TotalEnergies SE ADR (TTE) stock hits $60.71: Is it a good time to buy or wait for a dip?

TotalEnergies SE ADR [TTE] stock prices are down -1.04% to $60.71 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TTE shares have gain 1.91% over the last week, with a monthly amount drifted -6.47%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

TotalEnergies SE ADR [NYSE: TTE] stock has seen the most recent analyst activity on September 27, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $74 from $72. On November 29, 2023, downgrade downgraded it’s rating to Hold. Morgan Stanley upgraded its rating to a Overweight. Wolfe Research upgraded its rating to Outperform for this stock on January 12, 2023, but kept the price target unchanged to $72. In a note dated January 09, 2023, Goldman downgraded an Neutral rating on this stock.

The stock price of TotalEnergies SE ADR [TTE] has been fluctuating between $58.46 and $74.97 over the past year. Currently, Wall Street analysts expect the stock to reach $78.5 within the next 12 months. TotalEnergies SE ADR [NYSE: TTE] shares were valued at $60.71 at the most recent close of the market. An investor can expect a potential return of 29.3% based on the average TTE price forecast.

Analyzing the TTE fundamentals

The TotalEnergies SE ADR [NYSE:TTE] reported sales of 203.26B for trailing twelve months, representing a drop of -12.84%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.51.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 60.39 points at the first support level, and at 60.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.03, and for the 2nd resistance point, it is at 61.35.

Ratios To Look Out For

It’s worth pointing out that TotalEnergies SE ADR [NYSE:TTE]’s Current Ratio is 1.10. Also, the Quick Ratio is 0.88, while the Cash Ratio stands at 0.3. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 1.19 and price to earnings (TTM) ratio is 8.48.

Transactions by insiders

Recent insider trading involved TotalEnergies SE, Director, that happened on Mar 28 ’24 when 0.2 million shares were purchased.

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