In a filing, Target Hospitality Corp revealed its Chief Financial Officer Kalamaras Eric unloaded Company’s shares for reported $40598.0 on Oct 10 ’23. In the deal valued at $16.53 per share,2,456 shares were sold. As a result of this transaction, Kalamaras Eric now holds 30,480 shares worth roughly $0.33 million.
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Then, Schrenk Troy C. sold 4,901 shares, generating $80,866 in total proceeds. Upon selling the shares at $16.50, the Chief Commercial Officer now owns 31,323 shares.
Before that, Kalamaras Eric sold 442 shares. Target Hospitality Corp shares valued at $7,293 were divested by the Chief Financial Officer at a price of $16.50 per share. As a result of the transaction, Kalamaras Eric now holds 32,936 shares, worth roughly $0.36 million.
Oppenheimer upgraded its Target Hospitality Corp [TH] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in late May from “a Hold” to “a Buy”. Northland Capital revised its rating on April 01, 2020. It rated TH as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of TH
On Tuesday, Target Hospitality Corp [NASDAQ:TH] saw its stock fall -1.89% to $10.91. Over the last five days, the stock has gained 27.45%. Target Hospitality Corp shares have risen nearly 12.13% since the year began. Nevertheless, the stocks have fallen -30.95% over the past one year. While a 52-week high of $16.80 was reached on 03/26/24, a 52-week low of $8.49 was recorded on 03/11/24. SMA at 50 days reached $9.32, while 200 days put it at $12.15. A total of 1.18 million shares were traded, compared to the trading of 0.53 million shares in the previous session.
Levels Of Support And Resistance For TH Stock
The 24-hour chart illustrates a support level at 10.75, which if violated will result in even more drops to 10.59. On the upside, there is a resistance level at 11.16. A further resistance level may holdings at 11.41. The Relative Strength Index (RSI) on the 14-day chart is 68.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.34%. Stochastics %K at 69.81% indicates the stock is a holding.
How much short interest is there in Target Hospitality Corp?
A steep rise in short interest was recorded in Target Hospitality Corp stocks on Feb 29, 2024, dropping by -0.79 million shares to a total of 2.29 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.08 million shares. There was a decline of -34.5%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 13.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.25.
