Mammoth Energy Services, Inc. (NASDAQ:TUSK) is one of the stocks that are taking the center stage today as the company shares are trading 6.87% or 0.11 points higher from last closing price of $1.6, reaching $1.71 at last check. So what’s going on with TUSK shares anyway? The price is gaining for the fifth day in a row and has risen in 2 of the last 5 days and is down -64.44% over the past week. It will be exciting to see whether the stock manages to continue increasing 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 -259,094 shares, and in total 102206 shares valued at $174772 were seen changing hands compared with 361300 shares valued at $578080 recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in TUSK stock for the next couple of days.
Mammoth Energy Services, Inc. (TUSK) shares have notched a 3-month decline of about -64.44%, but has still tumbled -91.1% year to date. By comparison, the stock sank -93.84% over the past 12 months, while it slipped -26.94% over the 1 month. The company’s market cap is around $72.05M, with its short interest ratio standing at 5.9%.
In the current trading session for TUSK, the stock witnessed two major price actions, it rose to a high of $1.74 and was down as much as $1.62 at one point. The high recorded is very low when compared to their 52-week high which is $1.6. The 52-week high is now at -93.88 distance from current price. Their recent low of $28.27 represents a 8.12% 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 $5.64, 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 $3.45 per share in the trailing 12 months and has a P/E ratio of 0.5. 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 55.65 and lower compared to the sector’s average of 16.8. 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 0.07. 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 0.26x.
TUSK‘s last price was down -84.4% as compared to the average trading price of 50 days recorded at $10.96 while enlarging the period to 200 trading days, the average closing price was $2.65. At present, there are 45.03 million in the total number of common shares owned by the public and among those 34.96 million shares have been available to trade. The percentage of shares being held by the company management was 0.2% while institutions stake was 76.6%. The company has generated positive returns on equity over the last 12 months (20.8%). It managed to keep its gross profit margin at 29% 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 -12.63% decline from moving average of $1.96 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. — 2 analysts rate the stock as a buy with another 0 rating it strong buy. There are 6 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 $6.58 on shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK), which corresponds to 311.46% upside potential than its current market price of $1.71 and implies potential despite the recent advance in the price. However, their current target price has fallen from $6.58 a month ago and is down handily from the consensus target of $13.43 a quarter ago.
Let’s briefly check the hedge fund interest towards TUSK stock. Hancock Whitney Corp trimmed position in the company after it dumped -22.4% or 30,973 shares of its common stock. The hedge fund now owns 24,035 shares worth $41,100, SEC documents show. NJ State Employees Deferred Compensation Plan cut assets in the stock as 48000 shares have been sold, reducing its stake by -50% to 24,000 shares which are currently valued at $41,040. In addition, Meeder Asset Management Inc. recently reported that it now owns 15,140 shares making a total of $25,889 based on the recent price. This refelects a change of 87% in their ownership.