Tenaris S.A. ADR (NYSE: TS) is -8.71% 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 $35.28 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $34.50, the stock is 1.91% and 0.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -2.21% at the moment leaves the stock -1.27% off its SMA200. TS registered 4.64% gain for a year compared to 6-month loss of -9.99%. The firm has a 50-day simple moving average (SMA 50) of $34.2392 and a 200-day simple moving average (SMA200) of $34.94405.
The stock witnessed a 3.20% gain in the last 1 month and extending the period to 3 months gives it a -7.80%, and is 3.54% 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 3.40% over the week and 1.85% over the month.
Tenaris S.A. ADR (TS) has around 25874 employees, a market worth around $16.93B and $12.00B in sales. Current P/E ratio is 10.53 and Fwd P/E is 10.06. Profit margin for the company is 15.05%. Distance from 52-week low is 26.65% and -15.59% from its 52-week high. The company has generated returns on investments over the last 12 months (10.46%).
with sales reaching $3B over the same period.The EPS is expected to shrink by -4.86% this year, but quarterly earnings will post -5.01% year-over-year. Quarterly sales are estimated to shrink -9.79% in year-over-year returns.
280.0 institutions hold shares in Tenaris S.A. ADR (TS), with institutional investors hold 10.07% of the company’s shares. The shares outstanding are 536.00M, and float is at 489.84M with Short Float at 1.28%. Institutions hold 10.07% 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 $$97.15 million, while MORGAN STANLEY holds 0.2721 of the shares totaling 1.55 million with a market value of $$47.26 million.
