Tenable Holdings Inc. (NASDAQ:TENB) stock’s Relative Strength Index (RSI) is 58.41, with weekly volatility at 2.87% and ATR at 1.36. The TENB stock’s 52-week price range has touched low of $27.00 and a $58.45 high. Its shares traded lower over the last trading session, losing -1.61% on 06/09/21. The shares fell to a low of $42.04 before closing at $42.27. Intraday shares traded counted 0.86 million, which was 14.93% higher than its 30-day average trading volume of 1.01M. TENB’s previous close was $42.96 while the outstanding shares total 104.53M.
Investors have identified the Software – Infrastructure company Tenable Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.31 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Tenable Holdings Inc. (TENB) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 497.66 million total, with 366.85 million as their total liabilities.
TENB were able to record 37.56 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by 50.19 million. In cash movements, the company had a total of 38.63 million as operating cash flow.
Potential earnings growth for Tenable Holdings Inc. (TENB)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, Tenable Holdings Inc. recorded a total of 123.19 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 16.67% coming in sequential stages and their sales for the 08/03/2021 quarter increasing by 4.15%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 22.07 million trying to sell their products during the last quarter, with the result yielding a gross income of 101.12 million. This allows shareholders to hold on to 104.53M with the recently reported earning now reading -0.07 cents per share. This is a figure that compared to analystâ€™s prediction for their 08/03/2021 (-0.03 cents a share).
Having a look at the companyâ€™s valuation, the company is expected to record -0.40 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TENB sounds very interesting.
Is the stock of TENB attractive?
In related news, General Counsel & Secretary, Riddick Stephen A sold 2,420 shares of the companyâ€™s stock in a transaction that recorded on Jun 01. The sale was performed at an average price of 41.82, for a total value of 101,204. As the sale deal closes, the Director, Hammonds Kimberly now sold 6,677 shares of the companyâ€™s stock, valued at 280,434. Also, Chief Financial Officer, Vintz Stephen A sold 4,040 shares of the companyâ€™s stock in a deal that was recorded on May 21. The shares were price at an average price of 41.19 per share, with a total market value of 166,408. Following this completion of acquisition, the President, CEO and Chairman, Yoran Amit now holds 5,902 shares of the companyâ€™s stock, valued at 243,103. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
13 out of 14 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Tenable Holdings Inc.. 0 analysts has assigned a Sell rating on the TENB stock. The 12-month mean consensus price target for the companyâ€™s shares has been set at $60.00.