With 26.32 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.99 million shares. The 52-week range on TEM shows that it touched its highest point at $91.45 and its lowest point at $22.89 during that stretch. It currently has a 1-year price target of $65.88.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TEM was down-trending over the past week, with a drop of -27.88%, but this was up by 14.98% over a month. Three-month performance surged to 1.63% while six-month performance fell -8.41%. A look at the trailing 12-month EPS for TEM yields -4.75 with Next year EPS estimates of 0.15. For the next quarter, that number is -0.27. This implies an EPS growth rate of 64.06% for this year and 126.26% for next year.
Float and Shares Shorts:
At present, 157.08 million TEM shares are outstanding with a float of 55.63 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TEM since 6 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.12 being high and -$2.04 being low. For TEM, this leads to a yearly average estimate of -$1.51. Based on analyst estimates, the high estimate for the next quarter is -$0.14 and the low estimate is -$0.19. The average estimate for the next quarter is thus -$0.16.
