In a recent transaction on March 25, Michael J. Caliel, a director of TEAM Inc (NYSE:TISI), a company specializing in miscellaneous repair services, acquired shares worth approximately $16,800. The purchase involved 2,404 shares of common stock at a weighted average price of $7.00 per share.
The transaction took place in multiple segments, with prices ranging from $6.99 to $7.00, inclusive. Following the acquisition, Caliel's ownership in the company has increased to a total of 45,000 shares of TEAM Inc's common stock.
Investors often monitor insider transactions as they can provide insights into the confidence levels that company executives and directors have about the business's prospects. The recent purchase by Caliel may be interpreted by some as a positive signal about the company's future performance.
TEAM Inc has not issued any additional comments regarding this transaction. Interested parties, including shareholders and the staff of the Securities and Exchange Commission, can request detailed information about the exact number of shares purchased at each price within the reported range.
InvestingPro Insights
TEAM Inc's (NYSE:TISI) recent insider transaction coincides with noteworthy financial metrics and market performance. The company's market capitalization currently stands at a modest $33.78 million, reflecting its position in the industry. Despite a challenging period, TEAM Inc has shown a significant return over the last week, with a 10.03% price total return, indicating a possible shift in investor sentiment.
An InvestingPro Tip suggests that TEAM Inc operates with a significant debt burden, which may raise concerns about its financial stability. This is compounded by the company's difficulty in generating free cash flow, as indicated by a negative P/E ratio of -0.41 for the last twelve months as of Q4 2023. Additionally, TEAM Inc has not been profitable over the last twelve months, which is a critical factor for investors to consider.
Despite these challenges, another InvestingPro Tip highlights that TEAM Inc's liquid assets exceed its short-term obligations, which could provide some financial flexibility in the near term. Moreover, the InvestingPro Fair Value estimate for TEAM Inc is $8.92, suggesting potential undervaluation at the current price of $6.91.
For investors seeking a deeper analysis, there are 10 additional InvestingPro Tips available for TEAM Inc, which can be accessed at https://www.investing.com/pro/TISI. To enhance your investment research, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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