What’s Next for Teligent, Inc. (TLGT) After Forming Double Bottom?

February 15, 2018 - By Darrin Black

The chart of Teligent, Inc. (TLGT) shows a double bottom with $3.05 target or 3.00 % below today’s $3.14 share price. The 9 months chart pattern indicates high risk for the $167.68 million company. It was reported on Feb, 15 by Finviz.com. If the $3.05 price target is reached, the company will be worth $5.03 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.95% or $0.06 during the last trading session, reaching $3.14. About 223,039 shares traded. Teligent, Inc. (NASDAQ:TLGT) has risen 64.58% since February 15, 2017 and is uptrending. It has outperformed by 47.88% the S&P500.

Analysts await Teligent, Inc. (NASDAQ:TLGT) to report earnings on March, 6. After $-0.09 actual earnings per share reported by Teligent, Inc. for the previous quarter, Wall Street now forecasts 33.33 % negative EPS growth.

Another recent and important Teligent, Inc. (NASDAQ:TLGT) news was published by Globenewswire.com which published an article titled: “Teligent, Inc. Announces FDA Approval of Betamethasone Dipropionate Lotion USP …” on February 14, 2018.

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