An interesting stock that came up in some of our conversations today is Mammoth Energy Services, Inc. (NASDAQ:TUSK). At current price of $2.23, the shares have already added 0.15 points (7.21% higher) from its previous close of $2.08. Should you buy or avoid them? The stock sets an active trading volume day with a reported 129418 contracts so far this session. TUSK shares had a relatively better volume day versus average trading capacity of 406.67 thousand shares, but with a 34.96 million float and a -7.14% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for TUSK stock indicates that the average analyst price target is $5.97 per share. This means the stock has a potential increase of 167.71% from where the TUSK share price has been trading recently which is between $2.05 and $2.2. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $3.5. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $10.
During the recent trading session for Mammoth Energy Services, Inc. (NASDAQ:TUSK), the company witnessed their stock rise $0.1 over a week and tumble down $-0.96 from the price 20 days ago. When compared to their established 52-week high of $29.4, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/16/18. The recent low of $2 stood for a -92.41% since 09/10/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for TUSK is set at $5, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for Mammoth Energy Services, Inc., the two-week RSI stands at 34.33. This figure suggests that TUSK stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current TUSK readings is similarly very revealing as it has a stochastic reading of 11.68% at this stage. This figure means that TUSK share price today is being overbought.
Technical chart claims that Mammoth Energy Services, Inc. (TUSK) would settle between $2.17/share to $2.26/share level. However, if the stock price goes below the $2.02 mark, then the market for Mammoth Energy Services, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.96 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.05. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Barclays lowered their recommendation on shares of TUSK from Overweight to Equal Weight in their opinion released on September 30. Johnson Rice analysts have lowered their rating of Mammoth Energy Services, Inc. (NASDAQ:TUSK) stock from Buy to Hold in a separate flash note issued to investors on September 11. Analysts at Imperial Capital are sticking to their Outperform stance. However, on August 05, they lifted price target for these shares to $10 from $18.
TUSK equity has an average rating of 2.38, with the figure leaning towards a bullish end. 9 analysts who tracked the company were contacted by Reuters. Amongst them, 6 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 3 analysts rated Mammoth Energy Services, Inc. (NASDAQ:TUSK) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, TUSK stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0.6 while for the average stock in the same group, the multiple is 12.7. Mammoth Energy Services, Inc. current P/B ratio of 0.1 means it is trading at a discount against its industry’s 1.1.