It is Poised to be a Bull Market for TELUS International (Cda) Inc (TIXT)

With 0.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.11 shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $9.75 whereas the lowest price it dropped to was $8.42. The 52-week range on TIXT shows that it touched its highest point at $22.82 and its lowest point at $6.03 during that stretch. It currently has a 1-year price target of $12.31. Beta for the stock currently stands at 0.88.

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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 TIXT was up-trending over the past week, with a rise of 5.26%, but this was up by 8.42% over a month. Three-month performance surged to 37.43% while six-month performance rose 4.44%. The stock lost -58.05% in the past year, while it has gained 9.56% so far this year. A look at the trailing 12-month EPS for TIXT yields 0.16 with Next year EPS estimates of 1.15. For the next quarter, that number is 0.21. This implies an EPS growth rate of 6.32% for this year and 19.18% for next year. EPS is expected to grow by 1.48% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.23%.

Float and Shares Shorts:

At present, 107.00 million TIXT shares are outstanding with a float of 71.57 million shares on hand for trading. On Jan 31, 2024, short shares totaled 0.7 million, which was 0.26% higher than short shares on Dec 29, 2023. In addition to Mr. Jeffrey D. Puritt as the firm’s President, CEO & Director, Ms. Mahawa Vanessa Touray serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 45.63% of TIXT’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TIXT 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 TIXT analysts setting a high price target of $21.50 and a low target of $8.00, the average target price over the next 12 months is $12.31. Based on these targets, TIXT could surge 128.72% to reach the target high and fall by -14.89% to reach the target low. Reaching the average price target will result in a growth of 30.96% from current levels.

Summary of Insider Activity:

Insiders traded TIXT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 52 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 296,362 while 129,797 shares were sold.