In today’s recent session, 10.02 million shares of the Tellurian Inc (AMEX:TELL) have been traded, and its beta is 2.57. Most recently the company’s share price was $0.93, and it changed around -$0.01 or -0.53% from the last close, which brings the market valuation of the company to $831.40M. TELL at last check was trading at a discount to its 52-week high of $1.28, offering almost -37.63% off that amount. The share price’s 52-week low was $0.36, which indicates that the recent value has risen by an impressive 61.29% since then. We note from Tellurian Inc’s average daily trading volume that its 10-day average is 34.24 million shares, with the 3-month average coming to 43.70 million.
Tellurian Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. 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 is expected to report earnings per share of -0.03 for the current quarter.
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Tellurian Inc (AMEX:TELL) trade information
Instantly TELL has been showing red trend so far today with a performance of -0.53% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.9388 on recent trading dayincreased the stock’s daily price by 0.94%. The company’s shares are currently up 23.09% year-to-date, but still down -1.05% over the last five days. On the other hand, Tellurian Inc (AMEX:TELL) is 3.33% up in the 30-day period. We can see from the shorts that 101.56 million shares have been sold at a short interest cover period of 3.47 day(s).
The consensus price target as assigned by Wall Street analysts is $4.5, which translates to bulls needing to increase their stock price by 79.33% from its current value. Analyst projections state that TELL is forecast to be at a low of $0.25 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 risen 26.84 percent over the past six months and at a 20.83% annual growth rate that is well above the industry average of -10.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 75.00% in revenue this quarter, and will report a decrease of -50.00% in the next quarter. The year-over-year growth rate is expected to be -73.30%, down from the previous year.
The company’s sales for the same quarters a year ago were 43.25M and 39.96M respectively.
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 on 2024-Oct-31.
Tellurian Inc (AMEX:TELL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.07% of Tellurian Inc shares, and 36.87% of them are in the hands of institutional investors. The stock currently has a share float of 38.04%. Tellurian Inc stock is held by 302.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 6.5949% of the shares, which is about 49.74 million shares worth $34.45 million.
BLACKROCK INC., with 2.7803% or 20.97 million shares worth $14.52 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
