Tenaris S.A. ADR (NYSE: TS) is -6.39% lower on its value in year-to-date trading and has touched a low of $27.24 and a high of $40.72 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 TS stock was last observed hovering at around $32.45 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $32.54, the stock is 8.69% and 11.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 0.28% at the moment leaves the stock -1.49% off its SMA200. TS registered 8.18% gain for a year compared to 6-month loss of -18.53%. The firm has a 50-day simple moving average (SMA 50) of $29.3182 and a 200-day simple moving average (SMA200) of $33.0241.
The stock witnessed a 13.14% gain in the last 1 month and extending the period to 3 months gives it a 6.27%, and is 3.07% up 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 1.95% over the week and 1.74% over the month.
Tenaris S.A. ADR (TS) has around 29134 employees, a market worth around $18.50B and $13.42B in sales. Current P/E ratio is 6.94 and Fwd P/E is 9.54. Profit margin for the company is 20.41%. Distance from 52-week low is 19.46% and -20.10% from its 52-week high. The company has generated returns on investments over the last 12 months (16.26%).
with sales reaching $2.75B over the same period.The EPS is expected to shrink by -48.55% this year, but quarterly earnings will post -16.20% year-over-year. Quarterly sales are estimated to shrink -15.10% in year-over-year returns.
Tenaris S.A. ADR (TS) Top Institutional Holders
The shares outstanding are 583.94M, and float is at 567.50M with Short Float at 0.58%.
The top institutional shareholder in the company is WESTWOOD GLOBAL INVESTMENTS, LLC with over 8.26 million shares valued at $251.97 million. The investor’s holdings represent 1.4234% of the TS Shares outstanding. As of 2024-06-30, the second largest holder is ORBIS ALLAN GRAY LTD with 7.36 million shares valued at $224.63 million to account for 1.269 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 3.18 million shares representing 0.5488% and valued at over $97.15 million, while SOURCEROCK GROUP LLC holds 0.5254 of the shares totaling 3.05 million with a market value of $93.0 million.
Tenaris S.A. ADR (TS) Insider Activity
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