Tellurian Inc. [NASDAQ: TELL] closed the trading session at $0.89 on 07/31/20. The day’s price range saw the stock hit a low of $0.865, while the highest price level was $0.9698. The company report on July 22, 2020 that Tellurian Announces $35 Million Registered Direct Offering.
Tellurian Inc. (Tellurian or the Company) (Nasdaq: TELL) today announced that it has entered into a securities purchase agreement with certain institutional investors for the sale of 35,000,000 shares of common stock at a price of $1.00 per share for total gross proceeds of $35,000,000. The offering will generate net cash proceeds of approximately $32.5 million after deducting estimated expenses in connection with the offering.
The registered direct offering is expected to close on or about July 24, 2020, subject to the satisfaction of customary closing conditions. Roth Capital Partners is acting as the placement agent for the offering.
The stocks have a year to date performance of -87.75 percent and weekly performance of -12.57 percent. The stock has been moved at -87.30 percent over the last six months. The stock has performed -21.43 percent around the most recent 30 days and changed -29.78 percent over the most recent 3-months.
If compared to the average trading volume of 6.72M shares, TELL reached to a volume of 12085804 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Tellurian Inc. [TELL]:
ROTH Capital have made an estimate for Tellurian Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 10, 2020. The new note on the price target was released on June 02, 2020, representing the official price target for Tellurian Inc. stock. Previously, the target price had yet another drop from $6 to $2, while Evercore ISI kept a In-line rating on TELL stock.
The Average True Range (ATR) for Tellurian Inc. is set at 0.11, with the Price to Sales ratio for TELL stock in the period of the last 12 months amounting to 9.70. The Price to Book ratio for the last quarter was 1.35, with the Price to Cash per share for the same quarter was set at 0.16.
TELL stock trade performance evaluation
Tellurian Inc. [TELL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.57. With this latest performance, TELL shares dropped by -21.43% in over the last four-week period, additionally sinking by -87.30% over the last 6 months – not to mention a drop of -84.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TELL stock in for the last two-week period is set at 43.57, with the RSI for the last a single of trading hit 38.27, and the three-weeks RSI is set at 42.89 for Tellurian Inc. [TELL]. The present Moving Average for the last 50 days of trading for this stock 1.1278, while it was recorded at 0.9691 for the last single week of trading, and 3.9699 for the last 200 days.
Tellurian Inc. [TELL]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Tellurian Inc. [TELL] shares currently have an operating margin of -506.91 and a Gross Margin at +4.37. Tellurian Inc.’s Net Margin is presently recorded at -527.44.
Return on Total Capital for TELL is now -44.09, given the latest momentum, and Return on Invested Capital for the company is -52.39. Return on Equity for this stock declined to -65.39, with Return on Assets sitting at -38.38. When it comes to the capital structure of this company, Tellurian Inc. [TELL] has a Total Debt to Total Equity ratio set at 84.42. Additionally, TELL Total Debt to Total Capital is recorded at 45.78, with Total Debt to Total Assets ending up at 36.72. Long-Term Debt to Equity for the company is recorded at 34.97, with the Long-Term Debt to Total Capital now at 18.95.
Reflecting on the efficiency of the workforce at the company, Tellurian Inc. [TELL] managed to generate an average of -$862,312 per employee. Receivables Turnover for the company is 6.30 with a Total Asset Turnover recorded at a value of 0.07.Tellurian Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Earnings per share (EPS) analysis for Tellurian Inc. [TELL] stock
With the latest financial reports released by the company, Tellurian Inc. posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.16/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TELL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tellurian Inc. go to 31.10%.
Tellurian Inc. [TELL]: Insider Ownership positions
There are presently around $33 million, or 12.10% of TELL stock, in the hands of institutional investors. The top three institutional holders of TELL stocks are: VANGUARD GROUP INC with ownership of 9,264,885, which is approximately 1.942% of the company’s market cap and around 29.30% of the total institutional ownership; BLACKROCK INC., holding 6,020,333 shares of the stock with an approximate value of $5.37 million in TELL stocks shares; and STATE STREET CORP, currently with $3.45 million in TELL stock with ownership of nearly 16.127% of the company’s market capitalization.
Positions in Tellurian Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 65 institutional holders increased their position in Tellurian Inc. [NASDAQ:TELL] by around 7,193,561 shares. Additionally, 67 investors decreased positions by around 9,807,679 shares, while 27 investors held positions by with 19,529,567 shares. The mentioned changes placed institutional holdings at 36,530,807 shares, according to the latest SEC report filing. TELL stock had 23 new institutional investments in for a total of 1,176,564 shares, while 37 institutional investors sold positions of 7,123,242 shares during the same period.