TELUS International (Cda) Inc (NYSE:TIXT) price on Friday, February 07, fall -1.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.76.
A look at the stock’s price movement, the close in the last trading session was $3.80, moving within a range at $3.735 and $3.825. The beta value (5-Year monthly) was 0.687 while the PE ratio in trailing twelve months stood at 54.02. Turning to its 52-week performance, $11.51 and $2.83 were the 52-week high and 52-week low respectively. Overall, TIXT moved -1.05% over the past month.
TELUS International (Cda) Inc’s market cap currently stands at around $1.03 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 673.06M for the company’s revenue for the quarter, with a low and high estimate of 664M and 682M respectively. The average forecast suggests down to a -2.74% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.64B, representing a -2.51% 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 TIXT is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 75% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 5 recommend TIXT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TIXT’s current price about 0.98% and -0.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.75, while 7-day volatility ratio is 3.90% and 5.82% in the 30-day chart. Further, TELUS International (Cda) Inc (TIXT) has a beta value of 0.67, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $6.6, forecast between a low of $4 and high of $35. Looking at the price targets, the low is -6.38% off current price level while to achieve the yearly target high, price needs to move -830.85%. Nonetheless, investors will most likely welcome a -75.53% jump to $6.6 which is the analysts’ median price.
If we refocus on TELUS International (Cda) Inc (NYSE:TIXT), historical trading data shows that trading volumes averaged 0.4 over the past 10 days and 472.60K over the past 3 months. The company’s latest data on shares outstanding shows there are 111.00 million shares.
The 76.71% of TELUS International (Cda) Inc’s shares are in the hands of company insiders while institutional holders own 19.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.16 million on 2025-01-15, giving us a short ratio of 5.18. The data shows that as of 2025-01-15 short interest in TELUS International (Cda) Inc (TIXT) stood at 528.00003 of shares outstanding, with shares short rising to 2.48 million registered in 2024-12-13. Current price change has pushed the stock -4.08% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TIXT stock continues to rise going into the next quarter.
