Tellurian Inc (AMEX:TELL) has a beta value of 2.39 and has seen 24.91 million shares traded in the last trading session. The company, currently valued at $439.55M, closed the last trade at $0.56 per share which meant it lost -$0.02 on the day or -3.75% during that session. The TELL stock price is -212.5% off its 52-week high price of $1.75 and 35.71% above the 52-week low of $0.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 39.66 million shares traded. The 3-month trading volume is 38.56 million shares.
Tellurian Inc (AMEX:TELL) trade information
Sporting -3.75% in the red in last session, the stock has traded in the red over the last five days, when the TELL stock price touched $0.56 or saw a rise of 17.28%. Year-to-date, Tellurian Inc shares have moved -25.65%, while the 5-day performance has seen it change -15.06%. Over the past 30 days, the shares of Tellurian Inc (AMEX:TELL) have changed -35.58%. Short interest in the company has seen 128.67 million shares shorted with days to cover at 2.79.
Tellurian Inc (TELL) estimates and forecasts
Figures show that Tellurian Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -43.82% over the past 6 months, with this year growth rate of 12.50%, compared to -10.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -20.00% and 45.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be -36.90%.
3 analysts offering their estimates for the company have set an average revenue estimate of $30.68 million for the current quarter. 3 have an estimated revenue figure of $30.7 million for the next quarter concluding in Jun 2024. Year-ago sales stood $50.94 million and $31.9 million respectively for this quarter and the next, and analysts expect sales will shrink by -39.80% for the current quarter and -3.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 13.14% over the past 5 years.
TELL Dividends
Tellurian Inc is expected to release its next earnings report between May 01 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Tellurian Inc (AMEX:TELL)’s Major holders
Insiders own 3.64% of the company shares, while shares held by institutions stand at 40.61% with a share float percentage of 42.14%. Investors are also buoyed by the number of investors in a company, with Tellurian Inc having a total of 292 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 41.11 million shares worth more than $57.97 million. As of Jun 29, 2023, Vanguard Group Inc held 9.55% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 37.88 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $53.41 million and represent 8.80% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund. As of Aug 30, 2023, the former fund manager holds about 3.75% shares in the company for having 16.12 million shares of worth $18.06 million while later fund manager owns 15.68 million shares of worth $22.1 million as of Jun 29, 2023, which makes it owner of about 3.64% of company’s outstanding stock.
