News articles about Telenav (NASDAQ:TNAV) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Telenav earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 47.506901177088 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
TNAV stock traded down $0.10 during mid-day trading on Wednesday, reaching $5.50. The company’s stock had a trading volume of 23,455 shares, compared to its average volume of 71,611. The company has a market cap of $250.57 million, a price-to-earnings ratio of -2.82 and a beta of 0.80. Telenav has a fifty-two week low of $4.50 and a fifty-two week high of $6.85.
Telenav (NASDAQ:TNAV) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported ($0.54) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.05. The company had revenue of $16.62 million during the quarter, compared to the consensus estimate of $15.58 million. Telenav had a negative net margin of 83.93% and a negative return on equity of 109.70%. analysts anticipate that Telenav will post -0.96 earnings per share for the current year.
A number of research analysts recently weighed in on TNAV shares. ValuEngine raised shares of Telenav from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 2nd. BidaskClub upgraded shares of Telenav from a “sell” rating to a “hold” rating in a report on Friday, June 15th. B. Riley reiterated a “buy” rating on shares of Telenav in a report on Monday, July 23rd. Finally, Zacks Investment Research upgraded shares of Telenav from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $8.33.
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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