Tenaris S.A. ADR (NYSE: TS) is -13.31% 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 $33.29 in the last trading session, with the day’s loss setting it -0.53%.
Currently trading at $32.76, the stock is -0.34% and -9.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.56 million and changing -1.59% at the moment leaves the stock -5.03% off its SMA200. TS registered -3.87% loss for a year compared to 6-month gain of 1.46%. The firm has a 50-day simple moving average (SMA 50) of $36.1088 and a 200-day simple moving average (SMA200) of $34.4961.
The stock witnessed a -16.98% loss in the last 1 month and extending the period to 3 months gives it a -14.13%, and is -1.97% 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 2.80% over the week and 3.88% over the month.
Tenaris S.A. ADR (TS) has around 25874 employees, a market worth around $18.05B and $12.52B in sales. Current P/E ratio is 9.09 and Fwd P/E is 8.87. Profit margin for the company is 16.26%. Distance from 52-week low is 20.26% and -19.84% from its 52-week high. The company has generated returns on investments over the last 12 months (12.19%).
The EPS is expected to shrink by -2.71% this year
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 0.93%. 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.
