The Tenneco Inc. (NYSE:TEN) is going down by -3.97% in today’s trading session, a fall equivalent to -0.49% of the stock’s price from yesterday’s market close. The lowest point that the shares touched during the trading session was $12.07, while the peak of the day was recorded at a share price of $12.65. TEN finished the previous session at $12.35 according to the data provided by Barchart, while the trading volume was observed to be $593463.
In the 100 days of trading, TEN managed to top a 11.26% Moving average. Additionally, Tenneco Inc. shares have achieved a 52-week range between 7.62 and 37.27 alongside 100 days raw stochastic set at 49.16%.
The number of shares outstanding, according to the fundamentals of the company, is set at 83.61M, equal to the value of $1.03B in market capitalization. In the last 30 days, Tenneco Inc. shares went down by -27.05%, adding 16.29 to growth in value, on top of a +2.24% boost since 10/18/19.
Tenneco Inc. (NYSE:TEN) Analyst’s Estimates
Tenneco Inc. (TEN) could record at least $0.38 per share in quarterly earnings in the upcoming report, a number that would actually represent an increase of 3.96 YOY.
On August 14, 2019, the stock earned a Upgrade rating due to a new analyst call from Morgan Stanley, while analysts from Morgan Stanley believe that the stock is set at Underweight from Equal-Weight, as concluded on November 14, 2018. Wolfe Research, is still rather wary about the stock, deciding to keep the rating at Peer Perform as confirmed through a call on October 02, 2018.
Goldman, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on April 13, 2018, giving the stock a Neutral from the Buy rating.
TEN Key Ratios To Watch:
Beta value of the stock is recorded at 2.39. Additionally, Tenneco Inc. is recording price volatility of 6.13% for the period of the last seven days and 7.86% in the last 30 days.
Tenneco Inc. (NYSE:TEN) Technical Outlook
For the period of the last 50 days, Tenneco Inc. had its Raw Stochastic average set at 30.57% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 5.57%. Stochastic %K for Tenneco Inc., with the last 20 days included, was set at 9.79%, having Stochastic %D topping 17.37%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Tenneco Inc. stocks with recording -54.91% in metrics.
Tenneco Inc. Insider Watch:
Similarly, 46.20% of the company’s float is held by institutions – and there are 2 institutions in total holding shares of this company. The top three institutional holders of TEN stocks are: Icahn, Carl, C. with ownership of $70.75 million, which is approximately 5651177 of the company’s shares; Vanguard Group, Inc. (The), holding 4660162 shares of the stock with an approximate value of $58.35 million; and Fuller & Thaler Asset Management Inc., currently with more than 4157222 shares of the company valued at $52.05 million. Positions in Tenneco Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 8 insider purchases amounting to 107208 shares.