Tellurian Inc (AMEX: TELL) is -22.98% lower on its value in year-to-date trading and has touched a low of $0.36 and a high of $1.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TELL stock was last observed hovering at around $0.54 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $0.58, the stock is -14.87% and -14.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 35.63 million and changing 6.87% at the moment leaves the stock -36.96% off its SMA200. TELL registered -59.01% loss for a year compared to 6-month loss of -42.94%. The firm has a 50-day simple moving average (SMA 50) of $5.22 and a 200-day simple moving average (SMA200) of -$17.45.
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The stock witnessed a -32.72% gain in the last 1 month and extending the period to 3 months gives it a -19.05%, and is -0.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.88% over the week and 15.15% over the month.
Tellurian Inc (TELL) has around 168 employees, a market worth around $455.35M and $166.13M in sales. Profit margin for the company is -100.03%. Distance from 52-week low is 63.85% and -66.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.86%).
Tellurian Inc quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $30.68M over the same period.The EPS is expected to grow by 25.83% this year, but quarterly earnings will post -36.90% year-over-year. Quarterly sales are estimated to shrink -39.80% in year-over-year returns.
Tellurian Inc (TELL) Top Institutional Holders
292 institutions hold shares in Tellurian Inc (TELL), with institutional investors hold 42.14% of the company’s shares. The shares outstanding are 782.39M, and float is at 706.06M with Short Float at 18.22%. Institutions hold 40.61% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 41.11 million shares valued at $57.97 million. The investor’s holdings represent 9.55% of the TELL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 37.88 million shares valued at $53.41 million to account for 8.80% of the shares outstanding. The other top investors are State Street Corporation which holds 24.92 million shares representing 5.79% and valued at over $35.14 million, while Geode Capital Management, LLC holds 2.38% of the shares totaling 10.24 million with a market value of $14.44 million.
Tellurian Inc (TELL) Insider Activity
The most recent transaction is an insider purchase by GROSS JONATHAN S,the company’sDirector. SEC filings show that GROSS JONATHAN S bought 120,000 shares of the company’s common stock on Dec 15 ’23 at a price of $0.67 per share for a total of $80400.0. Following the purchase, the insider now owns 0.46 million shares.
Tellurian Inc disclosed in a document filed with the SEC on Nov 07 ’23 that GROSS JONATHAN S (Director) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Nov 07 ’23 and was made at $0.61 per share for $61000.0. Following the transaction, the insider now directly holds 0.34 million shares of the TELL stock.
Still, SEC filings show that on Jun 30 ’23, GROSS JONATHAN S (Director) acquired 100,000 shares at an average price of $1.38 for $0.14 million. The insider now directly holds 240,000 shares of Tellurian Inc (TELL).
