Telos Corp’s recently made public that its Director Jacobs Bradley W. acquired Company’s shares for reported $16060.0 on Dec 04 ’23. In the deal valued at $4.01 per share,4,000 shares were bought. As a result of this transaction, Jacobs Bradley W. now holds 104,772 shares worth roughly $0.44 million.
Then, Wood John B bought 35,000 shares, generating $87,948 in total proceeds. Upon buying the shares at $2.51, the Chairman and CEO now owns 5,048,604 shares.
Before that, Wood John B bought 120,187 shares. Telos Corp shares valued at $263,907 were divested by the Chairman and CEO at a price of $2.20 per share. As a result of the transaction, Wood John B now holds 5,013,604 shares, worth roughly $20.96 million.
B. Riley Securities upgraded its Telos Corp [TLS] rating to a Buy from a a Neutral in a research note published on November 10, 2023; the price target was increased to $4.50 from $2.75. A number of analysts have revised their coverage, including Northland Capital’s analysts, who increased its forecast for the stock in late September from “a Market perform” to “an Outperform”. Northland Capital also remained covering TLS and has decreased its forecast on January 03, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. B. Riley Securities revised its rating on November 15, 2022. It rated TLS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TLS
On Tuesday, Telos Corp [NASDAQ:TLS] saw its stock fall -4.35% to $4.18. Over the last five days, the stock has gained 0.24%. Telos Corp shares have risen nearly 14.52% since the year began. Nevertheless, the stocks have risen 72.73% over the past one year. While a 52-week high of $5.00 was reached on 01/16/24, a 52-week low of $1.53 was recorded on 03/14/24. SMA at 50 days reached $3.93, while 200 days put it at $3.20. A total of 0.3 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For TLS Stock
The 24-hour chart illustrates a support level at 4.08, which if violated will result in even more drops to 3.98. On the upside, there is a resistance level at 4.36. A further resistance level may holdings at 4.54. The Relative Strength Index (RSI) on the 14-day chart is 54.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.62%. Stochastics %K at 55.92% indicates the stock is a holding.
How much short interest is there in Telos Corp?
A steep rise in short interest was recorded in Telos Corp stocks on Mar 15, 2024, dropping by 24690.0 shares to a total of 0.64 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.66 million shares. There was a decline of -3.86%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.19% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.55.
