ:TRCH) went down by -3.70% from its latest closing price compared to the recent 1-year high of $4.83. The company’s stock price has collected 38.05% of gains in the last five trading sessions. Press Release reported on 02/16/21 that Torchlight Senior Secured Lender Converts Remaining $1.5 Million of Senior Debt
Is It Worth Investing in Torchlight Energy Resources Inc. (NASDAQ :TRCH) Right Now?
Plus, the 36-month beta value for TRCH is at 2.47. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for Torchlight Energy Resources Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $2.70. TRCH currently public float of 81.66M and currently shorts hold a 7.00% ratio of that float. Today, the average trading volume of TRCH was 21.67M shares.
TRCH’s Market Performance
TRCH stocks went up by 38.05% for the week, with a monthly jump of 115.17% and a quarterly performance of 1014.29%, while its annual performance rate touched 403.23%. The volatility ratio for the week stands at 22.45% while the volatility levels for the past 30 days are set at 20.20% for Torchlight Energy Resources Inc.. The simple moving average for the period of the last 20 days is 46.26% for TRCH stocks with a simple moving average of 431.86% for the last 200 days.
TRCH Trading at 129.14% from the 50-Day Moving Average
After a stumble in the market that brought TRCH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.40% of loss for the given period.
Volatility was left at 20.20%, however, over the last 30 days, the volatility rate increased by 22.45%, as shares surge +86.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +365.67% upper at present.
During the last 5 trading sessions, TRCH rose by +38.05%, which changed the moving average for the period of 200-days by +634.12% in comparison to the 20-day moving average, which settled at $2.21. In addition, Torchlight Energy Resources Inc. saw 345.71% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at TRCH starting from McCabe Greg, who purchase 1,630,434 shares at the price of $0.46 back on Dec 18. After this action, McCabe Greg now owns 11,894,769 shares of Torchlight Energy Resources Inc., valued at $750,000 using the latest closing price.
Stock Fundamentals for TRCH
Current profitability levels for the company are sitting at:
- -987.84 for the present operating margin
- -549.17 for the gross margin
The net margin for Torchlight Energy Resources Inc. stands at -1318.49. The total capital return value is set at -19.98, while invested capital returns managed to touch -31.32. Equity return is now at value -90.90, with -38.20 for asset returns.
Based on Torchlight Energy Resources Inc. (TRCH), the company’s capital structure generated 151.66 points at debt to equity in total, while total debt to capital is 60.26. Total debt to assets is 55.83, with long-term debt to equity ratio resting at 78.80. Finally, the long-term debt to capital ratio is 31.31.
When we switch over and look at the enterprise to sales, we see a ratio of 104.72, with the company’s debt to enterprise value settled at 0.29. The receivables turnover for the company is 1.46 and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.