Enservco Corp (AMEX:ENSV) shares, rose in value, with the stock price up by 25.05% to the previous day’s close as strong demand from buyers drove the stock to $0.29.
Actively observing the price movement in the last trading, the stock closed the session at $0.23. Referring to stock’s 52-week performance, its high was $0.58, and the low was $0.17. On the whole, ENSV has fluctuated by 47.21% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.02, which is expected to increase to -$0.09 for fiscal year -$0.19 and then to about $0 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $8.45 million, with a low estimate of $8.45 million and a high estimate of $8.45 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $24 million, representing an increase of 8.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ENSV’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ENSV currently trading nearly 41.63% and 41.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.81, while the 7-day volatility ratio is showing 19.67% which for the 30-day chart, stands at 11.97%. Furthermore, Enservco Corp (ENSV)’s beta value is 1.03, and its average true range (ATR) is 0.03.
A comparison of Enservco Corp (ENSV) with its peers suggests the former has fared considerably weaker in the market. ENSV showed an intraday change of 25.05% in last session, and over the past year, it shrunk by -49.12%%.
Data on historical trading for Enservco Corp (AMEX:ENSV) indicates that the trading volumes over the past 10 days have averaged 1.01 million and over the past 3 months, they’ve averaged 506.90K. According to company’s latest data on outstanding shares, there are 26.59 million shares outstanding.
Nearly 6.61% of Enservco Corp’s shares belong to company insiders and institutional investors own 19.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.33 million shares as on Mar 15, 2024, resulting in a short ratio of 1.57. According to the data, the short interest in Enservco Corp (ENSV) stood at 1.23% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.17 million. The stock has risen by 15.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ENSV stock heading into the next quarter.
