Natural Gas Services Group, Inc. (NGS): A Technical Analysis

Natural Gas Services Group, Inc. (NYSE: NGS) has a higher price-to-earnings ratio of 59.42x compared to its average ratio. NGS has 36-month beta value of 1.18. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for NGS is 9.46M, and currently, short sellers hold a 1.16% ratio of that float. The average trading volume of NGS on April 03, 2024 was 46.21K shares.

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NGS) stock’s latest price update

Natural Gas Services Group, Inc. (NYSE: NGS) has experienced a rise in its stock price by 12.44 compared to its previous closing price of 20.25. However, the company has seen a gain of 17.67% in its stock price over the last five trading days. MarketBeat reported 2024-04-01 that A new commodity cycle is approaching for energy stocks; leading the way in this momentum gauge is the Energy Select Sector SPDR Fund NYSEARCA: XLE. The exchange-traded fund (ETF) outperformed the broader S&P 500 by 2% in the past quarter.

NGS’s Market Performance

NGS’s stock has risen by 17.67% in the past week, with a monthly rise of 32.31% and a quarterly rise of 41.60%. The volatility ratio for the week is 5.84% while the volatility levels for the last 30 days are 4.25% for Natural Gas Services Group, Inc. The simple moving average for the past 20 days is 25.00% for NGS’s stock, with a 67.62% simple moving average for the past 200 days.

Analysts’ Opinion of NGS

Many brokerage firms have already submitted their reports for NGS stocks, with Stifel repeating the rating for NGS by listing it as a “Buy.” The predicted price for NGS in the upcoming period, according to Stifel is $18 based on the research report published on December 20, 2023 of the previous year 2023.

Maxim Group, on the other hand, stated in their research note that they expect to see NGS reach a price target of $18, previously predicting the price at $24. The rating they have provided for NGS stocks is “Buy” according to the report published on August 07th, 2019.

Maxim Group gave a rating of “Buy” to NGS, setting the target price at $24 in the report published on January 25th of the previous year.

NGS Trading at 38.09% from the 50-Day Moving Average

After a stumble in the market that brought NGS to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 11.86% of gains for the given period.

Volatility was left at 4.25%, however, over the last 30 days, the volatility rate increased by 5.84%, as shares surge +28.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.27% upper at present.

During the last 5 trading sessions, NGS rose by +17.67%, which changed the moving average for the period of 200-days by +129.77% in comparison to the 20-day moving average, which settled at $18.47. In addition, Natural Gas Services Group, Inc. saw 41.60% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for NGS

Current profitability levels for the company are sitting at:

  • 0.16 for the present operating margin
  • 0.27 for the gross margin

The net margin for Natural Gas Services Group, Inc. stands at 0.03. The total capital return value is set at 0.04. Equity return is now at value 2.04, with 1.13 for asset returns.

Currently, EBITDA for the company is 25.34 million with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 2.31. The receivables turnover for the company is 3.09for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.

Conclusion

To put it simply, Natural Gas Services Group, Inc. (NGS) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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