Why Tellurian Inc (AMEX: TELL) Stock Should Not Be Discarded By Investors In 2024

In the last trading session, 34.57 million shares of the Tellurian Inc (AMEX:TELL) were traded, and its beta was 2.48. Most recently the company’s share price was $0.50, and it changed around $0.11 or 28.11% from the last close, which brings the market valuation of the company to $387.60M. TELL currently trades at a discount to its 52-week high of $1.75, offering almost -250.0% off that amount. The share price’s 52-week low was $0.36, which indicates that the current value has risen by an impressive 28.0% since then. We note from Tellurian Inc’s average daily trading volume that its 3-month average coming to 39.45 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 (AMEX:TELL) trade information

Instantly TELL has showed a green trend with a performance of 28.11% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -34.44% year-to-date, but still down -1.00% over the last five days. On the other hand, Tellurian Inc (AMEX:TELL) is -20.48% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $5.98, which translates to bulls needing to increase their stock price by 91.64% 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 -33.17 percent over the past six months and at a 12.50% annual growth rate that is well above the industry average of -9.80%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.14%.

TELL Dividends

Tellurian Inc’s next quarterly earnings report is expected to be released in May.