Enservco Corporation (ENSV) shares are trading at lower $0.14 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $0.39 and the low is $0.07. Over the last 52 weeks, ENSV is down -7.71% while the S&P 500 is up 14.46%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, ENSV reported a profit of $-1.19 million. Enservco Corporation also saw revenues decrease to $2.14 million. In addition, ENSV has free cash flow of -$1.19 million as of 06-2020. The company’s EBITDA came in at -$2.55 million which compares well with its peers.
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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. ENSV has a short ratio of 0.65 and outstanding shares of 55.35M.
ENSV has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 5.06 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.28. Enservco Corporation ENSV also noted assets of $32.97 million at the end of the last quarter. Investors should also keep an eye on sector updates as ENSV has historically followed its peers on positive news.
All told, Enservco Corporation ENSV has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ENSV 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.
Enservco Corporation ENSV is now commanding a market cap of 10.17M and a float of 33.95M. ENSV 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 ENSV 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 ENSV, either long or short, and we have not been compensated for this article.