News coverage about Telenav (NASDAQ:TNAV) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Telenav earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 48.1326171520062 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Telenav remained flat at $$5.35 during mid-day trading on Wednesday, Marketbeat.com reports. 100 shares of the company’s stock were exchanged, compared to its average volume of 38,655. The company has a market cap of $241.62 million, a P/E ratio of -4.91 and a beta of 0.98. Telenav has a twelve month low of $4.50 and a twelve month high of $8.75.
Telenav (NASDAQ:TNAV) last issued its earnings results on Thursday, May 3rd. The technology company reported ($0.58) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.60) by $0.02. The business had revenue of $13.82 million for the quarter, compared to the consensus estimate of $13.52 million. Telenav had a negative net margin of 58.01% and a negative return on equity of 83.65%. analysts anticipate that Telenav will post -1.97 earnings per share for the current year.
Several equities analysts recently commented on the stock. ValuEngine downgraded shares of Telenav from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Telenav from a “sell” rating to a “hold” rating in a report on Thursday, April 5th. Finally, B. Riley reiterated a “buy” rating and set a $9.50 price target on shares of Telenav in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.17.
Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and mobile phone-based wireless connectivity and brought-in navigation services.
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