Target Hospitality Corp (NASDAQ: TH) has experienced a rise in its stock price by 6.84 compared to its previous closing price of 9.21. However, the company has seen a gain of 21.48% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-12 that Target Hospitality Corp. (NASDAQ:TH ) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Mark Schuck – SVP, IR Brad Archer – President and CEO Jason Vlacich – CFO and Chief Accounting Officer Conference Call Participants Alec Scheibelhoffer – Stifel Operator Good morning, ladies and gentlemen. And welcome to the Target Hospitality Third Quarter 2024 Earnings Conference Call.
Is It Worth Investing in Target Hospitality Corp (NASDAQ: TH) Right Now?
The price-to-earnings ratio for Target Hospitality Corp (NASDAQ: TH) is 8.89x, which is above its average ratio. Moreover, the 36-month beta value for TH is 2.16. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for TH is 31.77M and currently, short sellers hold a 5.22% of that float. On November 13, 2024, TH’s average trading volume was 397.50K shares.
TH’s Market Performance
TH’s stock has seen a 21.48% increase for the week, with a 28.46% rise in the past month and a -2.57% fall in the past quarter. The volatility ratio for the week is 5.71%, and the volatility levels for the past 30 days are at 3.72% for Target Hospitality Corp The simple moving average for the last 20 days is 24.32% for TH’s stock, with a simple moving average of 4.00% for the last 200 days.
Analysts’ Opinion of TH
Many brokerage firms have already submitted their reports for TH stocks, with Stifel repeating the rating for TH by listing it as a “Hold.” The predicted price for TH in the upcoming period, according to Stifel is $12 based on the research report published on April 12, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see TH reach a price target of $6. The rating they have provided for TH stocks is “Outperform” according to the report published on June 23rd, 2021.
Stifel gave a rating of “Buy” to TH, setting the target price at $4.50 in the report published on May 27th of the previous year.
TH Trading at 17.23% from the 50-Day Moving Average
After a stumble in the market that brought TH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.17% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 5.71%, as shares surge +29.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.61% upper at present.
During the last 5 trading sessions, TH rose by +21.48%, which changed the moving average for the period of 200-days by +1.55% in comparison to the 20-day moving average, which settled at $7.91. In addition, Target Hospitality Corp saw 1.13% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TH
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.49 for the gross margin
The net margin for Target Hospitality Corp stands at 0.25. The total capital return value is set at 0.39. Equity return is now at value 33.44, with 16.87 for asset returns.
Based on Target Hospitality Corp (TH), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 8.05.
Currently, EBITDA for the company is 337.08 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 2.15. The receivables turnover for the company is 9.84for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To wrap up, the performance of Target Hospitality Corp (TH) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
