Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Target Hospitality Corp shares valued at $40,598 were sold by Kalamaras Eric on Oct 10 ’23. At $16.53 per share, Kalamaras Eric sold 2,456 shares. The insider’s holdings dropped to 30,480 shares worth approximately $0.33 million following the completion of this transaction.
Also, Schrenk Troy C. sold 4,901 shares, netting a total of over 80,866 in proceeds. Following the sale of shares at $16.50 each, the insider now holds 31,323 shares.
Before that, Kalamaras Eric had sold 442 shares from its account. In a trade valued at $7,293, the Chief Financial Officer traded Target Hospitality Corp shares for $16.50 each. Upon closing the transaction, the insider’s holdings decreased to 442 shares, worth approximately $0.36 million.
As published in a research note from Oppenheimer on June 23, 2021, Target Hospitality Corp [TH] has been rated up from a Perform to an Outperform and the price target has been revised to $6. Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late May. Earlier on April 01, 2020, Northland Capital downgraded its rating. Their new recommendation was “a Market perform” for TH stock which previously was a “an Outperform”.
Analyzing TH Stock Performance
During the last five days, there has been a drop of approximately -0.46%. Over the course of the year, Target Hospitality Corp shares have jumped approximately 12.13%. Shares of the company reached a 52-week high of $11.25 on 03/26/24 and a 52-week low of $8.49 on 03/11/24. A 50-day SMA is recorded $9.51, while a 200-day SMA reached $12.02. Nevertheless, trading volume fell to 0.62 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Target Hospitality Corp (TH)
According to the 24-hour chart, there is a support level at 10.72, which, if violated, would cause prices to drop to 10.54. In the upper region, resistance lies at 11.12. The next price resistance is at 11.34. RSI (Relative Strength Index) is 66.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 12.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Target Hospitality Corp subject to short interest?
Stocks of Target Hospitality Corp saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.6 million shares to 1.99 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.59 million shares. A decline of -30.15% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.71 of the overall float, the days-to-cover ratio (short ratio) decline to 3.71.
