Tenaris S.A. ADR (NYSE: TS) is -11.56% lower on its value in year-to-date trading and has touched a low of $27.24 and a high of $40.87 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 $32.98 in the last trading session, with the day’s gains setting it 0.44%.
Currently trading at $33.42, the stock is -2.68% and -8.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.25 million and changing 1.33% at the moment leaves the stock -2.95% off its SMA200. TS registered -11.49% loss for a year compared to 6-month gain of 5.03%. The firm has a 50-day simple moving average (SMA 50) of $36.6482 and a 200-day simple moving average (SMA200) of $34.43735.
The stock witnessed a -17.03% loss in the last 1 month and extending the period to 3 months gives it a -13.22%, and is 2.23% 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 2.32% over the week and 3.64% over the month.
Tenaris S.A. ADR (TS) has around 25874 employees, a market worth around $18.42B and $12.52B in sales. Current P/E ratio is 9.27 and Fwd P/E is 9.09. Profit margin for the company is 16.26%. Distance from 52-week low is 22.69% and -18.23% from its 52-week high. The company has generated returns on investments over the last 12 months (12.19%).
with sales reaching $2.87B over the same period.The EPS is expected to shrink by -3.18% this year, but quarterly earnings will post -3.17% year-over-year. Quarterly sales are estimated to shrink -16.67% in year-over-year returns.
294.0 institutions hold shares in Tenaris S.A. ADR (TS), with institutional investors hold 9.73% of the company’s shares. The shares outstanding are 551.03M, and float is at 550.16M with Short Float at 0.87%. Institutions hold 9.73% 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 VAN ECK ASSOCIATES CORP which holds 3.18 million shares representing 0.2797 and valued at over $97.15 million, while SOURCEROCK GROUP LLC holds 0.2677 of the shares totaling 3.05 million with a market value of $93.0 million.
