TELUS International (Cda) Inc (NYSE:TIXT) shares, rose in value on Thursday, February 13, with the stock price up by 12.43% to the previous day’s close as strong demand from buyers drove the stock to $3.89.
Actively observing the price movement in the last trading, the stock closed the session at $3.46. The PE ratio was 55.89 over 12-month period. Referring to stock’s 52-week performance, its high was $11.51, and the low was $2.83. On the whole, TIXT has fluctuated by 17.52% over the past month.
With the market capitalization of TELUS International (Cda) Inc currently standing at about $1.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.7B, with a low estimate of 651M and a high estimate of 672.19M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 658.05M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TIXT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.11, with the price of TIXT currently trading nearly 2.37% and 3.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.72, while the 7-day volatility ratio is showing 6.46% which for the 30-day chart, stands at 5.33%. Furthermore, TELUS International (Cda) Inc (TIXT)’s beta value is 0.68, and its average true range (ATR) is 0.21.
A comparison of TELUS International (Cda) Inc (TIXT) with its peers suggests the former has fared considerably weaker in the market. TIXT showed an intraday change of 12.43% in last session, and over the past year, it shrunk by -61.29%%.
Data on historical trading for TELUS International (Cda) Inc (NYSE:TIXT) indicates that the trading volumes over the past 3 months, they’ve averaged 443.33K. According to company’s latest data on outstanding shares, there are 111.00 million shares outstanding.
Nearly 76.71% of TELUS International (Cda) Inc’s shares belong to company insiders and institutional investors own 18.38% of the company’s shares. The stock has fallen by -0.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TIXT stock heading into the next quarter.
