Maxim Group Has Lowered Expectations for Stabilis Solutions (NASDAQ:SLNG) Stock Price

Key Points

• Maxim Group has lowered its price target for Stabilis Solutions (NASDAQ:SLNG) from $12.00 to $10.00, while maintaining a "buy" rating, indicating a potential upside of 109.82% from the current stock price.
• Stabilis Solutions reported a loss of $0.03 per share for the last quarter, falling short of analysts' expectations of a $0.01 profit and posting revenue of $17.31 million, below the forecast of $20.20 million.
• Institutional investors have recently increased their investments in Stabilis Solutions, with significant acquisitions including Northern Trust Corp expanding its stake by 82.9%.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) had its target price dropped by investment analysts at Maxim Group from $12.00 to $10.00 in a report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Maxim Group's price target would suggest a potential upside of 125.48% from the company's previous close.

Stabilis Solutions Price Performance

Shares of SLNG traded up $0.04 during trading hours on Monday, reaching $4.44. The company had a trading volume of 9,414 shares, compared to its average volume of 6,696. The firm has a 50 day simple moving average of $4.86 and a 200-day simple moving average of $5.32. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $82.49 million, a price-to-earnings ratio of 110.90 and a beta of 0.20. Stabilis Solutions has a 12-month low of $3.71 and a 12-month high of $8.28.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). Stabilis Solutions had a net margin of 1.28% and a return on equity of 1.35%. The business had revenue of $17.31 million during the quarter, compared to analyst estimates of $20.20 million.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new position in Stabilis Solutions in the fourth quarter valued at approximately $56,000. Dimensional Fund Advisors LP raised its holdings in Stabilis Solutions by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company's stock valued at $77,000 after buying an additional 1,531 shares during the period. Northern Trust Corp raised its stake in shares of Stabilis Solutions by 82.9% during the fourth quarter. Northern Trust Corp now owns 39,879 shares of the company's stock valued at $213,000 after purchasing an additional 18,077 shares during the period. Ancora Advisors LLC purchased a new stake in shares of Stabilis Solutions during the fourth quarter valued at approximately $36,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Stabilis Solutions during the first quarter valued at approximately $225,000. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

About Stabilis Solutions

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.