Tellurian Inc (AMEX:TELL) shares, rose in value, with the stock price down by -1.16% to the previous day’s close as strong demand from buyers drove the stock to $0.58.
Actively observing the price movement in the last trading, the stock closed the session at $0.59. The value of beta (5-year monthly) was 2.37. Referring to stock’s 52-week performance, its high was $1.75, and the low was $0.36. On the whole, TELL has fluctuated by -29.52% over the past month.
With the market capitalization of Tellurian Inc currently standing at about $453.16 million, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.06, which is expected to increase to -$0.05 for fiscal year -$0.21 and then to about -$0.13 by fiscal year 2025. Data indicates that the EPS growth is expected to be 27.60% in 2025, while the next year’s EPS growth is forecast to be 38.10%.
Analysts have estimated the company’s revenue for the quarter at $30.68 million, with a low estimate of $28 million and a high estimate of $32.4 million. According to the average forecast, sales growth in current quarter could jump down -39.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $104.8 million, representing a decrease of -36.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that TELL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TELL currently trading nearly -21.58% and -14.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.27, while the 7-day volatility ratio is showing 13.12% which for the 30-day chart, stands at 15.90%. Furthermore, Tellurian Inc (TELL)’s beta value is 2.39, and its average true range (ATR) is 0.10.
A comparison of Tellurian Inc (TELL) with its peers suggests the former has fared considerably weaker in the market. TELL showed an intraday change of -1.16% in last session, and over the past year, it shrunk by -52.91%%.
Data on historical trading for Tellurian Inc (AMEX:TELL) indicates that the trading volumes over the past 10 days have averaged 43.08 million and over the past 3 months, they’ve averaged 38.48 million. According to company’s latest data on outstanding shares, there are 782.39 million shares outstanding.
Nearly 9.76% of Tellurian Inc’s shares belong to company insiders and institutional investors own 33.63% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 128.67 million shares as on Mar 15, 2024, resulting in a short ratio of 2.79. According to the data, the short interest in Tellurian Inc (TELL) stood at 16.45% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 125.65 million. The stock has fallen by -23.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TELL stock heading into the next quarter.
