Earnings from Mastech Digital Inc. [MHH] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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MHH Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.28 per share on revenue of $50.08M. Taking a look at the future, the company is projected to report revenue of $52.62M at an earnings per share of $0.31 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 14.30% in revenue and 19.38% in earnings per share for the company.
MHH Stock Earnings Forecast For The Current Year
For the full financial year, Mastech Digital Inc. [AMEX:MHH] is forecasted to generate revenue of $216.95M. The figure is about $22.85 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.29 in 2021, which is $0.13 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 11.20% this year, 19.40% next year, and 18.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 11.80% in current fiscal year and 14.30% over following year.
MHH Stock Price Performance
At the close of Tuesday’s session, Mastech Digital Inc. [AMEX:MHH] finished down -0.42% at $16.72. The stock’s highest single-day price was $17.28, and its lowest was $16.72. Its price fall -0.65% in the last five days. Since the beginning of the year, Mastech Digital Inc.’s shares are up nearly 5.16%. However, the share price is -44.23% below its one year high. The top price reached by the shares of the company was $19.50 on 02/09/21, while the 52-week low came on 01/04/21, when the shares were $15.33. In the past year, shares of the company have risen 27.54%. At 50 days, the moving average achieved is $17.14 while at 200 days, the moving average is $18.39. There were 40170.0 shares traded in the last session, up from 12300.0 in the previous session.
Mastech Digital Inc. [AMEX:MHH] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 20.19, Mastech Digital Inc. [MHH] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 22.98 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.97 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.25 for the industry, which means MHH offers an attractive investment opportunity than its competitors do.
MHH Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 16.72 level, and the violation of this level will cause a further drop to 16.53 level. At the upper end, 17.65 remains a key resistance. As the stock increases, it may find resistance at 17.47. In the 14-day chart, the Relative Strength Index standing at 44.11 suggests a technical neutral stance while the MACD standing at -0.26 indicates price will decrease in the next trading period. Stochastic %K at 25.67% suggests holding the stock while Percent R indicator at 79.34% suggests bearish price movement.
How much is the short interest in Mastech Digital Inc.?
There have been a drop in short interest in the Mastech Digital Inc. Financial stock, with short interest up by 9610.0 shares to 87520.0 shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 97130.0 shares. This -10.98% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 3.09% of the overall float in the stock, while the stock’s days to cover moved to 2.75.
How do analysts view Mastech Digital Inc.?
In regard to the share price forecast for Mastech Digital Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $31.00 in the next twelve months, representing almost an 46.06% growth from its recent price of $16.72. Among Mastech Digital Inc. stock projections, $31.00 is the highest analyst target for the stock, while $31.00 is the lowest. Despite this, 1 analysts who share their consensus rating for MHH in 2021 agree that the stock is a Buy.