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Wednesday, October 21, 2020

U.S. Well Services Inc. (NASDAQ:USWS) is Gaining Momentum on Earnings Catalyst

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U.S. Well Services Inc. (USWS) shares are trading at higher $0.32 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $2.29 and the low is $0.23. Over the last 52 weeks, USWS is down -83.93% while the S&P 500 is up 18.03%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, USWS reported a profit of $10.83 million. U.S. Well Services Inc. also saw revenues increase to $39.84 million. In addition, USWS has free cash flow of -$19.24 million as of 06-2020. The company’s EBITDA came in at -$141.49 million which compares well with its peers.

USWS booked profit margins of -69.90%, its Return on Equity (ROE) is -564.40%, and its Return on Assets is -51.90%. All told, it is clear that, USWS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. USWS has a short ratio of 1.16 and outstanding shares of 65.01M.

Company Outlook

USWS has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -4.34. U.S. Well Services Inc. USWS also noted assets of $338.83 million at the end of the last quarter. Investors should also keep an eye on sector updates as USWS has historically followed its peers on positive news.

All told, U.S. Well Services Inc. USWS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, USWS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

U.S. Well Services Inc. USWS is now commanding a market cap of 23.31M and a float of 36.84M. USWS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of USWS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in USWS, either long or short, and we have not been compensated for this article.

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