Tenneco Inc. (NYSE:TEN) went down by -5.45% from its latest closing price compared to the recent 1-year high of $13.12. The company’s stock price has collected -6.33% of loss in the last five trading sessions. Barron’s reported on 04/30/21 that Genesco and China Online Education See Activist Action
Is It Worth Investing in Tenneco Inc. (NYSE :TEN) Right Now?
Plus, the 36-month beta value for TEN is at 2.66. Opinions of the stock are interesting as 3 analysts out of 9 who provided ratings for Tenneco Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $12.29, which is $2.1 above the current price. TEN currently public float of 61.71M and currently shorts hold a 5.41% ratio of that float. Today, the average trading volume of TEN was 1.32M shares.
TEN’s Market Performance
TEN stocks went down by -6.33% for the week, with a monthly drop of -6.06% and a quarterly performance of -0.30%, while its annual performance rate touched 94.03%. The volatility ratio for the week stands at 3.54% while the volatility levels for the past 30 days are set at 3.73% for Tenneco Inc.. The simple moving average for the period of the last 20 days is -5.90% for TEN stocks with a simple moving average of 4.33% for the last 200 days.
Analysts’ Opinion of TEN
Many brokerage firms have already submitted their reports for TEN stocks, with Jefferies repeating the rating for TEN by listing it as a “Buy.” The predicted price for TEN in the upcoming period, according to Jefferies is $13 based on the research report published on April 01st of the current year 2021.
Wells Fargo, on the other hand, stated in their research note that they expect to see TEN reach a price target of $13. The rating they have provided for TEN stocks is “Overweight” according to the report published on March 26th, 2021.
JP Morgan gave a rating of “Neutral” to TEN, setting the target price at $5 in the report published on April 02nd of the previous year.
TEN Trading at -8.42% from the 50-Day Moving Average
After a stumble in the market that brought TEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.25% of loss for the given period.
Volatility was left at 3.73%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares sank -6.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.10% upper at present.
During the last 5 trading sessions, TEN fell by -6.33%, which changed the moving average for the period of 200-days by +31.46% in comparison to the 20-day moving average, which settled at $10.67. In addition, Tenneco Inc. saw -5.00% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at TEN starting from ICAHN CARL C, who sale 200 shares at the price of $10.75 back on Apr 29. After this action, ICAHN CARL C now owns 10,359,643 shares of Tenneco Inc., valued at $2,150 using the latest closing price.
ICAHN CARL C, the 10% Owner of Tenneco Inc., sale 18,813 shares at $10.75 during a trade that took place back on Apr 28, which means that ICAHN CARL C is holding 10,359,843 shares at $202,240 based on the most recent closing price.
Stock Fundamentals for TEN
Current profitability levels for the company are sitting at:
- +1.25 for the present operating margin
- +8.81 for the gross margin
The net margin for Tenneco Inc. stands at -9.89. The total capital return value is set at 2.83, while invested capital returns managed to touch -24.68.
When we switch over and look at the enterprise to sales, we see a ratio of 0.40, with the company’s debt to enterprise value settled at 0.93. The receivables turnover for the company is 6.07 and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.