Telesat Corporation (NASDAQ:TSAT) saw an upside of 3.15% to $19.32 after adding $0.59 on Tuesday. The 5-day average trading volume is 852,677 shares of the company’s common stock. It has gained $20.91 in the past week and touched a new high 3 times within the past 5 days. An average of 1,694,574 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 701,614.
TSAT’s 1-month performance is 97.55% or $9.53 on its low of $8.38 reached on 08/10/23. The company’s shares have touched a 52-week low of $6.00 and high of $19.13, with the stock’s rally to the 52-week high happening on 08/22/23. YTD, TSAT has achieved 157.60% or $12.02 and has reached a new high 12 times. However, the current price is up 0.99% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
TSAT stock has a beta of 1.80. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.76 while the price-to-book (PB) in the most recent quarter is 0.54, with the price to cash flow ratio at 10.20.
Telesat Corporation’s quick ratio for the recent period was 13.10, with the current ratio over the same period at 13.10. In terms of profitability, the gross margin trailing 12 months is 92.20%. The trailing 12-month EBITDA margin is 65.89%. The firm’s gross profit as reported stood at $384.74 million against revenue of $583.95 million.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than $352.05 million. TSAT stock balance sheet for the recent quarter shows that total liabilities totaled 3.12 billion, with total debt at $3.49 billion.
Let’s look briefly at Telesat Corporation (TSAT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 80.82% to suggest the stock is trending Overbought, with historical volatility in this time period at 235.82%.
The stock’s 5-day moving average is $16.65, reflecting a +13.82% or $2.37 change from its current price. TSAT is currently trading +103.76% above its 20-day SMA, +160.27% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +141.58% and SMA200 by+125.14%.
Stochastic %K and %D was 84.02% and 77.19% and the average true range (ATR) pointed at 1.84. The RSI (14) points at 79.00%, while the 14-day stochastic is at 88.91% with the period’s ATR at 1.44. The stock’s 9-day MACD Oscillator is pointing at 2.51 and 4.74 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for TSAT stock have a consensus rating for the stock as -. Currently, 0 brokerage advisors rate TSAT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
