Is It the fundamentals that draw people into Tenaris S.A. [TS]

Over the past three months, Tenaris S.A. [TS] ended the trading day at $16.87 and exhibited a change of 4.91% with a 24 hour trading and reached upto the volume of 2.08M compared to its recorded trading volume of 1.35 million. TS generated a 1 year amount change with -24.12%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -0.86% with an amount shift of 55.81% over the last month.

On 4, November 2020, Tenaris Announces 2020 Third Quarter Results. According to news published on Yahoo Finance, 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.

Analyst Birdseye View:

The most recent analyst activity for Tenaris S.A. [NYSE:TS] stock was on November 20, 2020, when it was Downgrade with a Hold rating from Stifel, which also raised its 12-month price target on the stock to $16. Before that, on November 24, 2020, BofA Securities Recapitulated a Buy rating and elevated its amount target to $18.50. On October 01, 2020, Credit Suisse Initiated an Underperform rating. On September 16, 2020, Scotiabank Initiated a Sector outperform rating and increased its price target to $16. On August 10, 2020, Barclays Downgrade an Underweight rating and decreased its price target to $10. On June 22, 2020, Goldman Upgrade a Buy rating and boosted its amount on this stock to $17. On May 04, 2020, Jefferies Downgrade a Hold rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $8.86 and a peak of $23.54. Right now, the middling Wall Street analyst 12-month amount mark is $15.00. At the most recent market close, shares of Tenaris S.A. [NYSE:TS] were valued at $16.87. According to the average price forecast, investors can expect a potential return of -4.13%.

FUNDAMENTAL ANALYSIS

Tenaris S.A. [NYSE:TS] most recently reported quarterly sales of 866.0 million, which represented growth of -42.60%. This publicly-traded organization’s revenue is $280,902 per employee, while its income is $28,602 per employee. This company’s Gross Margin is currently 22.90%, its Operating Margin is -9.10%, its Pretax Margin is +11.68, and its Net Margin is +10.18. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.17, 6.32, 6.71 and 6.25 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 8.07 and the whole liability to whole assets at 7.09. It shows enduring liability to the whole principal at 1.79 and enduring liability to assets at 0.02 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 15.85 points at 1st support level, the second support level is making up to 15.63. But as of 1st resistance point, this stock is sitting at 16.28 and at 16.49 for 2nd resistance point.

Tenaris S.A. [TS] reported its earnings at -$0.06 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.16/share signifying the difference of 0.1 and 62.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.08 calling estimates for -$0.06/share with the difference of -0.02 depicting the surprise of -33.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Tenaris S.A. [NYSE:TS] is 3.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.99. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.82 and it’s amount to book ratio is 1.11.