Tellurian Inc. (AMEX:TELL) does about 11.29M shares in volume on a normal day but saw 7482293 shares change hands in Monday trading. The company now has a market cap of 1.17B USD. Its current market price is $1.91, marking an increase of 5.52% compared to the previous close of $1.81. The 52 week high reached by this stock is $6.53 whilst the lowest price level in 52 weeks is $1.54. The script in recent trading has seen the stock touch a high of $1.95 and a low of $1.82.
Tellurian Inc. (TELL) has a 20-day trading average at $1.8460 and the current price is -70.77% off the 52-week high compared with 24.03% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.2240 and its 200-day simple moving average is $3.4149. If we look at the stock’s price movements over the week, volatility stands at 7.27%, which increases to 7.57% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.73 to suggest the stock is neutral.
6 analysts observing the Tellurian Inc. (TELL) stock have set the 12-month price targets for the company’s shares at between $1.80 and $10.00. The consensus objective for the share price is $4.63, suggesting that the stock has a potential upside of 58.75% over the period. The median price target is 61.8% away from the current levels at $5.00.
FactSet Research has provided data showing that 6 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 09, 2022 when BofA Securities upgraded the stock to “Buy” and issued a price target of between $6.50 and $4.50. Evercore ISI downgraded the stock to “In-line” from Outperform on August 02, 2022 at a price target of $7.50-$4.50. Credit Suisse upgraded its price target at $5.50-$8.
The current price level is 3.64%, -14.91%, and -44.40% away from its SMA20, SMA50, and SMA200 respectively, with the TELL price moving above the 50-day SMA on January 23. Tellurian Inc. (TELL) stock is down -4.98% over the week and -3.05% over the past month. Its price is 13.69% year-to-date and -32.27% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of -$0.03 below consensus estimates by -$0.05. The company’s next earnings report is expected on 05/03/2023, with forecasts estimating quarterly EPS at $0 and -$0.14 for whole year. TELL’s earnings per share are forecast to grow by 50.00% this year and 78.60% over next year. Expected sales for next quarter are $131.04 million, which analysts say will come at $376.87 million for the current fiscal year and next year at $527.1 million. In addition, estimates put the company’s current quarterly revenue at an average of $97.47 million.
Its 12-month price target is $5.00. To reach the target analysts have set, the stock logically needs to grow 58.75 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.80, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $10.00.
Outstanding shares total 538.55M with insiders holding 13.56% of the shares and institutional holders owning 38.47% of the company’s common stock. The company has a return on investment of -21.30% and return on equity of -21.80%. The beta has a value of 2.31. Price to book ratio is 1.61 and price to sales ratio is 3.75.
According to a U.S. Securities and Exchange Commission filing, SPDR S&P Oil & Gas Exploration & has reduced its position in Tellurian Inc. (TELL) to 35,217,571 shares, mirroring a recent drop by -0.87%. SPDR S&P Oil & Gas Exploration & dumped -0.31 million shares of Tellurian Inc. common stock bringing its total worth to about $59.17 million at the end of recent close, SEC documents show. iShares Russell 2000 ETF cut their holdings by -1.03% in the company over the course of the most recent quarter. It now holds a 2.02% position in Tellurian Inc. thanks to 11.41 million shares amounting to $19.17 million.