The stock of Telesat Corporation (NASDAQ:TSAT) increased by $1.41 on Monday to finish at $14.38, up 10.87 percent. The last five days have seen an average of 5,451,360 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $6.88. The average number of shares traded over the last 20 days was 1,389,535, while the average volume over the last 50 days totaled 576,498.
TSAT stock appreciated 44.96% since last month. On 08/10/23, the company’s shares reached a one-month low of $8.38. The stock touched a high of $13.89 on 08/14/23, after rallying from a low of $6.00 in 52 weeks. The price of TSAT stock has risen by 91.73% or $6.88 this year, reaching a new high 8 times. Still, the stock price is up 3.53% from the 52-week high.
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Valuation Metrics
Beta for the stock is 2.02. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.83, the price-to-book (PB) ratio of 0.49, and the price-to-cash flow ratio of 3.86.
Financial Health
For the recent quarter, Telesat Corporation’s quick ratio was 9.60, while its current ratio was 9.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 7.52, and the total debt to equity ratio is 7.52. As far as profitability goes, gross margin for the trailing twelve months is 92.50% percent. Telesat Corporation’s EBITDA margin for the recent year was 65.89%, whereas its operating margin stood at 53.30% for the same period. Based on annual data, it had gross profit of $384.74 million and revenue of $583.95 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TSAT’s return on assets (ROA) during the last 12 months has been -0.40%. There was a 8.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -4.90%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. EBITDA was $352.05 million for the quarter. At the end of Telesat Corporation’s most recent quarter, its liabilities totaled 3.12 billion, while its total debt was $3.49 billion.
Technical Picture
Here’s a quick look at Telesat Corporation’s (TSAT) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 86.01%, suggesting the stock is Overbought, with a 219.02% historical volatility rate.
The stochastic %K and %D were 59.42% and 37.74% respectively, while the average true range (ATR) was 1.02. Based on the 14-day stochastic reading of 90.63%, the RSI (14) reading is 81.75%. On the 9-day MACD Oscillator, the stock is at 2.01, and the 14-day reading is at 2.27.
Analyst Ratings
Analysts have assigned Telesat Corporation (TSAT) an – rating. TSAT is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
