Tellurian Inc. (TELL): Technicals Say You should Hold

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Tellurian Inc. (AMEX:TELL) saw an upside of 5.52% to close Monday at $1.91 after adding $0.1 on the day. The 5-day average trading volume is 8,085,000 shares of the company’s common stock. It has gained $2.1300 in the past week and touched a new high 2 times within the past 5 days. An average of 9,548,685 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,205,394.

TELL’s 1-month performance is -3.05% or $0.0700 on its low of $1.5600 reached on 01/04/23. The company’s shares have touched a 52-week low of $1.54 and high of $6.53, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, TELL has achieved 13.69% or $0.2300 and has reached a new high 7 times. However, the current price is down -70.77% from the 52-week high price.


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Valuation Metrics

TELL stock has a beta of 2.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.75 while the price-to-book (PB) in the most recent quarter is 1.61.

Tellurian Inc.’s quick ratio for the period ended June 29 was 2.10, with the current ratio over the same period at 2.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.67, while the total debt to equity was 0.93. In terms of profitability, the gross margin trailing 12 months is 49.90%. The firm’s gross profit as reported stood at $34.84 million against revenue of $71.28 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -11.95% to -$14.23 million, while revenue of $40000.0 was 99.72% off the previous quarter. Analysts expected TELL to announce -$0.02 per share in earnings in its latest quarter, but it posted $0, representing a 100.00% surprise. EBITDA for the quarter stood at more than $19.2 million. TELL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 789.68 million, with total debt at $608.47 million. Shareholders hold equity totaling $564.82 million.

Let’s look briefly at Tellurian Inc. (TELL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 48.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 83.26%.

The stock’s 5-day moving average is $1.9200, reflecting a -4.98% or -$0.1000 change from its current price. TELL is currently trading +3.24% above its 20-day SMA, -50.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -35.03% and SMA200 by-68.22%.

Stochastic %K and %D was 52.54% and 57.82% and the average true range (ATR) pointed at 0.1456. The RSI (14) points at 46.73%, while the 14-day stochastic is at 59.32% with the period’s ATR at 0.1537. The stock’s 9-day MACD Oscillator is pointing at -0.0889 and -0.0121 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Tellurian Inc. (AMEX: TELL), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for TELL stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate TELL as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $1.80 and a high of $10.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Tellurian Inc. (TELL) stock is $5.05.

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