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TUSK stock plunges to 52-week low, hitting $2.03

Published 07/03/2025, 18:18
TUSK stock plunges to 52-week low, hitting $2.03
TUSK
-1.17%

Mammoth Energy Services Inc (NASDAQ:TUSK) stock has tumbled to a 52-week low, with shares dropping to $2.03. According to InvestingPro data, technical indicators suggest the stock is in oversold territory, while maintaining a healthy current ratio of 2.25, indicating strong liquidity. This latest price level reflects a significant downturn for the energy company, which has seen its stock value decrease by 44.8% over the past year. Investors are closely monitoring TUSK as it navigates through this challenging period, though InvestingPro analysis suggests the stock is currently undervalued, with analysts anticipating sales growth in the current year. For deeper insights into TUSK’s valuation and 11 additional key ProTips, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Mammoth Energy Services reported a challenging fourth quarter for 2024, with earnings per share (EPS) of -$0.32, significantly missing the forecast of -$0.01. Despite this, the company’s revenue for the quarter was $53.2 million, exceeding expectations and showing a 33% sequential increase. However, for the full year 2024, revenue dropped to $187.9 million from $309.5 million in 2023. The company also reported a net loss of $15.5 million for the quarter and a full-year net loss of $207.3 million. Mammoth Energy remains debt-free, with a strong cash position, which it plans to leverage for strategic capital deployment and potential acquisitions. Analysts have taken note of the company’s operational challenges, but Mammoth Energy is focusing on growth opportunities, particularly in the infrastructure services division. The company is also exploring ways to unlock shareholder value, as highlighted by CEO Phil Lancaster. Looking ahead, Mammoth Energy anticipates steady activity in 2025, with potential growth driven by natural gas and LNG demand.

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