Telesat Corporation (NASDAQ:TSAT) finished Thursday with an addition of $3.98 to close at $12.43, an upside of 47.10 percent. An average of 2,960,781 shares of common stock have been traded in the last five days. There was a gain of $3.32 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 767,770 shares traded, while the 50-day average volume stands at 327,082.
TSAT stock has increased by 25.81% in the last month. The company shares reached their 1-month lowest point of $8.38 on 08/10/23. With the stock rallying to its 52-week high on 08/11/23, shares of the company touched a low of $6.00 and a high of $13.73 in 52 weeks. It has reached a new high 7 times so far this year and achieved 65.73% or $4.92 in price. In spite of this, the price is down -9.47% from the 52-week high.
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Valuation Metrics
Telesat Corporation (TSAT) stock’s beta is 2.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.11, the price-to-book (PB) ratio at 0.42, and the price-to-cash flow ratio at 5.48.
Financial Health
The quick ratio of Telesat Corporation for the recent quarter was 9.60, and the current ratio was 9.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 7.52 and a total debt to equity ratio of 0.00 for the recent quarter. Telesat Corporation’s EBITDA margin is 65.89%, while its operating margin for the same period stands at 52.10%. Its gross profit as reported stood at $384.74 million compared to revenue of $583.95 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Telesat Corporation (TSAT) price momentum. RSI 9-day as of the close on 10 August was 80.54%, suggesting the stock is Overbought, with historical volatility in this time frame at 198.82%.
As of today, TSAT’s price is $9.39 +36.48% or $3.32 from its 5-day moving average. TSAT is currently trading +25.20% higher than its 20-day SMA and +91.67% higher than its 100-day SMA. However, the stock’s current price level is +77.68% above the SMA50 and +79.74% above the SMA200.
The stochastic %K and %D were 31.87% and 26.87%, respectively, and the average true range (ATR) was 0.89. With the 14-day stochastic at 73.32% and the average true range at 0.68, the RSI (14) stands at 75.80%. The stock has reached 0.46 on the 9-day MACD Oscillator while the 14-day reading was at 0.48.
