Tennant Company Stock Price on October 3, 2024
| TNC Stock | USD 88.37 0.08 0.09% |
Below is the normalized historical share price chart for Tennant Company extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Tennant stands at 88.37, as last reported on the 29th of November, with the highest price reaching 88.84 and the lowest price hitting 87.64 during the day.
If you're considering investing in Tennant Stock, it is important to understand the factors that can impact its price. Tennant Company owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0479, which indicates the firm had a -0.0479% return per unit of risk over the last 3 months. Tennant Company exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tennant's Variance of 3.52, coefficient of variation of (1,672), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide.
At present, Tennant's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 68.1 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 16.2 M. . At present, Tennant's Price Earnings To Growth Ratio is projected to slightly grow based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 9.34, whereas Price To Sales Ratio is forecasted to decline to 0.82. Tennant Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of March 1992 | 200 Day MA 101.441 | 50 Day MA 90.8856 | Beta 0.997 |
Tennant |
Sharpe Ratio = -0.0479
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| Negative Returns | TNC |
Estimated Market Risk
| 1.86 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tennant is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tennant by adding Tennant to a well-diversified portfolio.
Price Book 2.5746 | Enterprise Value Ebitda 9.7711 | Price Sales 1.3129 | Shares Float 18.6 M | Dividend Share 1.12 |
Tennant Valuation on October 3, 2024
It is possible to determine the worth of Tennant on a given historical date. On October 3, 2024 Tennant was worth 92.35 at the beginning of the trading date compared to the closed value of 90.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tennant stock. Still, in general, we apply an absolute valuation method to find Tennant's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tennant where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tennant's related companies.
| Open | High | Low | Close | Volume | |
| 92.79 | 93.95 | 92.57 | 93.17 | 49,682 | |
10/03/2024 | 92.35 | 92.88 | 90.46 | 90.47 | 85,184 |
| 91.41 | 92.14 | 90.85 | 91.68 | 61,806 |
| Backtest Tennant | | | Tennant History | | | Tennant Valuation | Previous | Next |
Tennant Trading Date Momentum on October 3, 2024
| On October 04 2024 Tennant Company was traded for 91.68 at the closing time. Highest Tennant's price during the trading hours was 92.14 and the lowest price during the day was 90.85 . The net volume was 61.8 K. The overall trading history on the 4th of October contributed to the next trading period price growth. The trading price change to the next next day price was 1.34% . The trading price change to current price is 2.94% . |
Tennant Company Fundamentals Correlations and Trends
By evaluating Tennant's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tennant's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tennant financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tennant Stock history
Tennant investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tennant is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tennant Company will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tennant stock prices may prove useful in developing a viable investing in Tennant
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 18.8 M | 16.2 M | |
| Net Income Applicable To Common Shares | 76.2 M | 80.1 M |
Tennant Quarterly Net Working Capital |
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Tennant Stock Technical Analysis
Tennant technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Tennant Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Tennant Company cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tennant November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Tennant stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tennant shares will generate the highest return on investment. By undertsting and applying Tennant stock market strength indicators, traders can identify Tennant Company entry and exit signals to maximize returns
Tennant Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tennant's price direction in advance. Along with the technical and fundamental analysis of Tennant Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tennant to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.08) |
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| Volume Indicators |
Complementary Tools for Tennant Stock analysis
When running Tennant's price analysis, check to measure Tennant's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tennant is operating at the current time. Most of Tennant's value examination focuses on studying past and present price action to predict the probability of Tennant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tennant's price. Additionally, you may evaluate how the addition of Tennant to your portfolios can decrease your overall portfolio volatility.
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