3 times Within The Past Five Days, Tata Motors Limited (TTM) Hit A New High

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Tata Motors Limited (NYSE:TTM) finished Friday with a subtraction of -$0.1 to close at $23.11, a downside of -0.43 percent. An average of 922,800 shares of common stock have been traded in the last five days. There was a gain of $0.25 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 986,050 shares traded, while the 50-day average volume stands at 852,508.

TTM stock has decreased by -15.35% in the last month. The company shares reached their 1-month lowest point of $22.06 on 12/23/22. With the stock rallying to its 52-week high on 01/19/22, shares of the company touched a low of $22.06 and a high of $35.08 in 52 weeks. It has reached a new high 5 times so far this year and lost -27.98% or -$8.98 in price. In spite of this, the price is down -34.12% 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 6.60. The stock’s beta is 1.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.56, the price-to-book (PB) ratio at 0.04.

Financial Health

The quick ratio of Tata Motors Limited for the recent quarter was 0.50, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.95 and a total debt to equity ratio of 2.61 for the recent quarter. Tata Motors Limited’s EBITDA margin is 8.48%. Its gross profit as reported stood at $12.62 billion compared to revenue of $36.49 billion.

Earnings Surprise

For the recent quarter, Tata Motors Limited had $118.4 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$1.5 billion in the quarter, while revenues were shrunk -30.11%.

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 30 December was 34.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.33%.

As of today, TTM’s price is $23.05 +1.09% or $0.25 from its 5-day moving average. TTM is currently trading -13.80% lower than its 20-day SMA and -21.77% lower than its 100-day SMA. However, the stock’s current price level is -2.74% below the SMA50 and -18.80% below the SMA200.

The stochastic %K and %D were 33.72% and 31.89%, respectively, and the average true range (ATR) was 0.64. With the 14-day stochastic at 30.79% and the average true range at 0.64, the RSI (14) stands at 36.46%. The stock has reached -0.28 on the 9-day MACD Oscillator while the 14-day reading was at -0.77.

Analyst Ratings

JP Morgan downgraded Tata Motors Limited (NYSE: TTM) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight.

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

Analysts predict a range of price targets between $21.39 and $47.10, with a median target of $40.10. Taking a look at these predictions, the average price target given by analysts for Tata Motors Limited (TTM) stock is $37.62.

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