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Tuesday, October 3, 2023

Tata Motors Limited (NYSE:TTM) on the Path to Profitability

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Tata Motors Limited (TTM) shares are trading at higher $12.52 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $7.10.

To add more color to this target, the company’s high over the last year is $14.03 and the low is $3.92. Over the last 52 weeks, TTM is up 10.11% while the S&P 500 is up 17.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TTM reported a profit of $2.71 billion. Tata Motors Limited also saw revenues increase to $7.23 billion. In addition, TTM has free cash flow of -$871.73 million as of 09-2020. The company’s EBITDA came in at $94.1 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TTM has a short ratio of 2.91 and outstanding shares of 719.49M.

Company Outlook

TTM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.89 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.94. Tata Motors Limited TTM also noted assets of $41.6 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TTM has historically followed its peers on positive news.

All told, Tata Motors Limited TTM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TTM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Tata Motors Limited TTM is now commanding a market cap of 9.01B and a float of 411.75M. TTM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TTM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in TTM, either long or short, and we have not been compensated for this article.

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