TELUS International (Cda) Inc (NYSE: TIXT) is -37.99% lower on its value in year-to-date trading and has touched a low of $2.13 and a high of $6.86 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 TIXT stock was last observed hovering at around $3.89 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $3.95, the stock is 5.64% and 21.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing 1.54% at the moment leaves the stock 17.54% off its SMA200. TIXT registered 0.77% gain for a year compared to 6-month gain of 19.34%. The firm has a 50-day simple moving average (SMA 50) of $3.169 and a 200-day simple moving average (SMA200) of $3.3563.
The stock witnessed a 8.82% loss in the last 1 month and extending the period to 3 months gives it a 61.22%, and is 1.54% 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 3.56% over the week and 2.97% over the month.
TELUS International (Cda) Inc (TIXT) has around 78000 employees, a market worth around $1.09B and $2.67B in sales. Fwd P/E is 8.56. Profit margin for the company is -4.27%. Distance from 52-week low is 85.45% and -42.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.44%).
The EPS is expected to shrink by -16.61% this year
112.0 institutions hold shares in TELUS International (Cda) Inc (TIXT), with institutional investors hold 73.04% of the company’s shares. The shares outstanding are 113.00M, and float is at 64.81M with Short Float at 5.23%. Institutions hold 45.15% of the Float.
The top institutional shareholder in the company is CAPITAL RESEARCH GLOBAL INVESTORS with over 14.05 million shares valued at $81.18 million. The investor’s holdings represent 5.1074 of the TIXT Shares outstanding. As of 2024-06-30, the second largest holder is MACKENZIE FINANCIAL CORP with 8.44 million shares valued at $48.74 million to account for 3.0691 of the shares outstanding. The other top investors are SCHEER, ROWLETT & ASSOCIATES INVESTMENT MANAGEMENT LTD. which holds 2.98 million shares representing 1.0828 and valued at over $17.2 million, while CLEARBRIDGE INVESTMENTS, LLC holds 1.078 of the shares totaling 2.96 million with a market value of $17.14 million.
