The stock price of Tellurian Inc (AMEX: TELL) has dropped by -7.55 compared to previous close of 0.60. Despite this, the company has seen a gain of 0.47% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-07 that Tellurian Inc. (TELL) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Is It Worth Investing in Tellurian Inc (AMEX: TELL) Right Now?
Additionally, the 36-month beta value for TELL is 2.26. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”
The average price predicted by analysts for TELL is $2.64, which is $2.09 above the current price. The public float for TELL is 603.58M and currently, short sellers hold a 13.99% ratio of that float. The average trading volume of TELL on November 16, 2023 was 17.92M shares.
TELL’s Market Performance
TELL’s stock has seen a 0.47% increase for the week, with a -25.17% drop in the past month and a -56.32% fall in the past quarter. The volatility ratio for the week is 11.40%, and the volatility levels for the past 30 days are at 14.10% for Tellurian Inc . The simple moving average for the past 20 days is -12.36% for TELL’s stock, with a -56.44% simple moving average for the past 200 days.
Analysts’ Opinion of TELL
Many brokerage firms have already submitted their reports for TELL stocks, with BofA Securities repeating the rating for TELL by listing it as a “Underperform.” The predicted price for TELL in the upcoming period, according to BofA Securities is $1.50 based on the research report published on February 14, 2023 of the current year 2023.
TELL Trading at -38.87% from the 50-Day Moving Average
After a stumble in the market that brought TELL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.81% of loss for the given period.
Volatility was left at 14.10%, however, over the last 30 days, the volatility rate increased by 11.40%, as shares sank -20.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.99% lower at present.
During the last 5 trading sessions, TELL rose by +1.27%, which changed the moving average for the period of 200-days by -71.76% in comparison to the 20-day moving average, which settled at $0.6259. In addition, Tellurian Inc saw -66.98% 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 TELL starting from GROSS JONATHAN S, who purchase 100,000 shares at the price of $0.61 back on Nov 07. After this action, GROSS JONATHAN S now owns 340,000 shares of Tellurian Inc, valued at $61,000 using the latest closing price.
GROSS JONATHAN S, the Director of Tellurian Inc, purchase 100,000 shares at $1.38 during a trade that took place back on Jun 30, which means that GROSS JONATHAN S is holding 240,000 shares at $138,000 based on the most recent closing price.
Stock Fundamentals for TELL
Current profitability levels for the company are sitting at:
- -4.38 for the present operating margin
- +45.42 for the gross margin
The net margin for Tellurian Inc stands at -12.71. The total capital return value is set at -1.89, while invested capital returns managed to touch -6.04. Equity return is now at value -20.06, with -9.01 for asset returns.
Based on Tellurian Inc (TELL), the company’s capital structure generated 90.81 points at debt to equity in total, while total debt to capital is 47.59. Total debt to assets is 42.81, with long-term debt to equity ratio resting at 66.07. Finally, the long-term debt to capital ratio is 34.62.
When we switch over and look at the enterprise to sales, we see a ratio of 2.22, with the company’s debt to enterprise value settled at 0.60. The receivables turnover for the company is 9.11 and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
In conclusion, Tellurian Inc (TELL) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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..