TSAT Stock Summary and Trading Ideas (Telesat - Class A Common Shares And Class B Variable Voting Shares | NASDAQ:TSAT)

Telesat Corp is a global satellite operator, that provides its customers with mission-critical communications services. It operates in a single operating segment, in which it provides satellite-based services to its broadcast, enterprise, and consulting customers around the world. Geographically, it derives a majority of its revenue from Canada. It derives revenue from Broadcast, Enterprise, Consulting, and others.

Telesat - Class A Common Shares And Class B Variable Voting Shares trades on the NASDAQ stock market under the symbol TSAT.

As of December 12, 2024, TSAT stock price declined to $17.30 with 54,443 million shares trading.

TSAT has a beta of 0.33, meaning it tends to be less sensitive to market movements. TSAT has a correlation of 0.00 to the broad based SPY ETF.

TSAT has a market cap of $237.94 million. This is considered a Small Cap stock.

In the last 3 years, TSAT traded as high as $34.96 and as low as $6.00.

TSAT has outperformed the market in the last year with a price return of +68.3% while the SPY ETF gained +32.3%. TSAT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +68.6% and +31.5%, respectively, while the SPY returned +9.3% and +0.9%, respectively.

TSAT support price is $16.19 and resistance is $18.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TSAT shares will trade within this expected range on the day.