Enservco Corporation (NYSE:ENSV) is one of the stocks that are grabbing investor focus today: skyrocketing 7.56% or (0.01 points) to $0.21 from its previous close of $0.2. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 97621 contracts so far this session. ENSV shares had a relatively better volume day versus average trading capacity of 178.48 thousand shares, but with a 46.7 million float and a -5.44% run over a week, it’s definitely worth keeping an eye on. ENSV share price has been trading recently between $0.19 and $0.2.
During the recent trading session for Enservco Corporation (NYSE:ENSV), the company witnessed their stock rise $0.03 over a week and surge $0.05 from the price 20 days ago. When compared to their established 52-week high of $0.72, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/16/19. The recent low of $0.14 stood for a -70.54% since 01/11/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.22 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is less volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Enservco Corporation, the two-week RSI stands at 61.13. This figure suggests that ENSV 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 ENSV readings is similarly very revealing as it has a stochastic reading of 62.57% at this stage. This figure means that ENSV share price today is being neutral.
Technical chart claims that Enservco Corporation (ENSV) would settle between $0.2/share to $0.21/share level. However, if the stock price goes below the $0.19 mark, then the market for Enservco Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $0.19 for its downside target.
Analysts at Northland Capital lifted target price for shares of ENSV but were stick to Outperform recommendation for the stock in their opinion released on November 13. The price target has been raised from $2 to $1.25. Northland Capital analysts again handed out a Outperform recommendation to Enservco Corporation (NYSE:ENSV) stock but they lifted target price for the shares in a flash note issued to investors on March 19. The target price has been raised from $4 to $2.75. Analysts at Northland Capital, made their first call for the equity with a Outperform recommendation, according to a research note that dated back to September 08.
ENSV equity has an average rating of 1.8, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 2 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. 2 analysts rated Enservco Corporation (NYSE:ENSV) 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.