TUSK Stock Summary and Trading Ideas (Mammoth Energy Services | NASDAQ:TUSK)

Mammoth Energy Services Inc is an integrated, growth oriented energy services company engaged in providing products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserves as well as the construction and repair of the electric grid for private utilities, public investor-owned utilities, and co-operative utilities through infrastructure services businesses. Its suite of services includes well-completion services, infrastructure services, natural sand proppant services, drilling services, and other services. The majority of revenues are earned from the well-completion services and geographically from the United States followed by Canada and other countries.

Mammoth Energy Services trades on the NASDAQ stock market under the symbol TUSK.

As of January 28, 2025, TUSK stock price declined to $3.01 with 32,010 million shares trading.

TUSK has a beta of 0.93, meaning it tends to be less sensitive to market movements. TUSK has a correlation of 0.05 to the broad based SPY ETF.

TUSK has a market cap of $144.86 million. This is considered a Micro Cap stock.

Last quarter Mammoth Energy Services reported $40 million in Revenue and -$.50 earnings per share. This fell short of revenue expectation by $-7 million and missed earnings estimates by -$.49.

In the last 3 years, TUSK traded as high as $8.79 and as low as $1.35.

The top ETF exchange traded funds that TUSK belongs to (by Net Assets): IWM, VTI, VXF, IWN, DFAT.

TUSK has underperformed the market in the last year with a price return of -20.8% while the SPY ETF gained +25.6%. TUSK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -30.5% and +2.7%, respectively, while the SPY returned +4.8% and +4.0%, respectively.

TUSK support price is $2.99 and resistance is $3.27 (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 TUSK shares will trade within this expected range on the day.