TE Connectivity Ltd. (NYSE: TEL) has a higher price-to-earnings ratio of 17.70x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.32. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for TEL is 315.82M, and currently, short sellers hold a 1.17% ratio of that float. The average trading volume of TEL on March 16, 2023 was 1.81M shares.
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TEL) stock’s latest price update
TE Connectivity Ltd. (NYSE: TEL)’s stock price has decreased by -2.04 compared to its previous closing price of 126.51. but the company has seen a -4.38% decline in its stock price over the last five trading sessions. Barron’s reported on 01/25/23 that TE Connectivity Earnings Show Cloud Spending Is Flat. It Will Rise Again.
TEL’s Market Performance
TE Connectivity Ltd. (TEL) has seen a -4.38% fall in stock performance for the week, with a -6.26% decline in the past month and a 0.04% surge in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 1.95% for TEL. The simple moving average for the last 20 days is -3.56% for TEL stock, with a simple moving average of 0.79% for the last 200 days.
Analysts’ Opinion of TEL
Many brokerage firms have already submitted their reports for TEL stocks, with Stifel repeating the rating for TEL by listing it as a “Hold.” The predicted price for TEL in the upcoming period, according to Stifel is $130 based on the research report published on February 15th of the current year 2023.
Evercore ISI gave a rating of “In-line” to TEL, setting the target price at $130 in the report published on January 19th of the current year.
TEL Trading at -2.08% from the 50-Day Moving Average
After a stumble in the market that brought TEL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.35% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -6.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.95% upper at present.
During the last 5 trading sessions, TEL fell by -4.38%, which changed the moving average for the period of 200-days by -0.73% in comparison to the 20-day moving average, which settled at $128.07. In addition, TE Connectivity Ltd. saw 7.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TEL starting from CURTIN TERRENCE R, who sale 31,396 shares at the price of $121.92 back on Dec 12. After this action, CURTIN TERRENCE R now owns 54,969 shares of TE Connectivity Ltd., valued at $3,827,800 using the latest closing price.
Jenkins John S, the EVP & General Counsel of TE Connectivity Ltd., sale 2,674 shares at $125.85 during a trade that took place back on Nov 18, which means that Jenkins John S is holding 16,782 shares at $336,516 based on the most recent closing price.
Stock Fundamentals for TEL
Current profitability levels for the company are sitting at:
- +17.60 for the present operating margin
- +31.51 for the gross margin
The net margin for TE Connectivity Ltd. stands at +14.91. Equity return is now at value 21.00, with 10.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To put it simply, TE Connectivity Ltd. (TEL) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
