Investors Profit From Tellurian Inc (AMEX: TELL) -0.74% Loss

Tellurian Inc (AMEX:TELL) traded at $0.90 at last check on current trade day and made a downward move of -0.74% on its previous day’s price.

Looking at the stock we see that its previous close was $0.91 with the day’s price range being $0.9 – $0.91. In terms of its 52-week price range, TELL has a high of $1.54 and a low of $0.36. The company’s stock has gained about 45.60% over that past 30 days.

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Tellurian Inc has a market cap of $806.84 million. Estimates by analysts give the company expected earnings per share (EPS) of -0.03, with the EPS growth for the year raised at -0.18 for current year and -0.18 for next year.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 50.01M, or -69.90% down from figures reported last year.

Based on estimates by 5 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Tellurian Inc (TELL) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 6.28% off its SMA20 and 21.67% from its 50-day simple moving average. The RSI (14) is pointing at 59.73 while the volatility over the past week is 2.61% and jumps to 5.09% over the past one month. The beta value is 2.56, while the average true range (ATR) is currently pointing at 0.05. The average price target for the stock over the next 12 months is $4.5, with the estimates having a low of $0.25 and a high of $8. These price ends are 72.22% and -788.89% off the today’s price level respectively, although investors could be excited at the prospect of a -400.0% if the TELL share price touches on the median price of $4.5.

Coming back to Tellurian Inc (AMEX:TELL), we note that the average 3-month trading volume was 48.20 million, while that of the preceding 10-day period stands at 41.81 million. Current shares outstanding are 893.76 million.

The insiders hold 8.86% of the company’s shares while institutions hold 37.91%. The data shows that short shares as of 2024-07-15, stood at 96.91 million at a short ratio of 2.41. This represents a 1194.00 short interest in shares outstanding on 2024-07-15. Shares short fall in July from the previous month at 137.07 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 19.47% up in year-to-date price movement.

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