How Have Tenneco Inc. (TEN) Insiders Been Trading?

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Tenneco Inc. (NYSE:TEN) finished Wednesday with a subtraction of -$0.06 to close at $18.68, a downside of -0.32 percent. An average of 1,349,340 shares of common stock have been traded in the last five days. There was a fall of -$0.53 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,233,500 shares traded, while the 50-day average volume stands at 1,124,052.

TEN stock has decreased by -1.53% in the last month. The company shares reached their 1-month lowest point of $18.35 on 09/06/22. With the stock rallying to its 52-week high on 09/09/22, shares of the company touched a low of $9.51 and a high of $19.59 in 52 weeks. It has reached a new high 7 times so far this year and achieved 65.31% or $7.38 in price. In spite of this, the price is down -4.67% from the 52-week high.


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Valuation Metrics

Tenneco Inc. (TEN) stock’s beta is 1.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.09.

Financial Health

The quick ratio of Tenneco Inc. for the three months ended June 29 was 0.80, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $2.37 billion compared to revenue of $18.04 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Tenneco Inc.’s return on assets was -1.60%.

Earnings Surprise

For the three-month period that ended June 29, Tenneco Inc. had $4.93 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$121.0 million in the quarter, while revenues were grew 91.74%. The analyst consensus anticipated Tenneco Inc.’s latest quarter earnings to come in at $0.41 per share, but it turned out to be -$0.82, a -300.00% surprise. For the quarter, EBITDA amounted to $138.0 million. Shareholders own equity worth $83.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Tenneco Inc. (TEN) price momentum. RSI 9-day as of the close on 21 September was 39.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.42%.

As of today, TEN’s price is $18.93 -2.76% or -$0.53 from its 5-day moving average. TEN is currently trading -1.16% lower than its 20-day SMA and +5.48% higher than its 100-day SMA. However, the stock’s current price level is -2.51% below the SMA50 and +74.42% above the SMA200.

The stochastic %K and %D were 40.96% and 50.42%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 26.51% and the average true range at 0.31, the RSI (14) stands at 44.09%. The stock has reached -0.24 on the 9-day MACD Oscillator while the 14-day reading was at -0.10.

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

Analysts predict a range of price targets between $20.00 and $20.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Tenneco Inc. (TEN) stock is $20.00.

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