In yesterday’s Wall Street session, Telos Corp (NASDAQ:TLS) shares traded at $3.82, down -3.54% from the previous session.
TLS stock price is now 1.12% away from the 50-day moving average and 8.29% away from the 200-day moving average. The market capitalization of the company currently stands at $274.12M.
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With the price target enhanced from $2.75 to $4.50, B. Riley Securities Upgraded its rating from Neutral to Buy for Telos Corp (NASDAQ: TLS). On September 27, 2023, Northland Capital Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $2.50 to quote $4, while ‘B. Riley Securities’ rates the stock as ‘Neutral’
In other news, Schaufeld Fredrick, Director bought 95,657 shares of the company’s stock on Jun 12 ’24. The stock was bought for $390,281 at an average price of $4.08. Upon completion of the transaction, the Director now directly owns 1,344,147 shares in the company, valued at $5.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, Director Schaufeld Fredrick bought 130,000 shares of the business’s stock. A total of $510,900 was incurred on buying the stock at an average price of $3.93. This leaves the insider owning 1,248,490 shares of the company worth $4.77 million. A total of 29.67% of the company’s stock is owned by insiders.
During the past 12 months, Telos Corp has had a low of $1.87 and a high of $5.03. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 4.05, and a quick ratio of 4.00. The fifty day moving average price for TLS is $3.7667 and a two-hundred day moving average price translates $3.533525 for the stock.
The latest earnings results from Telos Corp (NASDAQ: TLS) was released for 2024-03-31. The net profit margin was -22.22% and return on equity was -19.15% for TLS. The company reported revenue of $29.62 million for the quarter, compared to $35.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.91 percent.
