Shares of TheStreet, Inc. (TST) have dropped -15.6% since the company’s last earnings report. Over the past 12 fiscal quarters, TheStreet, Inc. (NASDAQ:TST) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 2 quarters (16%), whereas at 3 occasion EPS met analyst expectations. Revenue for the recent quarter stood at $13.01 million, down -15% on last year and below the $13.42 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $13.42 million to $14.1 million, which should be compared with $17.08 million generated last year. EPS is seen in a range of -$0.03 to -$0.01, against the $0.01 reported a year ago.
TST’s 50 day simple moving average (SMA 50) price is $1.95 and its 200-day simple moving average (SMA 200) price is $1.94. The company’s stock currently has a total float of 41.42M shares. Its weekly volatility is hovering around 7.88% and felt 6.56% volatility in price over a month. On the upside, the share price will test short term resistance at around $2.25. On a downside, the stock is likely to find some support, which begins at $1.88. The failure to get near-term support could push it to $1.71.
Separately, it has been reported that multiple insider activity took place at TheStreet, Inc. (TST). 10% Owner Hoag Jay C sold 1,755,000 shares for $4,397,377 in transaction occurred on 2018/10/18. After making this transaction, the 10% Owner owns a direct stake of 3,510,000 shares, worth $9,058,597, as per the last closing price. On 2017/12/01 Zacharias Stephen, Director at TST, purchased 20,000 shares at an average price of $1.4 per share. The new stake is valued at $592,225.
Director, Kramer Lawrence S had invested in 10,000 shares for $670,504 through a trade on 2017/11/29. Following this activity, the insider holds 13,700 shares worth $1,381,238 as of recent close. Wall Street’s most bullish TheStreet, Inc. (NASDAQ:TST) analysts are predicting the share price to blow past $3 per share during the next 12 months. The current median share price forecast by them is $3, suggesting that the stock could increase 45.63% in that time frame. The average price target of $3 calls for a nearly 45.63% increase in the stock price.
It had seen a change in price target from analysts at B. Riley FBR, Inc., who reiterated the stock at Buy on July 16 but moved PT from $2.75 to $3. Analysts at Northland Capital, started covering the stock on December 13 with a Outperform rating. Brokerage firm Lake Street, looks cautious as they stick to prior recommendation of Buy, in a call on November 14. However, they did change the target price from $2 to $3. Lake Street, released new analyst coverage on December 08, calling the stock is Buy.
When looking at valuations, TheStreet, Inc. (TST) has a cheap P/E of 4.25x as compared to industry average of 46.82x. Also, it is trading at rather expensive levels at just over 1.65x price/book and 1.9x price/sales. Compared to others, TheStreet, Inc. is in a different league with regards to profitability, having net margins of 91.8%. To put some perspective around this, the industry’s average net margin is 9.63%. TST’s ROE is 103.3%, which is also considerably better than the industry’s ROE of 44.97%. It’s also very liquid in the near term, with a current ratio of 1.8. The stock has a debt/capital of 0.
TheStreet, Inc. (NASDAQ:TST) sank as low as $1.9 Thursday before getting settled at $2.06. The 35.53 percent increase called for market cap to move at $104.92M. The price went up as high as $1.9 before retreating. Trading activity significantly improved as the volume at ready counter increased to 14,095,697 shares versus 823,735 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 214,661 shares. The stock is now 70.25% above against its bear-market low of $1.21 on January 30, 2018. It has retreated -21.36% since it’s 52-week high of $2.5 reached in July. Now the market price is up 30.38% on the year and up 42.07% YTD.