Wall Street Analyst Downgrade Target Hospitality Corp [TH]. What else is Wall St. saying

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Target Hospitality Corp [NASDAQ: TH] closed the trading session at $7.20.

The stocks have a year to date performance of -26.05 percent and weekly performance of -36.72 percent. The stock has been moved at -33.93 percent over the last six months. The stock has performed -37.81 percent around the most recent 30 days and changed -15.75 percent over the most recent 3-months.

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If compared to the average trading volume of 584.19K shares, TH reached to a volume of 9203297 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 Target Hospitality Corp [TH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TH shares is $9.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TH stock is a recommendation set at 3.00. 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.

Stifel have made an estimate for Target Hospitality Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 12, 2024. The new note on the price target was released on June 23, 2021, representing the official price target for Target Hospitality Corp stock. Previously, the target price had yet another raise from $3 to $4.50, while Stifel kept a Buy rating on TH stock.

The Average True Range (ATR) for Target Hospitality Corp is set at 0.57, with the Price to Sales ratio for TH stock in the period of the last 12 months amounting to 1.38. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 1.24. Price to Free Cash Flow for TH in the course of the last twelve months was 5.20 with Quick ratio for the last quarter at 2.78.

TH stock trade performance evaluation

Target Hospitality Corp [TH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -36.72. With this latest performance, TH shares dropped by -37.81% in over the last four-week period, additionally sinking by -33.93% over the last 6 months – not to mention a drop of -55.61% 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 TH stock in for the last two-week period is set at 11.71, with the RSI for the last a single of trading hit 6.72, and the three-weeks RSI is set at 17.55 for Target Hospitality Corp [TH]. The present Moving Average for the last 50 days of trading for this stock 11.07, while it was recorded at 10.31 for the last single week of trading, and 11.47 for the last 200 days.

Target Hospitality Corp [TH]: An insightful look at the core fundamentals

Target Hospitality Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.78 and a Current Ratio set at 2.78.

Earnings per share (EPS) analysis for Target Hospitality Corp [TH] stock

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 TH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Target Hospitality Corp go to 15.00%.

Target Hospitality Corp [TH]: Institutional Ownership

The top three institutional holders of TH stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TH stock with ownership which is approximately 5.8386%.

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