Telesat Corp (NASDAQ:TSAT) has a beta value of 2.34 and has seen 91815.0 shares traded in the last trading session. The company, currently valued at $301.93M, closed the last trade at $21.49 per share which meant it lost -$1.28 on the day or -5.62% during that session. The TSAT stock price is -9.31% off its 52-week high price of $23.49 and 67.75% above the 52-week low of $6.93. If we look at the company’s 10-day average daily trading volume, we find that it stood at 53810.0 shares traded. The 3-month trading volume is 62.82K shares.
Telesat Corp (NASDAQ:TSAT) trade information
Sporting -5.62% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TSAT stock price touched $21.49 or saw a rise of 9.02%. Year-to-date, Telesat Corp shares have moved 30.72%, while the 5-day performance has seen it change 7.67%. Over the past 30 days, the shares of Telesat Corp (NASDAQ:TSAT) have changed 39.55%. Short interest in the company has seen 0.14 million shares shorted with days to cover at 2.46.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could drop -7.45% from current levels. The projected low price target is $20.0 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is 6.93% off the targeted high while a plunge would see the stock lose 6.93% from current levels.
Telesat Corp (TSAT) estimates and forecasts
The company’s shares have gained 140.65% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -19.75%.
1 analysts offering their estimates for the company have set an average revenue estimate of 121.74M for the current quarter. 1 have an estimated revenue figure of 123.2M for the next ending quarter. Year-ago sales stood 165.9M and 152.18M respectively for this quarter and the next, and analysts expect sales will shrink by -26.62% for the current quarter and -19.75% for the next.
TSAT Dividends
Telesat Corp is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Telesat Corp (NASDAQ:TSAT)’s Major holders
Insiders own 8.88% of the company shares, while shares held by institutions stand at 187.25% with a share float percentage of 205.51%. Investors are also buoyed by the number of investors in a company, with Telesat Corp having a total of 55.0 institutions that hold shares in the company. The top two institutional holders are PUBLIC SECTOR PENSION INVESTMENT BOARD with over 18.21 million shares worth more than $166.36 million. As of 2024-06-30, PUBLIC SECTOR PENSION INVESTMENT BOARD held 132.865% of shares outstanding.
The other major institutional holder is MHR FUND MANAGEMENT LLC, with the holding of over 18.04 million shares as of 2024-06-30. The firm’s total holdings are worth over $164.12 million and represent 131.5801% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are EQ Advisors Trust-1290 VT Gamco Small Company Value Port and Simplify Exchange Traded Fds-Simplify Propel Opportunities ETF. As of Sep 30, 2024, the former fund manager holds about 4.84% shares in the company for having 682.0 shares of worth $14.66 million while later fund manager owns 365.78 shares of worth $7.86 million as of Sep 30, 2024, which makes it owner of about 2.60% of company’s outstanding stock.
