Tellurian Inc. (NASDAQ:TELL) is a stock to watch today. At current price of $5.49, the shares have already lost -0.27 points (-4.69% lower) from its previous close of $5.76. The stock sets an active trading volume day with a reported 1412723 contracts so far this session. TELL shares had a relatively better volume day versus average trading capacity of 1.87 million shares, but with a 93.63 million float and a 5.88% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for TELL stock indicates that the average analyst price target is $11.97 per share. This means the stock has a potential increase of 118.03% from where the TELL share price has been trading recently which is between $5.28 and $5.8. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $6.
The shorts are climbing into Tellurian Inc. (TELL) stock. The latest set of short interest data was released on 31 July 2019, and the numbers show a rise in short interest in TELL shares. While short interest still represents only 29.89% of TELL’s float, the number of shares shorted have risen by 918241. The number of shares shorted advanced to 28900773 shares, up from 27982532 shares during the preceding fortnight. With average daily trading volumes at 2450760 shares, days to cover decreased to about 14.67593 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “U.S. natural gas demand is at a record – and prices keep dropping” and dated August 08, 2019.
During the recent trading session for Tellurian Inc. (NASDAQ:TELL), the company witnessed their stock rise $0.22 over a week and tumble down $-1.14 from the price 20 days ago. When compared to their established 52-week high of $11.8, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 04/03/19. The recent low of $5.12 stood for a -53.47% since 08/12/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.75 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Tellurian Inc., the two-week RSI stands at 36.28. This figure suggests that TELL stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current TELL readings is similarly very revealing as it has a stochastic reading of 24.06% at this stage. This figure means that TELL share price today is being overbought.
Technical chart claims that Tellurian Inc. (TELL) would settle between $5.95/share to $6.13/share level. However, if the stock price goes below the $5.43 mark, then the market for Tellurian Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $5.09 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.07. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Raymond James, assumed coverage of TELL assigning Outperform rating, according to their opinion released on February 13. Credit Suisse, analysts launched coverage of Tellurian Inc. (NASDAQ:TELL) stock with a Outperform recommendation, according to their flash note issued to investors on October 11. Analysts at BofA/Merrill, made their first call for the equity with a Buy recommendation, according to a research note that dated back to October 09.
TELL equity has an average rating of 2, with the figure leaning towards a bullish end. 11 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 7 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 7 analysts rated Tellurian Inc. (NASDAQ:TELL) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, TELL stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 182.34 while for the average stock in the same group, the multiple is 89.49.
Tellurian Inc. (TELL)’s current-quarter revenues are projected to climb by nearly 2678.63% to hit $22.23 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 682.44% from $10.28 million to a noteworthy $80.47 million. At the other end of the current quarter income statement, Tellurian Inc. is expected to see its adjusted earnings surge by roughly 6.67% to hit $-0.14 per share. For the fiscal year, TELL’s earnings are projected to climb by roughly 5.26% to hit $-0.54 per share.