Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of T1 Energy Inc (NYSE: TE) was $1.24 for the day, up 0.81% from the previous closing price of $1.23. In other words, the price has increased by $0.81 from its previous closing price. On the day, 0.64 million shares were traded.
Ratios:
Our analysis of TE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.35 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 3.01 whereas as Long-Term Debt/Eq ratio is at 2.57.
On November 14, 2023, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $13 to $2.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 18 ’24 when Slettemoen Tore Ivar sold 391,071 shares for $1.88 per share. The transaction valued at 735,213 led to the insider holds 5,080,446 shares of the business.
Slettemoen Tore Ivar sold 600,000 shares of TE for $978,000 on Dec 13 ’24. The Director now owns 6,016,105 shares after completing the transaction at $1.63 per share. On Dec 17 ’24, another insider, Slettemoen Tore Ivar, who serves as the Director of the company, sold 544,588 shares for $1.74 each. As a result, the insider received 947,583 and left with 5,471,517 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 65.77 while its Price-to-Book (P/B) ratio in mrq is 1.02.
Stock Price History:
Over the past 52 weeks, TE has reached a high of $3.36, while it has fallen to a 52-week low of $0.91. The 50-Day Moving Average of the stock is -10.04%, while the 200-Day Moving Average is calculated to be -21.33%.
Shares Statistics:
A total of 155.93M shares are outstanding, with a floating share count of 118.74M. Insiders hold about 23.85% of the company’s shares, while institutions hold 39.73% stake in the company.
