Tenaris S.A. ADR (NYSE:TS) shares, rose in value on Friday, April 26, with the stock price down by -8.59% to the previous day’s close as strong demand from buyers drove the stock to $34.18.
Actively observing the price movement in the recent trading, the stock is buoying the session at $37.39. The PE ratio was 5.14 over 12-month period. Referring to stock’s 52-week performance, its high was $40.72, and the low was $24.69. On the whole, TS has fluctuated by -14.01% over the past month.
The company’s Forward Dividend Ratio is 1.08, with its dividend yield at 3.16%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.17B, with a low estimate of 3.19B and a high estimate of 3.62B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.33B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.72, with the price of TS currently trading nearly -11.90% and -9.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 23.68, while the 7-day volatility ratio is showing 1.89% which for the 30-day chart, stands at 1.84%. Furthermore, Tenaris S.A. ADR (TS)’s beta value is 1.47, and its average true range (ATR) is 0.91.
A comparison of Tenaris S.A. ADR (TS) with its peers suggests the former has fared considerably weaker in the market. TS showed an intraday change of -8.59% in today’s session so far, and over the past year, it grew by 19.97%%.
Data on historical trading for Tenaris S.A. ADR (NYSE:TS) indicates that the trading volumes over the past 3 months, they’ve averaged 1.99 million. According to company’s latest data on outstanding shares, there are 583.94 million shares outstanding.
Nearly 0.16% of Tenaris S.A. ADR’s shares belong to company insiders and institutional investors own 10.53% of the company’s shares. The stock has fallen by -1.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TS stock heading into the next quarter.
