Tenaris S.A. ADR (NYSE: TS) is 6.47% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TS stock was last observed hovering at around $36.82 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $37.01, the stock is 5.61% and 13.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing 0.52% at the moment leaves the stock 11.69% off its SMA200. TS registered 7.49% gain for a year compared to 6-month loss of 10.12%. The firm has a 50-day simple moving average (SMA 50) of $32.6644 and a 200-day simple moving average (SMA200) of $33.13765.
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The stock witnessed a 14.62% gain in the last 1 month and extending the period to 3 months gives it a 32.32%, and is 0.60% 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 1.01% over the week and 1.77% over the month.
Tenaris S.A. ADR (TS) has around 29134 employees, a market worth around $20.85B and $13.09B in sales. Current P/E ratio is 8.07 and Fwd P/E is 10.21. Profit margin for the company is 20.23%. Distance from 52-week low is 35.87% and -9.12% from its 52-week high. The company has generated returns on investments over the last 12 months (15.30%).
The EPS is expected to shrink by -46.91% this year
The shares outstanding are 583.94M, and float is at 562.43M with Short Float at 0.56%.
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.
