The trading price of Tellurian Inc (AMEX:TELL) closed higher on Thursday, March 29, closing at $0.66, 11.40% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $1.75 and a 52-week low of $0.36. Over the past month, the stock has lost -10.65% in value.
Tellurian Inc, whose market valuation is $517.47 million at the time of this writing, is expected to release its quarterly earnings report May 01, 2024 – May 06, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.06 per share this quarter, however they have predicted annual earnings per share of -$0.21 for 2024 and -$0.13 for 2025. It means analysts are expecting annual earnings per share growth of 27.60% this year and 38.10% next year.
Analysts have forecast the company to bring in revenue of $30.68 million for the current quarter, with the likely lows of $28 million and highs of $32.4 million. The average estimate suggests sales will likely down by -39.80% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $104.8 million. The company’s revenue is forecast to drop by -36.90% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Tellurian Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TELL has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that TELL’s price is currently -13.50% off the SMA20 and -1.91% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.01, and weekly volatility stands at 15.53%. When measured over the past 30 days, the indicator reaches 15.43%. Tellurian Inc (AMEX:TELL)’s beta value is currently sitting at 2.33, while the Average True Range indicator is currently displaying 0.11.
To see how Tellurian Inc stock has been performing in comparison to its peers in the industry, here are the numbers: TELL stock’s performance was 11.40% in the latest trading, and -43.47% in the past year.
An evaluation of the daily trading volume of Tellurian Inc (AMEX:TELL) indicates that the 3-month average is 38.90 million. However, this figure has increased over the past 10 days to an average of 50.38 million.
Currently, records show that 782.39 million of the company’s shares remain outstanding. The insiders hold 9.76% of outstanding shares, whereas institutions hold 33.63%. The stats also highlight that short interest as of Mar 15, 2024, stood at 128.67 million shares, resulting in a short ratio of 2.79 at that time. From this, we can conclude that short interest is 16.45% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 125.65 million. However, since the stock’s price has seen -12.47% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
