Nesco Holdings Inc. [NYSE: NSCO] closed the trading session at $6.00 on 12/03/20. The day’s price range saw the stock hit a low of $5.53, while the highest price level was $7.97. The company report on December 3, 2020 that Nesco Holdings To Acquire Custom Truck One Source And Create Leading Specialty Rental Equipment Company In Partnership With Platinum Equity.
Transformative transaction resulting in greater scale and enhanced depth and breadth of products and services to better serve highly attractive infrastructure-related end-market customers.
Platinum Equity, the premier financial sponsor in the specialty rental equipment industry, has committed to invest over $850 million in Nesco and will hold a majority interest in the combined company.
The stocks have a year to date performance of 45.99 percent and weekly performance of 29.03 percent. The stock has been moved at 96.72 percent over the last six months. The stock has performed 41.84 percent around the most recent 30 days and changed 52.28 percent over the most recent 3-months.
If compared to the average trading volume of 41.90K shares, NSCO reached to a volume of 26893135 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Nesco Holdings Inc. [NSCO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NSCO shares is $6.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NSCO stock is a recommendation set at 1.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Colliers Securities have made an estimate for Nesco Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 30, 2020.
The Average True Range (ATR) for Nesco Holdings Inc. is set at 0.44, with the Price to Sales ratio for NSCO stock in the period of the last 12 months amounting to 0.99. Price to Free Cash Flow for NSCO in the course of the last twelve months was 8.12 with Quick ratio for the last quarter at 1.60.
NSCO stock trade performance evaluation
Nesco Holdings Inc. [NSCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.03. With this latest performance, NSCO shares gained by 41.84% in over the last four-week period, additionally plugging by 96.72% over the last 6 months – not to mention a rise of 100.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NSCO stock in for the last two-week period is set at 79.06, with the RSI for the last a single of trading hit 82.95, and the three-weeks RSI is set at 74.79 for Nesco Holdings Inc. [NSCO]. The present Moving Average for the last 50 days of trading for this stock 4.36, while it was recorded at 4.82 for the last single week of trading, and 3.57 for the last 200 days.
Nesco Holdings Inc. [NSCO]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Nesco Holdings Inc. [NSCO] shares currently have an operating margin of +16.78 and a Gross Margin at +31.60. Nesco Holdings Inc.’s Net Margin is presently recorded at -10.25.
Return on Total Capital for NSCO is now 7.88, given the latest momentum, and Return on Invested Capital for the company is -4.84. Return on Equity for this stock declined to -14.17, with Return on Assets sitting at -4.42. Additionally, NSCO Total Debt to Total Capital is recorded at 101.66, with Total Debt to Total Assets ending up at 91.06.
Reflecting on the efficiency of the workforce at the company, Nesco Holdings Inc. [NSCO] managed to generate an average of -$67,630 per employee. Receivables Turnover for the company is 7.40 with a Total Asset Turnover recorded at a value of 0.43.Nesco Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.30.
Earnings per share (EPS) analysis for Nesco Holdings Inc. [NSCO] stock
With the latest financial reports released by the company, Nesco Holdings Inc. posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -25.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NSCO.
Nesco Holdings Inc. [NSCO]: Insider Ownership positions
There are presently around $162 million, or 76.20% of NSCO stock, in the hands of institutional investors. The top three institutional holders of NSCO stocks are: ECP CONTROLCO, LLC with ownership of 25,738,988, which is approximately 0% of the company’s market cap and around 0.40% of the total institutional ownership; BROWN ADVISORY INC, holding 3,372,451 shares of the stock with an approximate value of $14.67 million in NSCO stocks shares; and ALYESKA INVESTMENT GROUP, L.P., currently with $8.73 million in NSCO stock with ownership of nearly 14.628% of the company’s market capitalization.
Positions in Nesco Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 20 institutional holders increased their position in Nesco Holdings Inc. [NYSE:NSCO] by around 769,385 shares. Additionally, 21 investors decreased positions by around 1,479,674 shares, while 13 investors held positions by with 34,977,193 shares. The mentioned changes placed institutional holdings at 37,226,252 shares, according to the latest SEC report filing. NSCO stock had 5 new institutional investments in for a total of 67,088 shares, while 4 institutional investors sold positions of 1,050,521 shares during the same period.