Team Inc. (NYSE: TISI) stock jumped 61.78% on Thursday to $7.07 against a previous-day closing price of $4.37. With 4.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 93520.0 shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $7.90 whereas the lowest price it dropped to was $4.60. The 52-week range on TISI shows that it touched its highest point at $16.40 and its lowest point at $3.53 during that stretch. Beta for the stock currently stands at 1.89.
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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 TISI was up-trending over the past week, with a rise of 73.28%, but this was up by 34.41% over a month. Three-month performance dropped to -3.94% while six-month performance fell -1.12%. The stock lost -33.30% in the past year, while it has gained 34.67% so far this year. EPS is expected to grow by 11.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -60.10%.
Float and Shares Shorts:
At present, 4.34 million TISI shares are outstanding with a float of 4.25 million shares on hand for trading. On Apr 27, 2023, short shares totaled 46130.0, which was 1.06% higher than short shares on Mar 30, 2023. In addition to Mr. Keith D. Tucker as the firm’s Chief Exec. Officer, Mr. Nelson M. Haight serves as its Exec. VP & CFO.
Through their ownership of 46.99% of TISI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.94% of TISI, in contrast to 40.86% held by mutual funds. Shares owned by individuals account for 1.08%. As the largest shareholder in TISI with 33.49% of the stake, Corre Partners Management LLC holds 1,454,544 shares worth 1,454,544. A second-largest stockholder of TISI, Tontine Associates LLC, holds 174,643 shares, controlling over 4.02% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in TISI, holding 115,572 shares or 2.66% stake. With a 1.55% stake in TISI, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 67,315 shares are owned by the mutual fund manager. The 1290 VT GAMCO Small Company Value, which owns about 1.36% of TISI stock, is the second-largest Mutual Fund holder. It holds 59,000 shares valued at 0.3 million. Vanguard Extended Market Index Fu holds 1.11% of the stake in TISI, owning 48,257 shares worth 0.25 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TISI reported revenue of $251.26M and operating income of -$2.78M. The EBITDA in the recently reported quarter was $8.27M and diluted EPS was -$5.00.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TISI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TISI analysts setting a high price target of $130.00 and a low target of $70.00, the average target price over the next 12 months is $100.00. Based on these targets, TISI could surge 1738.76% to reach the target high and rise by 890.1% to reach the target low. Reaching the average price target will result in a growth of 1314.43% 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.
Summary of Insider Activity:
Insiders traded TISI stock several times over the past three months with 3 Buys and 2 Sells. In these transactions, 47,756 shares were bought while 14,456 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 122,780 while 21,331 shares were sold.