Tellurian Inc (AMEX:TELL) does about 38.58M shares in volume on a normal day but saw 32373848 shares change hands in Monday trading. The company now has a market cap of 426.09M USD. Its current market price is $0.54, marking a decrease of -3.06% compared to the previous close of $0.56. The 52 week high reached by this stock is $1.75 whilst the lowest price level in 52 weeks is $0.36.
Tellurian Inc (TELL) has a 20-day trading average at $0.6837 and the current price is -68.97% off the 52-week high compared with 53.32% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6801 and its 200-day simple moving average is $0.9232. If we look at the stock’s price movements over the week, volatility stands at 9.48%, which increases to 15.13% 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 40.10 to suggest the stock is neutral.
The consensus objective for the share price is $2.14, suggesting that the stock has a potential upside of 74.77% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 14, 2023 when BofA Securities downgraded the stock to “Underperform” and issued a price target of between $4 and $1.50. BofA Securities upgraded the stock to “Buy” from Neutral on August 09, 2022 at a price target of $6.50-$4.50. Evercore ISI downgraded its price target at $7.50-$4.50.
Tellurian Inc (TELL) stock is down -11.42% over the week and -32.96% over the past month. Its price is -27.92% year-to-date and -53.85% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of -$0.02 above consensus estimates by $0.02. TELL’s earnings per share are forecast to grow by 27.60% this year and 38.10% over next year. Expected sales for next quarter are $30.7 million, which analysts say will come at $104.8 million for the current fiscal year and next year at $78.47 million. In addition, estimates put the company’s current quarterly revenue at an average of $30.68 million.
To reach the target analysts have set, the stock logically needs to grow 74.77 percent from here.
Outstanding shares total 782.39M with insiders holding 3.64% of the shares and institutional holders owning 40.61% of the company’s common stock. The company has a return on investment of -14.86% and return on equity of -25.62%. The beta has a value of 2.39. Price to book ratio is 0.61 and price to sales ratio is 2.56.
