As volatility creeps into Mammoth Energy Services, Inc. (NASDAQ:TUSK), investors need to pay close attention to to the factors affecting stock today as its shares are trading 3.55% or 0.22 points down from last closing price of $6.19, reaching $5.97 at last check. The TUSK share price has dropped in 3 of the last 5 days and is down -69.75% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -45,250 shares, and in total 274250 shares valued at $1.637 million were seen changing hands compared with 319500 shares valued at $1.978 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the TUSK stock is near its bottom.
Mammoth Energy Services, Inc. (TUSK) shares have notched a 3-month decline of about -69.75%, but has still tumbled -65.57% year to date. By comparison, the stock sank -83.23% over the past 12 months, while it slipped -57.63% over the 1 month. The company’s market cap is around $271.99M, with its short interest ratio standing at 5.17%.
In the current trading session for TUSK, the stock witnessed two major price actions, it rose to a high of $6.19 and was down as much as $5.93 at one point. The high recorded is very low when compared to their 52-week high which is $5.55. The 52-week high is now at -85.93 distance from current price. Their recent low of $42.3 represents a 7.21% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for TUSK is $24.17, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Mammoth Energy Services, Inc. earned $4.64 per share in the trailing 12 months and has a P/E ratio of 1.29. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 1.8 and lower compared to the sector’s average of 16.04. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. TUSK also has P/S multiple of 0.18. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 2.74x.
The company recorded an interesting insider sale transaction by the Director on Dec 03, 2018. A Securities and Exchanges Commission filings show that Arthur L Smith sold a total of 6,000 TUSK shares that day for a sum of around $149,100. The filings show that the insider now retains 12,235 shares, currently worth $73,043. Mammoth Energy Services, Inc. (TUSK) insiders have acquired 62,958 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded 62,958 shares in the business, which makes up 1.4% of 4,495,484 shares that were traded over a year. In the past 12 months, insiders have purchased 64,507 shares while the seller parted with 4,430,977 shares.
TUSK‘s last price was down -72.05% as compared to the average trading price of 50 days recorded at $21.36 while enlarging the period to 200 trading days, the average closing price was $13.96. At present, there are 43.94 million in the total number of common shares owned by the public and among those 34.95 million shares have been available to trade. The percentage of shares being held by the company management was 22.13% while institutions stake was 81.3%. The company has generated positive returns on equity over the last 12 months (29.3%). It managed to keep its gross profit margin at 34.4% over the past 12 months.
When assessing the full upside of the TUSK stock, there is another set of technicals that should be looked into and considered. Its -42.08% decline from moving average of $10.31 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Mammoth Energy Services, Inc. — 4 analysts rate the stock as a buy with another 0 rating it strong buy. There are 4 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $14.8333 on shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK), which corresponds to 149.72% upside potential than its current market price of $5.97 and implies potential despite the recent drop in the price. However, their current target price has fallen from $21.8 a month ago and is down handily from the consensus target of $34.875 a quarter ago.
Let’s briefly check the hedge fund interest towards TUSK stock. Marshall Wace North America L.P. added position in the company after it grew 36.1% or 4,663 shares of its common stock. The hedge fund now owns 6,346 shares worth $37,886, SEC documents show. Marshall Wace LLP shored up assets in the stock as 123581.6 shares have been purchased, increasing its stake by 47.7% to 182,530 shares which are currently valued at $1,089,704. In addition, Hotchkis & Wiley Capital Management LLC recently reported that it now owns 185,570 shares making a total of $1,107,853 based on the recent price. This refelects a change of 50% in their ownership.