ENSV Stock Summary and Trading Ideas (Enservco | AMEX:ENSV)

Enservco Corp operates in the oil and gas industry. It offers well enhancement and fluid management services to the domestic onshore oil and natural gas industry. The services include frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company's reportable business segments are Production Services and Completion and Other Services, which derives maximum revenue. It operates in geographically diverse regions of the United States.

Enservco trades on the AMEX stock market under the symbol ENSV.

As of April 19, 2024, ENSV stock price climbed to $0.28 with 731,722 million shares trading.

ENSV has a beta of 0.32, meaning it tends to be less sensitive to market movements. ENSV has a correlation of 0.00 to the broad based SPY ETF.

ENSV has a market cap of $7.55 million. This is considered a Sub-Micro Cap stock.

Last quarter Enservco reported $6 million in Revenue and -$.07 earnings per share. This fell short of revenue expectation by $-120,000 and missed earnings estimates by -$.02.

In the last 3 years, ENSV stock traded as high as $8.76 and as low as $.17.

The top ETF exchange traded funds that ENSV belongs to (by Net Assets): VXF.

ENSV stock has underperformed the market in the last year with a return of -47.7%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ENSV shares. However, ENSV has outperformed the market in the last 3 month and 2 week periods, returning +51.9% and +21.2%, while SPY returned +4.3% and -3.5%, respectively. This indicates ENSV has been having a stronger performance recently.

ENSV support price is $.24 and resistance is $.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ENSV stock will trade within this expected range on the day.