Following The Money: Institution’s Growing Stake In T-Mobile US Inc (NASDAQ: TMUS)

T-Mobile US Inc (TMUS) concluded trading on Wednesday at a closing price of $196.49, with 3.24 million shares of worth about $637.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.68% during that period and on August 14, 2024 the price saw a gain of about 0.59%. Currently the company’s common shares owned by public are about 1.20B shares, out of which, 490.37M shares are available for trading.

Stock saw a price change of 3.10% in past 5 days and over the past one month there was a price change of 7.38%. Year-to-date (YTD), TMUS shares are showing a performance of 22.55% which increased to 40.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $131.47 but also hit the highest price of $195.93 during that period. The average intraday trading volume for T-Mobile US Inc shares is 5.06 million. The stock is currently trading 6.64% above its 20-day simple moving average (SMA20), while that difference is up 8.77% for SMA50 and it goes to 19.23% higher than SMA200.

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T-Mobile US Inc (NASDAQ: TMUS) currently have 1.20B outstanding shares and institutions hold larger chunk of about 38.75% of that.

The stock has a current market capitalization of $229.26B and its 3Y-monthly beta is at 0.49. PE ratio of stock for trailing 12 months is 24.60, while it has posted earnings per share of $7.99 in the same period. Its PEG reads 0.94 and has Quick Ratio of 0.78 while making debt-to-equity ratio of 1.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TMUS, volatility over the week remained 1.32% while standing at 2.06% over the month.

Stock’s fiscal year EPS is expected to rise by 34.47% while it is estimated to increase by 21.81% in next year. EPS is likely to grow at an annualized rate of 26.15% for next 5-years, compared to annual growth of 15.59% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on July 01, 2024 offering a Buy rating for the stock and assigned a target price of $200 to it. Coverage by Wolfe Research stated T-Mobile US Inc (TMUS) stock as an Outperform in their note to investors on June 08, 2023, suggesting a price target of $160 for the stock. Stock get a Sector outperform rating from Scotiabank on July 28, 2022.

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