Tellurian Inc (TELL) Slumps 7.71%, A Gain For Bears

Tellurian Inc (AMEX:TELL) has a beta value of 2.45 and has seen 19.08 million shares traded in the last trading session. The company, currently valued at $388.94M, closed the last trade at $0.47 per share which meant it gained $0.04 on the day or 7.71% during that session. The TELL stock price is -272.34% off its 52-week high price of $1.75 and 23.4% above the 52-week low of $0.36. The 3-month trading volume is 40.24 million shares.

Tellurian Inc (AMEX:TELL) trade information

Sporting 7.71% in the green in last session, the stock has traded in the red over the last five days, when the TELL stock price touched $0.47 or saw a rise of 3.69%. Year-to-date, Tellurian Inc shares have moved -38.22%, while the 5-day performance has seen it change -5.77%. Over the past 30 days, the shares of Tellurian Inc (AMEX:TELL) have changed -21.37%.

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 -29.57% over the past 6 months, with this year growth rate of 12.50%, compared to -9.50% 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 in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.