Tetra Technologies, Inc. (TTI) concluded trading on Wednesday at a closing price of $3.70, with 5.62 million shares of worth about $20.78 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.69% during that period and on May 01, 2024 the price saw a loss of about -13.75%. Currently the company’s common shares owned by public are about 130.08M shares, out of which, 117.84M shares are available for trading.
Stock saw a price change of -16.85% in past 5 days and over the past one month there was a price change of -19.04%. Year-to-date (YTD), TTI shares are showing a performance of -18.14% which increased to 27.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.56 but also hit the highest price of $6.77 during that period. The average intraday trading volume for Tetra Technologies, Inc. shares is 1.36 million. The stock is currently trading -19.28% below its 20-day simple moving average (SMA20), while that difference is down -14.42% for SMA50 and it goes to -23.18% lower than SMA200.
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Tetra Technologies, Inc. (NYSE: TTI) currently have 130.08M outstanding shares and institutions hold larger chunk of about 70.40% of that.
The stock has a current market capitalization of $485.22M and its 3Y-monthly beta is at 2.22. PE ratio of stock for trailing 12 months is 23.39, while it has posted earnings per share of $0.16 in the same period. Its PEG reads 0.81 and has Quick Ratio of 1.64 while making debt-to-equity ratio of 1.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TTI, volatility over the week remained 5.39% while standing at 4.52% over the month.
Analysts are in expectations that Tetra Technologies, Inc. (TTI) stock would likely to be making an EPS of $0.12 in the current quarter, while forecast for next quarter EPS is $0.09 and it is $0.48 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.08 which is $0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 21.79% while it is estimated to increase by 47.79% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by The Benchmark Company on September 28, 2023 offering a Buy rating for the stock and assigned a target price of $8 to it. Coverage by Johnson Rice stated Tetra Technologies, Inc. (TTI) stock as a Buy in their note to investors on June 24, 2022, suggesting a price target of $7 for the stock. On February 03, 2021, Stifel Upgrade their recommendations, while on February 02, 2021, Evercore ISI Upgrade their ratings for the stock with a price target of $3. Stock get an Equal weight rating from Wells Fargo on March 13, 2020.
