The stock of TOTAL SE (NYSE:TOT) is now priced at $39.24 and the shares are -0.33 points down or -0.83% lower compared to its previous closing price of $39.57. TOT shares have a float of 2480 million and although its performance was -0.48% over the week, it’s one to watch. Analysts have given the TOT stock a yearly average price target of $50 per share. It means the stock’s upside potential is 27.42% with the TOT share price recently placing at $39.02 to $39.665. However, some brokerage firms have priced the stock below the average, including one that has called $42.
The shorts are running away from the TOTAL SE stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the TOT shares have declined. Short interest in the stock represents just 0.1% of its float, but the volume has dropped by 0.
In the last trading session, TOTAL SE (NYSE:TOT) dropped by -$0.19 over the week and lost -$0.11 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $56.91. The stock recorded its established 52-week high on 01/06/20.
Since 03/18/20, the stock has traded to a low of $22.13 at 77.32%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.67. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, TOTAL SE’s two-week RSI is 49.33. This suggests that the stock is neutral at the moment and that TOT shares’ price movement remains stable. The stochastic readings are equally revealing at 57.93% meaning the TOT share price is currently in neutral territory.
The technical chart shows that the TOT stock will likely settle at between $39.6 and $39.95 per share. However, if the stock dips below $38.95, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $38.66.
Currently, the stock is trading in the green of MACD, with a reading of 0.27. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Morgan Stanley raised their recommendation for TOT from Equal-Weight to Overweight in July 31 review. Jefferies analysts see the stock as a Buy in a flash note released to investors on July 16 resuming covering the stock. Wolfe Research seeing the stock struggling downgraded it from Outperform to Peer Perform on June 02.
The average rating for the TOT equity is 1.8 and is currently gathering a bullish momentum. Of 5 analysts tracking TOTAL SE polled by Reuters, 1 rated TOT as a hold. The remaining 4 analysts were split evenly. However, the split wasn’t equal as a majority (4) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the TOT stock price is 12.3X ahead of its 12-month Consensus earnings per share estimates.