Why Invest In Tellurian Inc (TELL) Stock?

Tellurian Inc (AMEX:TELL) has a beta value of 2.58 and has seen 10.6 million shares traded in the recent trading session. The company, currently valued at $804.65M, closed the last trade at $0.90 per share which meant it gained $0.01 on the day or 1.01% during that session. The TELL stock price is -62.22% off its 52-week high price of $1.46 and 60.0% 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 31.99 million shares traded. The 3-month trading volume is 47.94 million shares.

The consensus among analysts is that Tellurian Inc (TELL) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 5 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.03.

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Tellurian Inc (AMEX:TELL) trade information

Sporting 1.01% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TELL stock price touched $0.90 or saw a rise of 1.1%. Year-to-date, Tellurian Inc shares have moved 19.15%, while the 5-day performance has seen it change -0.82%. Over the past 30 days, the shares of Tellurian Inc (AMEX:TELL) have changed 35.40%. Short interest in the company has seen 93.94 million shares shorted with days to cover at 1.46.

Wall Street analysts have a consensus price target for the stock at $4.5, which means that the shares’ value could jump 80.0% from the levels at last check today. The projected low price target is $0.25 while the price target rests at a high of $8.0. In that case, then, we find that the latest price level in today’s session is -788.89% off the targeted high while a plunge would see the stock lose 72.22% from the levels at last check today.

Tellurian Inc (TELL) estimates and forecasts

Figures show that Tellurian Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 43.27% over the past 6 months, with this year growth rate of 20.83%, compared to -4.80% for the industry. Revenue growth from the last financial year stood is estimated to be -73.30%.

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.

Tellurian Inc (AMEX:TELL)’s Major holders

Insiders own 3.18% of the company shares, while shares held by institutions stand at 41.09% with a share float percentage of 42.44%. Investors are also buoyed by the number of investors in a company, with Tellurian Inc having a total of 293.0 institutions that hold shares in the company. The top two institutional holders are STATE STREET CORP with over 65.4 million shares worth more than $43.25 million. As of 2024-03-31, STATE STREET CORP held 9.2927% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 45.66 million shares as of 2024-03-31. The firm’s total holdings are worth over $30.2 million and represent 6.0541% of shares outstanding.