Tenaris S.A. ADR (NYSE: TS) is -8.73% 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 $34.73 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $34.49, the stock is 2.58% and -2.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -0.69% at the moment leaves the stock -0.36% off its SMA200. TS registered -0.69% loss for a year compared to 6-month loss of -8.27%.
The stock witnessed a 7.55% gain in the last 1 month and extending the period to 3 months gives it a -10.39%, and is 2.59% 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 1.30% over the week and 2.08% over the month.
Tenaris S.A. ADR (TS) has around 25874 employees, a market worth around $18.79B and $12.00B in sales. Current P/E ratio is 10.53 and Fwd P/E is 9.84. Profit margin for the company is 15.05%. Distance from 52-week low is 26.62% and -15.61% from its 52-week high. The company has generated returns on investments over the last 12 months (10.46%).
with sales reaching $2.99B over the same period.The EPS is expected to shrink by -4.48% this year, but quarterly earnings will post -4.12% year-over-year. Quarterly sales are estimated to shrink -9.90% in year-over-year returns.
The shares outstanding are 544.89M, and float is at 544.03M with Short Float at 1.25%.
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.
