Stay Ahead of Wall Street. Find out what is happening to Enservco Corporation (NYSE:ENSV) stock today? Its price is jumping 0.01 points, trading at $0.23 levels, and is up 4.36% from its previous close of $0.22. The shares seem to have an active trading volume day with a reported 232457 contracts so far this session. ENSV shares had a relatively better volume day versus average trading capacity of 124.31 thousand shares, but with a 46.75 million float and a -12.07% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ENSV stock indicates that the average analyst price target is $1.07 per share. This means the stock has a potential increase of 365.22% from where the ENSV share price has been trading recently which is between $0.22 and $0.24.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Here’s Why Enservco (NYSEMKT:ENSV) Is Weighed Down By Its Debt Load” and dated August 16, 2019.
During the recent trading session for Enservco Corporation (NYSE:ENSV), the company witnessed their stock drop by $-0.02 over a week and tumble down $-0.12 from the price 20 days ago. When compared to their established 52-week high of $0.87, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/28/18. The recent low of $0.21 stood for a -73.67% since 08/28/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.06 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 35.99. 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 16.26% at this stage. This figure means that ENSV share price today is being overbought.
Technical chart claims that Enservco Corporation (ENSV) would settle between $0.24/share to $0.25/share level. However, if the stock price goes below the $0.21 mark, then the market for Enservco Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $0.2 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.01. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
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.
Moving on, ENSV stock price is currently trading at 3.38X forward 12-month Consensus EPS estimates, and its P/E ratio is NA while for the average stock in the same group, the multiple is NA. Enservco Corporation current P/B ratio of NA means it is trading at a premium against its industry’s NA.