In today’s recent session, 9.8 million shares of the Tellurian Inc (AMEX:TELL) have been traded, and its beta is 2.38. Most recently the company’s share price was $0.58, and it changed around -$0.03 or -5.42% from the last close, which brings the market valuation of the company to $454.96M. TELL at last check was trading at a discount to its 52-week high of $1.75, offering almost -201.72% off that amount. The share price’s 52-week low was $0.36, which indicates that the recent value has risen by an impressive 37.93% since then. We note from Tellurian Inc’s average daily trading volume that its 10-day average is 46.62 million shares, with the 3-month average coming to 38.62 million.
Tellurian Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended TELL as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Tellurian Inc is expected to report earnings per share of -$0.06 for the current quarter.
Tellurian Inc (AMEX:TELL) trade information
Instantly TELL has been showing red trend so far today with a performance of -5.42% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -23.04% year-to-date, but still up 14.63% over the last five days. On the other hand, Tellurian Inc (AMEX:TELL) is -24.21% down in the 30-day period. We can see from the shorts that 128.67 million shares have been sold at a short interest cover period of 2.79 day(s).
The consensus price target as assigned by Wall Street analysts is $5.98, which translates to bulls needing to increase their stock price by 90.3% from its current value. Analyst projections state that TELL is forecast to be at a low of $4.4 and a high of $8.
Tellurian Inc (TELL) estimates and forecasts
Tellurian Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -49.87 percent over the past six months and at a 12.50% annual growth rate that is well above the industry average of -12.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -20.00% in revenue this quarter, and will report an increase of 45.50% in the next quarter. The year-over-year growth rate is expected to be -36.90%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $30.68 million in revenue for the current quarter. 3 analysts expect Tellurian Inc to make $30.7 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $50.94 million and $31.9 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -39.80%. Forecasts for the next quarter put sales growth at -3.80%.
Tellurian Inc (AMEX:TELL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.64% of Tellurian Inc shares, and 40.32% of them are in the hands of institutional investors. The stock currently has a share float of 41.84%. Tellurian Inc stock is held by 292 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 9.55% of the shares, which is about 41.11 million shares worth $57.97 million.
Blackrock Inc., with 8.80% or 37.88 million shares worth $53.41 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Aug 30, 2023. The former held 16.12 million shares worth $18.06 million, making up 3.75% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 15.68 million shares worth around $22.1 million, which represents about 3.64% of the total shares outstanding.
