Tenaris S.A. [TS] Is Currently -4.70 below its 200 Period Moving Avg: What Dose This Mean?

Tenaris S.A. [NYSE: TS] closed the trading session at $19.85 on 08/04/21. The day’s price range saw the stock hit a low of $19.81, while the highest price level was $20.53. The company report on August 5, 2021 that Tenaris Announces 2021 Second Quarter Results.

The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow and Net cash / debt. See exhibit I for more details on these alternative performance measures.

Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) (“Tenaris”) announced its results for the quarter ended June 30, 2021 in comparison with its results for the quarter ended June 30, 2020.

The stocks have a year to date performance of 24.45 percent and weekly performance of -4.11 percent. The stock has been moved at 22.08 percent over the last six months. The stock has performed -5.70 percent around the most recent 30 days and changed -14.92 percent over the most recent 3-months.

If compared to the average trading volume of 1.95M shares, TS reached to a volume of 2653671 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 Tenaris S.A. [TS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TS shares is $23.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TS stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Tenaris S.A. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on March 10, 2021. The new note on the price target was released on March 02, 2021, representing the official price target for Tenaris S.A. stock. Previously, the target price had yet another raise from $22 to $27, while Cowen kept a Outperform rating on TS stock. On February 25, 2021, analysts increased their price target for TS shares from 16.25 to 23.

The Average True Range (ATR) for Tenaris S.A. is set at 0.64, with the Price to Sales ratio for TS stock in the period of the last 12 months amounting to 2.61. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 2.24. Price to Free Cash Flow for TS in the course of the last twelve months was 12.05 with Quick ratio for the last quarter at 2.00.

TS stock trade performance evaluation

Tenaris S.A. [TS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.11. With this latest performance, TS shares dropped by -5.70% in over the last four-week period, additionally plugging by 22.08% over the last 6 months – not to mention a rise of 62.04% 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 TS stock in for the last two-week period is set at 39.56, with the RSI for the last a single of trading hit 38.35, and the three-weeks RSI is set at 40.67 for Tenaris S.A. [TS]. The present Moving Average for the last 50 days of trading for this stock 21.74, while it was recorded at 20.43 for the last single week of trading, and 19.08 for the last 200 days.

Tenaris S.A. [TS]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Tenaris S.A. [TS] shares currently have an operating margin of -1.19 and a Gross Margin at +18.93. Tenaris S.A.’s Net Margin is presently recorded at -12.33.

Return on Total Capital for TS is now -0.49, given the latest momentum, and Return on Invested Capital for the company is -5.42. Return on Equity for this stock declined to -5.60, with Return on Assets sitting at -4.56. When it comes to the capital structure of this company, Tenaris S.A. [TS] has a Total Debt to Total Equity ratio set at 7.78. Additionally, TS Total Debt to Total Capital is recorded at 7.22, with Total Debt to Total Assets ending up at 6.39. Long-Term Debt to Equity for the company is recorded at 4.70, with the Long-Term Debt to Total Capital now at 4.36.

Reflecting on the efficiency of the workforce at the company, Tenaris S.A. [TS] managed to generate an average of -$29,247 per employee. Receivables Turnover for the company is 4.07 with a Total Asset Turnover recorded at a value of 0.37.Tenaris S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 3.50.

Earnings per share (EPS) analysis for Tenaris S.A. [TS] stock

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 TS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tenaris S.A. go to -5.40%.

Tenaris S.A. [TS]: Insider Ownership positions

There are presently around $1,183 million, or 11.10% of TS stock, in the hands of institutional investors. The top three institutional holders of TS stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 9,678,755, which is approximately -27.545% of the company’s market cap and around 60.60% of the total institutional ownership; WESTWOOD GLOBAL INVESTMENTS, LLC, holding 8,632,435 shares of the stock with an approximate value of $171.35 million in TS stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $161.15 million in TS stock with ownership of nearly -17.464% of the company’s market capitalization.

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Positions in Tenaris S.A. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 80 institutional holders increased their position in Tenaris S.A. [NYSE:TS] by around 7,512,919 shares. Additionally, 54 investors decreased positions by around 10,659,140 shares, while 15 investors held positions by with 41,401,064 shares. The mentioned changes placed institutional holdings at 59,573,123 shares, according to the latest SEC report filing. TS stock had 26 new institutional investments in for a total of 2,590,045 shares, while 19 institutional investors sold positions of 2,310,126 shares during the same period.

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