T1 Energy Inc (NYSE:TE) does about 2.52M shares in volume on a normal day but saw 975318 shares change hands in the recent trading day. The company now has a market cap of 205.12M USD. Its current market price is $1.46, marking an increase of 8.15% compared to the previous close of $1.35. The 52 week high reached by this stock is $3.36 whilst the lowest price level in 52 weeks is $0.91.
T1 Energy Inc (TE) has a 20-day trading average at $1.6445 and the current price is -56.55% off the 52-week high compared with 60.37% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.0244 and its 200-day simple moving average is $1.6877. If we look at the stock’s price movements over the week, volatility stands at 9.40%, which decreases to 9.08% 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 39.39 to suggest the stock is neutral.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 63.5% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 20, 2024 when BTIG Research upgraded the stock to “Buy” and issued a price target of $4. Morgan Stanley downgraded the stock to “Equal-Weight” from Overweight on November 14, 2023 at a price target of $13-$2.
The current price level is -11.22%, -27.88%, and -13.49% away from its SMA20, SMA50, and SMA200 respectively, with the TE price moving above the 50-day SMA on current market day. T1 Energy Inc (TE) stock is up 8.15% over the week and -21.08% over the past month. Its price is -43.41% year-to-date and -12.05% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.13 and -0.71 for whole year.
To reach the target analysts have set, the stock logically needs to grow 63.5 percent from here.
Outstanding shares total 140.49M with insiders holding 29.37% of the shares and institutional holders owning 40.55% of the company’s common stock. The company has a return on investment of -19.29% and return on equity of -18.30%. The forward price to earnings ratio is 16.88. The beta has a value of 1.16. Price to book ratio is 0.38.
