Tenable Holdings Inc (NASDAQ: TENB) on Friday, soared 0.74% from the previous trading day, before settling in for the closing price of $42.33. Within the past 52 weeks, TENB’s price has moved between $33.85 and $53.50.
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A company in the Technology sector has jumped its sales by 24.57% annually for the last half of the decade. The company achieved an average annual earnings per share of 47.39%. With a float of $117.05 million, this company’s outstanding shares have now reached $117.15 million.
In an organization with 1999 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 77.98%, operating margin of -2.79%, and the pretax margin is -6.59%.
Tenable Holdings Inc (TENB) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Tenable Holdings Inc is 1.73%, while institutional ownership is 91.56%. The most recent insider transaction that took place on Aug 26 ’24, was worth 236,848. In this transaction President, CEO and Chairman of this company sold 5,673 shares at a rate of $41.75, taking the stock ownership to the 39,309 shares. Before that another transaction happened on Aug 26 ’24, when Company’s Chief Financial Officer sold 3,413 for $41.75, making the entire transaction worth $142,493. This insider now owns 278,493 shares in total.
Tenable Holdings Inc (TENB) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.23 earnings per share (EPS) for the period topping the consensus outlook (set at 0.18) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 47.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.00% during the next five years compared to 13.22% growth over the previous five years of trading.
Tenable Holdings Inc (NASDAQ: TENB) Trading Performance Indicators
Tenable Holdings Inc (TENB) is currently performing well based on its current performance indicators. A quick ratio of 1.14 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.96. Likewise, its price to free cash flow for the trailing twelve months is 33.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.56, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.39 in one year’s time.
Technical Analysis of Tenable Holdings Inc (TENB)
Let’s dig in a bit further. During the last 5-days, its volume was 0.55 million. That was inferior than the volume of 0.91 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 83.94%. Additionally, its Average True Range was 1.00.
During the past 100 days, Tenable Holdings Inc’s (TENB) raw stochastic average was set at 53.12%, which indicates a significant decrease from 81.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.53% in the past 14 days, which was lower than the 31.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.90, while its 200-day Moving Average is $44.20. However, in the short run, Tenable Holdings Inc’s stock first resistance to watch stands at $43.12. Second resistance stands at $43.60. The third major resistance level sits at $43.91. If the price goes on to break the first support level at $42.34, it is likely to go to the next support level at $42.03. Assuming the price breaks the second support level, the third support level stands at $41.55.
Tenable Holdings Inc (NASDAQ: TENB) Key Stats
Market capitalization of the company is 5.08 billion based on 118,868K outstanding shares. Right now, sales total 798,710 K and income totals -78,280 K. The company made 221,240 K in profit during its latest quarter, and -14,570 K in sales during its previous quarter.
