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TMUS Stock Forecast: Will (NASDAQ: TMUS) Jump $150 By Year End?

The TMUS stock has a CMP of $139.03 and an intraday gain of 1.16%. TMUS’s average volume for the last 10 days is 4.975 Million and its current volume is 4.871 Million. The TMUS stock has a share float of 474.226 Million shares and a market cap of $163.563 Billion. 

TMUS stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $210.60 Billion and total liabilities of $144.85 Billion. The debt-to-assets ratio is at 68.78%.

The TMUS latest quarterly earnings report for the period ending June 2023, displayed a revenue of $19.20 Billion, with a net income of $2.22 Billion, and a gain in profit margin from the last quarter of 11.57%. 

This quarter, the TMUS reported revenue missed analysts’ estimates by negative $160.562 Million (0.83%). Moreover, the TMUS stock reported an EPS of $1.86 for the period ending June 2023, beating the analysts’ estimate of $1.692 by 9.92%.  

The next quarter’s revenue is estimated to be $19.372 Billion and the estimated EPS to be $1.795. The report will be released on October 25th, 2023.

TMUS stock did not pay any dividends until now but it will start paying dividends from the period ending September 2023. The next dividend payment will be $0.65 per share. The next ex-dividend date will be November 30, 2023.

Moreover, the stock rating for TMUS is strongly positive and highly recommended based on 28 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for the stock by 25 analysts range between $118.49 to $210.00.

TMUS Stock Price Technical Analysis in 1-D Timeframe

At the time of publishing, the major EMAs in T-Mobile US Inc. (NASDAQ: TMUS) are bullish. The MACD shows a bearish cross but the curve is narrowing and a bullish cross is anticipated next on the charts. The RSI is at 50 approaching to cut 14 SMA from below. The overall indicator tools are showing positive traits on the charts.

TMUS Stock Forecast: Will (NASDAQ: TMUS) Jump $150 By Year End?
Source: TMUS.1D.NASDAQ by TradingView
TMUS Stock Forecast: Will (NASDAQ: TMUS) Jump $150 By Year End?
Source: TMUS.1D.NASDAQ by TradingView

The TMUS price surged from $125 support on the charts by June 2023 and reached a high of $144 by making higher highs and lows but faced resistance and slid some points to form support at around $135, where the price is trying to take support. 

TMUS stock’s journey had some setbacks but it overcame and showed wonderful performance by rising upwards in the last two years.

Therefore, if T-Mobile US stock manages to gain strong buying momentum and surges above the swing high, it can trigger a rally and the probable resistance levels are $140 and $145.

Alternatively, if the stock continues to fall below and if it breaks below $135, then it could fall to $130. 

Summary

T-Mobile US Inc. (NASDAQ: TMUS) chart indicates that the traders and investors of the stock price are bullish and positive on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of T-Mobile US stock price such as EMA, RSI, and MACD highlight upward signals and supports bullishness.

Technical Levels

Support Levels: $135 and $130

Resistance Levels: $140 and $145

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Ahtesham Anis
Ahtesham Anis
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.