Telos Corporation (NASDAQ: TLS) stock fell -0.20% on Friday to $4.87 against a previous-day closing price of $4.88. With 1.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.08 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $4.9400 whereas the lowest price it dropped to was $4.5800. The 52-week range on TLS shows that it touched its highest point at $14.32 and its lowest point at $3.35 during that stretch. It currently has a 1-year price target of $5.20.
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 TLS was down-trending over the past week, with a drop of -6.53%, but this was up by 4.28% over a month. Three-month performance dropped to -41.75% while six-month performance fell -39.95%. The stock lost -64.30% in the past year, while it has lost -4.32% so far this year. A look at the trailing 12-month EPS for TLS yields -0.57 with Next year EPS estimates of -0.01. For the next quarter, that number is -0.01. This implies an EPS growth rate of 66.70% for this year and 133.30% for next year.
Float and Shares Shorts:
At present, 67.49 million TLS shares are outstanding with a float of 41.91 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.81 million, which was 2.68% higher than short shares on Sep 14, 2022. In addition to Mr. John B. Wood as the firm’s Chairman, Pres & CEO, Mr. G. Mark Bendza serves as its Exec. VP & CFO.
Through their ownership of 62.70% of TLS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 35.94% of TLS, in contrast to 30.06% held by mutual funds. Shares owned by individuals account for 25.32%. As the largest shareholder in TLS with 6.97% of the stake, The Vanguard Group, Inc. holds 4,684,224 shares worth 4,684,224. A second-largest stockholder of TLS, BlackRock Fund Advisors, holds 3,230,934 shares, controlling over 4.81% of the firm’s shares. Legal & General Investment Manage is the third largest shareholder in TLS, holding 2,550,936 shares or 3.80% stake. With a 4.24% stake in TLS, the First Trust NASDAQ Cybersecurity is the largest stakeholder. A total of 2,852,541 shares are owned by the mutual fund manager. The Global X Cyber Security ETF, which owns about 3.46% of TLS stock, is the second-largest Mutual Fund holder. It holds 2,327,441 shares valued at 11.85 million. Legal & General UCITS ETF PLC – C holds 3.19% of the stake in TLS, owning 2,141,696 shares worth 10.9 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TLS since 6 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 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. With TLS analysts setting a high price target of $8.00 and a low target of $4.00, the average target price over the next 12 months is $5.20. Based on these targets, TLS could surge 64.27% to reach the target high and fall by -17.86% to reach the target low. Reaching the average price target will result in a growth of 6.78% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TLS will report FY 2022 earnings on 03/13/2024. Analysts have provided yearly estimates in a range of $0.16 being high and $0.10 being low. For TLS, this leads to a yearly average estimate of $0.12. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Telos Corporation surprised analysts by $0.08 when it reported $0.10 EPS against a consensus estimate of $0.02. The surprise factor in the prior quarter was $0.07. Based on analyst estimates, the high estimate for the next quarter is $0.03 and the low estimate is -$0.03. The average estimate for the next quarter is thus -$0.01.
Summary of Insider Activity:
Insiders traded TLS stock several times over the past three months with 3 Buys and 6 Sells. In these transactions, 455,000 shares were bought while 592,692 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 3,792,035 while 634,840 shares were sold.