Tellurian Inc (AMEX: TELL) Loses -66.44% From High. Why That Could Change?

Currently, there are 698.53M common shares owned by the public and among those 616.22M shares have been available to trade.

Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 600,000 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 20,145,515 shares.

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However, the script later moved the day high at 0.6600, up 18.45%. The company’s stock has a 5-day price change of 53.47% and 17.76% over the past three months. TELL shares are trading -14.27% year to date (YTD), with the 12-month market performance down to -65.72% lower. It has a 12-month low price of $0.36 and touched a high of $1.93 over the same period. TELL has an average intraday trading volume of 0.94 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 19.94%, 1.80%, and -37.62% respectively.

Institutional ownership of Tellurian Inc (AMEX: TELL) shares accounts for 30.24% of the company’s 698.53M shares outstanding.

It has a market capitalization of $452.51M and a beta (3y monthly) value of 2.29. The earnings-per-share (ttm) stands at -$0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 22.83% over the week and 14.44% over the month.

Analysts forecast that Tellurian Inc (TELL) will achieve an EPS of -$0.04 for the current quarter, -$0.04 for the next quarter and -$0.21 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.1 while analysts give the company a high EPS estimate of $0.03. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to decrease by -287.59%, and 40.47% over the next financial year.

Looking at the support for the TELL, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on February 14, 2023, with the firm’s price target at $4-$1.50.

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