Telkom Indonesia (Persero) Tbk PT ADR (NYSE:TLK) price on current trading day, rose 1.44% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $20.39.
A look at the stock’s price movement, the close in the last trading session was $20.10, moving within a range at $20.23 and $20.415. The beta value (5-Year monthly) was 0.295 while the PE ratio in trailing twelve months stood at 13.38. Turning to its 52-week performance, $26.85 and $16.62 were the 52-week high and 52-week low respectively. Overall, TLK moved 11.54% over the past month.
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Telkom Indonesia (Persero) Tbk PT ADR’s market cap currently stands at around $20.20 billion, with investors looking forward to this quarter’s earnings report slated for in October. The company has a Forward Dividend ratio of 1.10, with its dividend yield at 5.37%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.39B, representing a -4.10% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TLK is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 1.15, with TLK’s current price about 5.15% and 7.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.44, while 7-day volatility ratio is 1.50% and 1.22% in the 30-day chart. Further, Telkom Indonesia (Persero) Tbk PT ADR (TLK) has a beta value of 0.76, and an average true range (ATR) of 0.31.
If we refocus on Telkom Indonesia (Persero) Tbk PT ADR (NYSE:TLK), historical trading data shows that trading volumes averaged 0.59 over the past 10 days and 555.35K over the past 3 months. The company’s latest data on shares outstanding shows there are 990.62 million shares.
The 0.01% of Telkom Indonesia (Persero) Tbk PT ADR’s shares are in the hands of company insiders while institutional holders own 4.42% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.23 million on 2024-08-30, giving us a short ratio of 4.19. The data shows that as of 2024-08-30 short interest in Telkom Indonesia (Persero) Tbk PT ADR (TLK) stood at 47.0 of shares outstanding, with shares short rising to 2.12 million registered in 2024-07-31. Current price change has pushed the stock -20.85% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TLK stock continues to rise going into the next quarter.
