What Does Wall Street Say About Telos Corporation (NASDAQ: TLS)?

Telos Corporation (NASDAQ:TLS) traded at $2.70 at close of the session on Friday, 06/16/23, made an upward move of 5.47% on its previous day’s price.

Looking at the stock we see that its previous close was $2.56 with the day’s price range being $2.60 – $2.78. In terms of its 52-week price range, TLS has a high of $12.51 and a low of $1.53. The company’s stock has gained about 2.66% over that past 30 days.

Telos Corporation has a market cap of $177.61 million. Estimates by analysts give the company expected earnings per share (EPS) of $0.11, with the EPS growth for the year raised at $0.3 for 2021 and $0.7 for next year. These figures represent 66.70% and 133.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $76.02 million, with a low of $73 million and a high of $78.8 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $286.25 million, or 59.10% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TLS stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Telos Corporation (TLS) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -0.24% off its SMA20 and 15.11% from its 50-day simple moving average. The RSI (14) is pointing at 53.71 while the volatility over the past week is 9.18% and jumps to 8.88% over the past one month. The average price target for the stock over the next 12 months is $2.90, with the estimates having a low of $2.00 and a high of $5.00. These price ends are 25.93% and -85.19% off the current price level respectively, although investors could be excited at the prospect of a 7.41% if the TLS share price touches on the median price of $2.50.

Let’s briefly compare Telos Corporation (TLS) stock to its peers. We find that current price change of 5.47% and -67.51% over the past 12 months for TLS competes that of Cisco Systems Inc. (CSCO), which has seen its stock price rise 0.27% in the last trading session and was 18.88% over the last one year. Another of its peers Lockheed Martin Corporation (LMT) has gained 0.71% previous session, and was 10.88% up over the past year, while Northrop Grumman Corporation (NOC) was also up 1.21% in the last session, while its price remained in the red at -0.02% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.37% and -0.32%, respectively, at close of the trading.

Coming back to Telos Corporation (NASDAQ:TLS), we note that the average 3-month trading volume was 1.01 million, while that of the preceding 10-day period stands at 0.88 million. Current shares outstanding are 68.18 million.

The insiders hold 10.30% of the company’s shares while institutions hold 63.20%. The data shows that short shares as of May 30, 2023, stood at 2.01 million at a short ratio of 1.76. This represents a 2.90% short interest in shares outstanding on May 30, 2023. Shares short rose in May from the previous month at 1.39 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -46.95% down in year-to-date price movement.