JPMorgan Securities LLC has recently announced that it has increased stake in Evolve Transition Infrastructure LP (AMEX:SNMP) by 18.75%. After grabbing 0.59 million shares, the institutional investor is now in possession of 93727.0 shares of the Energy Company. The new investment brought the stake of investor firm to 0.30% having worth around $96183.0. Moreover, Jane Street Capital LLC increased its share by 0.12 million to have a control over 0.12 million shares. And BNP Paribas Arbitrage SNC raised its holdings to 34274.0 shares by acquiring 34274.0 shares or 0.02% of the stake.
Evolve Transition Infrastructure LP (SNMP) concluded trading on 01/11/23 at a closing price of $0.15, with 0.45 million shares of worth about $67596.59999999999 changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -63.07% during that period and on Wednesday the price saw a gain of about 9.99%. Currently the company’s common shares owned by public are about 173.67M shares, out of which, 2.02M shares are available for trading.
Top 5 Undervalued Stocks To Own In 2023
Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.
Click here to download your Free Research Report…
Sponsored
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the SNMP stock and their offered price forecasts bring an average price target of $2.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.00 and could fall to a lowest price of $2.00. However, touching the estimated high of $2.00 would mean a gain of 92.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 104,109,542 shares in 4 of the transactions. In 1 selling transactions, insiders dumped 3,251,136 shares.
The company recently came buying 0.0 shares which brought its stake up to 0.88% of the company’s outstanding shares.
Evolve Transition Infrastructure LP (AMEX: SNMP) started trading at $0.14, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.1499, or with a gain of 9.99%. Stock saw a price change of 7.27% in past 5 days and over the past one month there was a price change of -26.03%. Year-to-date (YTD), SNMP shares are showing a performance of 22.92% which decreased to -71.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.10 but also hit the highest price of $1.25 during that period. The average intraday trading volume for Evolve Transition Infrastructure LP shares is 324.36K. The stock is currently trading -3.25% below its 20-day simple moving average (SMA20), while that difference is down -20.24% for SMA50 and it goes to -60.34% lower than SMA200.
JPMorgan Securities LLC acquired 0.59 million shares of Evolve Transition Infrastructure LP having value of about $96183.0. Data submitted at the U.S SEC by JPMorgan Securities LLC revealed that the firm now holds 93727.0 shares in the company valued at close to $14059.05, or have control over 18.75% stake in the company. Evolve Transition Infrastructure LP (AMEX: SNMP) currently have 173.67M outstanding shares and institutions hold larger chunk of about 87.30% of that. Holding of mutual funds in the company is about 0.88% while other institutional holders and individual stake holders have control over 94.92% and 0.50% of the stake respectively.
The stock has a current market capitalization of $25.62M. It has posted earnings per share of -$1.36 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SNMP, volatility over the week remained 15.86% while standing at 15.58% over the month.
Analysts are in expectations that Evolve Transition Infrastructure LP (SNMP) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.53 in the same quarter a year ago.
Analysts at 1 brokerage firms have issued recommendations for the Evolve Transition Infrastructure LP (SNMP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
