Transportadora de Gas del Sur ADR (TGS) 20 Days SMA touches 23.05%: The odds favor the bear

A new trading day began on November 20, 2023, with Transportadora de Gas del Sur ADR (NYSE: TGS) stock priced at $12.01, up 24.57% from the previous day of trading. During the day, the shares moved up to $13.50 and dropped to $12.00 before settling in for the closing price of $10.46. TGS’s price has ranged from $8.11 to $14.19 over the past 52 weeks.

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During the last 5-year period, the sales growth of Energy Sector giant was 14.69%. Meanwhile, its annual earnings per share averaged -74.17%. With a float of $69.50 million, this company’s outstanding shares have now reached $69.51 million.

Let’s determine the extent of company efficiency that accounts for 1095 employees. In terms of profitability, gross margin is +35.63, operating margin of +29.45, and the pretax margin is +30.98.

Transportadora de Gas del Sur ADR (TGS) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Integrated Industry. The insider ownership of Transportadora de Gas del Sur ADR is 0.02%, while institutional ownership is 6.32%.

Transportadora de Gas del Sur ADR (TGS) Earnings and Forecasts

In its latest quarterly report, released on 6/29/2023, the company reported earnings of $0.35 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +20.31 while generating a return on equity of 16.67. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -74.17% per share during the next fiscal year.

Transportadora de Gas del Sur ADR (NYSE: TGS) Trading Performance Indicators

Here are Transportadora de Gas del Sur ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.94. Likewise, its price to free cash flow for the trailing twelve months is 9.21.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.99, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach 0.91 in one year’s time.

Technical Analysis of Transportadora de Gas del Sur ADR (TGS)

Looking closely at Transportadora de Gas del Sur ADR (NYSE: TGS), its last 5-days average volume was 0.29 million, which is a jump from its year-to-date volume of 0.19 million. As of the previous 9 days, the stock’s Stochastic %D was 70.86%. Additionally, its Average True Range was 0.78.

During the past 100 days, Transportadora de Gas del Sur ADR’s (TGS) raw stochastic average was set at 75.27%, which indicates a significant decrease from 88.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.66% in the past 14 days, which was higher than the 62.79% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $11.04, while its 200-day Moving Average is $11.60. However, in the short run, Transportadora de Gas del Sur ADR’s stock first resistance to watch stands at $13.69. Second resistance stands at $14.34. The third major resistance level sits at $15.19. If the price goes on to break the first support level at $12.19, it is likely to go to the next support level at $11.34. Should the price break the second support level, the third support level stands at $10.69.

Transportadora de Gas del Sur ADR (NYSE: TGS) Key Stats

With a market capitalization of 905.72 million, the company has a total of 150,552K Shares Outstanding. Currently, annual sales are 1,267 M while annual income is 248,850 K. The company’s previous quarter sales were 246,150 K while its latest quarter income was 16,110 K.

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