Torchlight Energy Resources, Inc. (NASDAQ:TRCH) is offering a substantial bargain with a P/S ratio at 78.06. The broad Oil & Gas Drilling & Exploration industry has an average P/S ratio of 81.54, which represents premium over the sector’s 10.25. In the past 10-year record, this ratio went down as low as 1.01 and as high as 1975. Also, it is down from 99.99% of the total 402 rivals across the globe.
TRCH traded at an unexpectedly low level on 03/14/2019 when the stock experienced a -1.27% loss to a closing price of $1.56. The company saw 0.4 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 316.91 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 12.18% move, based on the high target price ($1.75) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $1.6 price target, but the stock is already up 193.23% from its recent lows. However, the stock is trading at -21.21% versus recent highs ($1.98). Analysts believe that we could see stock price minimum in the $1.45 range (lowest target price), allowing for another -7.05% drop from its current position. Leading up to this report, we have seen a 32.2% rise in the stock price over the last 30 days and a 147.58% increase over the past 3 months. Overall, the share price is up 176.45% so far this year. Additionally, the stock had a day price range of $1.54 to $1.6132.Torchlight Energy Resources, Inc. (TRCH) Price Potential
Heading into the stock price potential, Torchlight Energy Resources, Inc. needs to grow just 2.56% to cross its median price target of $1.6. In order to determine directional movement, the 50-day and 200-day moving averages for Torchlight Energy Resources, Inc. (NASDAQ:TRCH) are $1.2594 and $0.9495. Given that liquidity is king in the short-term, TRCH is a stock with 62.35 million shares outstanding that normally trades 4.51% of its float. The stock price recently experienced a 5-day gain of 28.93% with 0.14 average true range (ATR). TRCH has a beta of 1.88 and RSI is 59.59.
Investors also need to beware of the FGL Holdings (NYSE:FG) valuations. The stock trades on a P/S of 2.56, which suggests that the shares are not attractive compared with peers. The broad Life Insurance industry has an average P/S ratio of 1.24, which is significantly better than the sector’s 10.69. In the past 3-year record, this ratio went down as low as 0.46 and as high as 2.57. Also, it is down from 99.99% of the total 85 rivals across the globe.FGL Holdings (FG)’s Lead Over its Technicals
FGL Holdings by far traveled 44.69% versus a 1-year low price of $5.93. The share price was last seen 1.18% higher, reaching at $8.58 on Mar. 14, 2019. At recent session, the prices were hovering between $8.4 and $8.605. This company shares are 10.72% off its target price of $9.5 and the current market capitalization stands at $1.92B. The recent change has given its price a 9.48% lead over SMA 50 and -20.11% deficit over its 52-week high. The stock witnessed 9.02% gains, 30.79% gains and -3.27% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FG’s volatility during a week at 1.76% and during a month it has been found around 2.23%.FGL Holdings (NYSE:FG) Intraday Metrics
FGL Holdings (FG) exchanged hands at an unexpectedly low level of 5.32 million shares over the course of the day. Noting its average daily volume at 961.74 million shares each day over the month, this signifies a pretty significant change over the norm.