Telos Corporation (NASDAQ:TLS) does about 1.08M shares in volume on a normal day but saw 1557844 shares change hands in Friday trading. The company now has a market cap of 327.99M USD. Its current market price is $4.87, marking a decrease of -0.20% compared to the previous close of $4.88. The 52 week high reached by this stock is $14.32 whilst the lowest price level in 52 weeks is $3.35. The script in recent trading has seen the stock touch a high of $4.94 and a low of $4.58.
Telos Corporation (TLS) has a 20-day trading average at $5.00 and the current price is -65.99% off the 52-week high compared with 45.59% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.70 and its 200-day simple moving average is $7.93. If we look at the stock’s price movements over the week, volatility stands at 7.43%, which decreases to 7.10% 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 45.98 to suggest the stock is neutral.
The consensus objective for the share price is $5.20, suggesting that the stock has a potential upside of 6.35% over the period.
FactSet Research has provided data showing that 6 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 03, 2023 when Northland Capital downgraded the stock to “Market Perform” and issued a price target of $5. B. Riley Securities also downgraded the stock to “Neutral” from Buy on November 15, 2022 at a price target of $4.50-$5. DA Davidson downgraded its price target at $15-$4.
The current price level is -2.61%, 1.16%, and -38.80% away from its SMA20, SMA50, and SMA200 respectively, with the TLS price moving above the 50-day SMA on January 20. Telos Corporation (TLS) stock is down -6.53% over the week and 4.28% over the past month. Its price is -4.32% year-to-date and -64.30% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2021, with the company’s earnings per share (EPS) of $0.04 above consensus estimates by $0.02. The company’s next earnings report is expected on 05/15/2023, with forecasts estimating quarterly EPS at $0.11 and $0.3 for whole year. TLS’s earnings per share are forecast to grow by 66.70% this year and 133.30% over next year. Expected sales for next quarter are $101.93 million, which analysts say will come at $286.25 million for the current fiscal year and next year at $407.77 million. In addition, estimates put the company’s current quarterly revenue at an average of $76.02 million.
Its 12-month price target is $5.00. To reach the target analysts have set, the stock logically needs to grow 6.35 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 $4.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $8.00.
Outstanding shares total 67.49M with insiders holding 37.51% of the shares and institutional holders owning 62.70% of the company’s common stock. The company has a return on investment of -21.30% and return on equity of -22.00%. Price to book ratio is 1.86 and price to sales ratio is 1.40.
According to a U.S. Securities and Exchange Commission filing, First Trust NASDAQ Cybersecurity has reduced its position in Telos Corporation (TLS) to 2,852,541 shares, mirroring a recent drop by -0.13%. First Trust NASDAQ Cybersecurity dumped 3690.0 shares of Telos Corporation common stock bringing its total worth to about $14.52 million at the end of recent close, SEC documents show. First Trust NASDAQ Cybersecurity isn’t the only investment manager who changed stakes and is followed by Global X Cyber Security ETF, which sold off 10746.0 shares to end up with 2,327,441 shares worth $11.85 million. Legal & General UCITS ETF PLC – C cut their holdings by -0.37% in the company over the course of the most recent quarter. It now holds a 3.19% position in Telos Corporation thanks to 2.14 million shares amounting to $10.9 million.