In the last trading session, 2.42 million shares of the TELUS International (Cda) Inc (NYSE:TIXT) were traded, and its beta was 1.03. Most recently the company’s share price was $3.05, and it changed around -$0.27 or -8.13% from the last close, which brings the market valuation of the company to $838.75M. TIXT currently trades at a discount to its 52-week high of $11.51, offering almost -277.38% off that amount. The share price’s 52-week low was $3.27, which indicates that the current value has fallen by an impressive -7.21% since then. We note from TELUS International (Cda) Inc’s average daily trading volume that its 10-day average is 0.94 million shares, with the 3-month average coming to 324.41K.

TELUS International (Cda) Inc (NYSE:TIXT) trade information

Instantly TIXT has showed a red trend with a performance of -8.13% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.86 on recent trading dayincreased the stock’s daily price by 55.54%. The company’s shares are currently down -64.45% year-to-date, but still down -54.14% over the last five days. On the other hand, TELUS International (Cda) Inc (NYSE:TIXT) is -48.48% down in the 30-day period. We can see from the shorts that 2.48 million shares have been sold at a short interest cover period of 11.01 day(s).

The consensus price target as assigned by Wall Street analysts is $6.6, which translates to bulls needing to increase their stock price by 53.79% from its current value. Analyst projections state that TIXT is forecast to be at a low of $4 and a high of $35.

TELUS International (Cda) Inc (TIXT) estimates and forecasts

TELUS International (Cda) Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -65.50 percent over the past six months and at a 4.40% annual growth rate that is well below the industry average of 14.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 7.10% in revenue this quarter, and will report an increase of 2.80% in the next quarter. The year-over-year growth rate is expected to be -1.40%, down from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 904.37M in revenue for the current quarter. 8 analysts expect TELUS International (Cda) Inc to make 942.2M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 887.4M and 945.69M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.90%. Forecasts for the next quarter put sales growth at -0.40%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -6.23%. TELUS International (Cda) Inc earnings are expected to increase by -49.15% in 2024, but the outlook is positive 1.48% per year for the next five years.

TELUS International (Cda) Inc (NYSE:TIXT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 34.26% of TELUS International (Cda) Inc shares, and 46.39% of them are in the hands of institutional investors. The stock currently has a share float of 70.57%. TELUS International (Cda) Inc stock is held by 119.0 institutions, with CAPITAL RESEARCH GLOBAL INVESTORS being the largest institutional investor. By 2024-03-31, it held 4.9823% of the shares, which is about 13.65 million shares worth $115.49 million.

MACKENZIE FINANCIAL CORP, with 2.908% or 7.97 million shares worth $67.5 million as of 2024-03-31, holds the second largest percentage of outstanding shares.