What Did We Note About Insider Trading At Teligent Inc. (NASDAQ: TLGT)?

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Teligent Inc. (NASDAQ:TLGT) price closed higher on Friday, September 10, jumping 7.99% above its previous close.

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A look at the daily price movement shows that the last close reads $0.42, with intraday deals fluctuated between $0.4299 and $0.484. The company’s 5Y monthly beta was ticking 1.69. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.60 and 52-week low of $0.37. The stock added 2.57% on its value in the past month.

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Teligent Inc., which has a market valuation of $38.83 million, is expected to release its quarterly earnings report Aug 11, 2021. Analysts tracking TLGT have forecast the quarterly EPS to shrink by -0.11 per share this quarter, while the same analysts predict the annual EPS to hit -$0.34 for the year 2021 and up to $0 for 2022.

On average, analysts have forecast the company’s revenue for the quarter will hit $10.75 million, with the likely lows of $10.75 million and highs of $10.75 million. The average estimate suggests sales growth for the quarter will likely fall by -25.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $43.78 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -3.40% below that which the company brought in 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TLGT a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned TLGT a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Teligent Inc. (TLGT) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that TLGT’s price is at present 13.01% off the SMA20 and -0.62% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.83, with weekly volatility standing at 8.43%. The indicator jumps to 6.04% when calculated based on the past 30 days. Teligent Inc. (NASDAQ:TLGT)’s beta value is holding at 1.68, while the average true range (ATR) indicator is currently reading 0.03. Considering analysts have assigned the stock a price target range of $1.00-$1.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $1.00. Based on this estimate, we see that current price is roughly -122.22% off the estimated low and -122.22% off the forecast high. Investors will no doubt be excited to see the share price fall to $1.00, which is the median consensus price, and at that level TLGT would be -122.22% from current price.

Turning out attention to how the Teligent Inc. stock has performed in comparison to its peers in the industry, here’s what we find: TLGT’s stock is 7.99% on the day and -61.75% in the past 12 months, while Johnson & Johnson (JNJ) traded -0.65% in the last session and was positioned 13.65% up on its price 12 months ago. Another comparison is with Pfizer Inc. (PFE) whose stock price was down -0.96% in the last trading session, and has flourished 34.94% over the past year. Also, Taro Pharmaceutical Industries Ltd. (TARO) showed up trend of 0.61% while its price kept floating at 17.29% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.77% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.78%.

An analysis of the Teligent Inc. (NASDAQ:TLGT) stock in terms of its daily trading volume indicates that the 3-month average is 3.04 million.

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Current records show that the company has 93.41M in outstanding shares. The insiders’ percentage holdings are 0.04% of outstanding shares while the percentage share held by institutions stands at 13.00%. But the -39.81% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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