Overall market sentiment has been down on Target Hospitality Corp (TH) stock lately. TH receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With TH Stock Today?
Target Hospitality Corp (TH) stock is trading at $3.37 as of 10:17 AM on Thursday, Apr 15, a gain of $0.14, or 4.32% from the previous closing price of $3.23. The stock has traded between $3.22 and $3.40 so far today. Volume today is light. So far 94,020 shares have traded compared to average volume of 1,982,770 shares.
To see the top 5 stocks in the Oil & Gas Equipment & Services industry click here.
More About Target Hospitality Corp
Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Target Hospitality serves clients in the oil, gas, mining, alternative energy, government, and immigration sectors. Its operating segment includes Permian Basin; Bakken Basin; Government; TCPL Keystone and others. It generates a majority of its revenue from the Permian Basin which consists of specialty rental and vertically integrated hospitality services revenue from customers in the oil and gas industry.
Click Here to get the full Stock Score Report on Target Hospitality Corp (TH) Stock.
