Teligent Inc. [NASDAQ:TLGT] will report earnings after markets close on Monday, January 11th.
TLGT Earnings Forecast For The Current Quarter
Teligent Inc. [TLGT] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $15.45M and an earnings per share of -$1.27 for Dec 2020. Looking further ahead, the company is expected to report revenue of $15.36M at an EPS of -$1.27 for Mar 2021. The estimates represent downside of 25.70% and 23.90% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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TLGT Earnings Estimates For The Current Year
For the financial year, Teligent Inc. [NASDAQ:TLGT] is expected to bring in revenue of $50.06M. The returns are nearly $-15.84 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -6.62, lower than that of FY19 by -$3.22. Estimates put this year’s earnings growth at -94.70%, 23.90% for the next, and at an annual 15.00% over the next 5-year period. As for sales, forecasts are for a decrease of -24.00% in the current fiscal year and a further 25.70% over the following year.
TLGT Price Performance
On Wall Street, Teligent Inc. [NASDAQ:TLGT] finished Thursday’s session down -0.37% at $0.81. The stock went up to $0.8652 at the same session while its lowest single day price was $0.7851. In the last five days, it saw a rise of about 9.42%, Teligent Inc. shares gained by almost 7.96% since the beginning of the year. However, the share price has dropped to as low as -87.46% below its one year high. On 01/05/21, the company shares recorded $0.9500, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $0.6777. The company’s shares have declined by -82.55% in the past year. The 50-day SMA achieved is $0.6416 while the 200-day SMA is $1.9676. Volume dropped to 1.93 million from 4.03 million in the previous session.
TLGT Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 0.7748 level, and in case of violation of this particular level, it will cause more drop to 0.7399 level. On the upper level, 0.9001 is still the key resistance. The stock may increase to the subsequent resistance at 0.8549. The Relative Strength Index (RSI) pinned on the 14-day chart is 55.29, implying a neutral technical stance while the MACD stands at 0.0586, meaning price will decrease in the next trading period. Percent R indicator moved to 51.66%, implying low price movement. Stochastic %K at 45.48% suggest holding the stock.
Is Teligent Inc. [NASDAQ:TLGT] a Good Buy Right Now?
It should be noted that TLGT technical indicators for short, intermediate as well as long term progress have placed an overall average of 40% as Sell. The average signal changed from 40% Sell in the last week and compares with 88% Sell in the past month. Data from Teligent Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 10.39 million shares in the past 20 days and the short term average signal indicates a Hold. In the last 50 days, the average trading volume was 6.26 million shares while the medium term average advocated for 50% Sell. The average long-term signal stands at 100% Sell and the 100-day average volume stands at 3.86 million shares.
What is the short interest in Teligent Inc.?
Short interest in the Teligent Inc. stock has surged, increasing by 1.32 million shares to total 0.13 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.45 million, data from Yahoo Finance shows. The decrease of -1034.85% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 2.37% of the overall float for the stock.
What are analyst thoughts on Teligent Inc.?
Looking forward to the Teligent Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Teligent Inc. stock at $20.00 within the next 12 months, which represents almost 95.95 per cent growth from its previous closing price of $0.81. The highest analysts’ target for Teligent Inc. stock projections is $20.00 and the lowest one is $20.00. Still, 1 analysts sharing their consensus rating for TLGT stock in 2021 agree that it is a Hold.