On December 03, 2019, Tenaris S.A. (NYSE:TS) shares lost -1.43% or -0.3 points to close at $20.62 with a heavy trading volume of 3.513 million shares. It opened the trading session at $20.83, the shares rose to $20.84 and dropped to $20.61, the range by which the price of stock traded the whole day. The company now has a market cap of $12.3 billion and currently has 595.94 million outstanding shares. Tenaris S.A. (TS) stock has plunged -6.32 percent of market value in 21 trading days.
TS stock’s trailing 3-year beta is 1.24, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $1.38 share in the trailing 52 weeks. The stock’s value fallen -3.28 percent year to date (YTD) compared to a decline of -15.25 percent in 52 week’s period. The firm’s shares are still trading -31.99 percent below its 1-year high of $30.32 and 3.62 percent up from 52-week low of $19.90. The average consensus ranking on the company is 2.2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Tenaris S.A. (TS) is most likely going to rise 37.49 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $37.71-month high price target. This represents a whopping 82.88 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $27, which means a return possibility of 30.94 percent in comparison with the closing price of the stock of $20.62 on December 03. The lowest price set for the stock is $21 — just above 1.84 percent from TS share price now.
Past records have indicated that shares in Tenaris S.A. rose on 11 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.
The stock is lingering around the initial support level of $20.54. After this, the following support is at the zone of $20.46. Up until the time the TS stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 39.46 on the daily chart, and this may be a cause for comfort. In case the price goes below $20.46 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $20.77 level may cause a pull-back move approaching $20.92 mark.
Tenaris S.A. has a 30.7% gross profit margin, with its operating margin around 11.2%. Alongside this, the company’s net profit margin currently stands at 10.7%.