Buying Tata Motors Limited (TTM) Stock Is A Smart Move Today?

Tata Motors Limited (NYSE:TTM) trading with an addition of $3.31 to $25.65 on Thursday, an upside of 14.79 percent. An average of 1,097,880 shares of common stock have been traded in the last five days. There was a gain of $3.03 in the past week. The last 20 days have seen an average of 1,529,535 shares traded, while the 50-day average volume stands at 1,400,382.

TTM stock has increased by 13.06% in the last month. The company shares reached their 1-month lowest point of $19.64 on 09/08/21. With the stock rallying to its 52-week high on 10/07/21, shares of the company touched a low of $8.57 and a high of $24.27 in 52 weeks. In spite of this, the price is up 5.67% from the 52-week high.

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Valuation Metrics

Tata Motors Limited (TTM) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 20.44 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.01, the price-to-book (PB) ratio at 0.03.

The company’s most recent quarterly dividend payment was $0.0120 a share.

On the profitability front, the trailing 12-month gross margin 5-year average of 31.6%. Tata Motors Limited’s EBITDA margin is 12.27%. Its gross profit as reported stood at $12.29 billion compared to revenue of $33.94 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. Tata Motors Limited’s return on assets was -2.6% over the last five years. For the broader industry, ROE averaged 10.14 over the past year.

Earnings Surprise

Technical Picture

From a technical analysis perspective, let’s take a brief look at Tata Motors Limited (TTM) price momentum. RSI 9-day as of the close on 06 October was 77.07%, suggesting the stock is Overbought, with historical volatility in this time frame at 72.21%.

As of today, TTM’s price is $23.28 +13.52% or $3.03 from its 5-day moving average. TTM is currently trading +25.88% higher than its 20-day SMA and +16.16% higher than its 100-day SMA. However, the stock’s current price level is +31.54% above the SMA50 and +127.35% above the SMA200.

The stochastic %K and %D were 90.89% and 90.24%, respectively, and the average true range (ATR) was 0.89. With the 14-day stochastic at 98.97% and the average true range at 0.76, the RSI (14) stands at 73.59%. The stock has reached 0.74 on the 9-day MACD Oscillator while the 14-day reading was at 1.39.

Analyst Ratings

Morgan Stanley upgraded Tata Motors Limited (NYSE: TTM) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a an Equal-weight.The consensus rating for Tata Motors Limited (TTM) among analysts is Overweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell TTM, while 7 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 18 others rate it as a “buy”.

What is TTM’s price target for the next 12 months?

Analysts predict a range of price targets between $10.75 and $34.47, with a median target of $24.36. Taking a look at these predictions, the average price target given by analysts for Tata Motors Limited (TTM) stock is $23.86.


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