Tenaris S.A. ADR (NYSE: TS) is 6.14% 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 $39.19 in the last trading session, with the day’s gains setting it 0.92%.
Currently trading at $40.11, the stock is 6.67% and 4.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 2.35% at the moment leaves the stock 18.25% off its SMA200. TS registered 3.89% gain for a year compared to 6-month gain of 39.66%. The firm has a 50-day simple moving average (SMA 50) of $38.2168 and a 200-day simple moving average (SMA200) of $33.91845.
The stock witnessed a 1.85% loss in the last 1 month and extending the period to 3 months gives it a 3.97%, and is 8.08% 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 1.77% over the week and 2.47% over the month.
Tenaris S.A. ADR (TS) has around 25874 employees, a market worth around $22.10B and $12.52B in sales. Current P/E ratio is 11.13 and Fwd P/E is 10.31. Profit margin for the company is 16.26%. Distance from 52-week low is 47.25% and -1.51% from its 52-week high. The company has generated returns on investments over the last 12 months (12.19%).
with sales reaching $2.88B over the same period.The EPS is expected to shrink by -1.36% this year, but quarterly earnings will post -1.91% year-over-year. Quarterly sales are estimated to shrink -16.18% in year-over-year returns.
292.0 institutions hold shares in Tenaris S.A. ADR (TS), with institutional investors hold 9.74% of the company’s shares. The shares outstanding are 551.03M, and float is at 550.16M with Short Float at 0.96%. Institutions hold 9.74% of the Float.
The top institutional shareholder in the company is WESTWOOD GLOBAL INVESTMENTS, LLC with over 8.26 million shares valued at $$251.97 million. The investor’s holdings represent 0.7254 of the TS Shares outstanding. As of 2024-06-30, the second largest holder is ORBIS ALLAN GRAY LTD with 7.36 million shares valued at $$224.63 million to account for 0.6467 of the shares outstanding. The other top investors are FMR LLC which holds 2.89 million shares representing 0.4981 and valued at over $$88.16 million, while RENAISSANCE TECHNOLOGIES LLC holds 0.4469 of the shares totaling 2.59 million with a market value of $$79.11 million.
