The stock of Telos Corp (NASDAQ:TLS) last traded at $1.96, down -20.00% from the previous session.
TLS stock price is now -24.64% away from the 50-day moving average and -39.57% away from the 200-day moving average. The market capitalization of the company currently stands at $146.75M.
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, Jacobs Bradley W., Director bought 4,000 shares of the company’s stock on Nov 18 ’24. The stock was bought for $13,400 at an average price of $3.35. Upon completion of the transaction, the Director now directly owns 151,095 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Chairman and CEO Wood John B bought 158,644 shares of the business’s stock. A total of $379,159 was incurred on buying the stock at an average price of $2.39. This leaves the insider owning 5,026,925 shares of the company worth $9.85 million. A total of 29.70% of the company’s stock is owned by insiders.
During the past 12 months, Telos Corp has had a low of $1.89 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 4.00, and a quick ratio of 3.94.
The net profit margin was -49.19% and return on equity was -38.32% for TLS. The company reported revenue of $26.37 million for the quarter, compared to $41.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -35.77 percent.
