Energy Recovery Inc (ERII) concluded trading on Thursday at a closing price of $15.63, with 3.09 million shares of worth about $48.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.61% during that period and on November 21, 2024 the price saw a gain of about 0.84%. Currently the company’s common shares owned by public are about 56.88M shares, out of which, 56.02M shares are available for trading.
Stock saw a price change of -17.74% in past 5 days and over the past one month there was a price change of -12.58%. Year-to-date (YTD), ERII shares are showing a performance of -17.04% which decreased to -18.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.26 but also hit the highest price of $20.27 during that period. The average intraday trading volume for Energy Recovery Inc shares is 405.77K. The stock is currently trading -13.60% below its 20-day simple moving average (SMA20), while that difference is down -12.11% for SMA50 and it goes to 0.81% higher than SMA200.
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Energy Recovery Inc (NASDAQ: ERII) currently have 56.88M outstanding shares and institutions hold larger chunk of about 89.30% of that.
The stock has a current market capitalization of $904.89M and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 46.92, while it has posted earnings per share of $0.33 in the same period. Its PEG reads 2.35 and has Quick Ratio of 8.29 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ERII, volatility over the week remained 9.37% while standing at 5.17% over the month.
Stock’s fiscal year EPS is expected to rise by 5.86% while it is estimated to increase by 35.69% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of -1.38% made by the stock over the past 5-years.
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 Raymond James on July 09, 2024 offering a Strong buy rating for the stock and assigned a target price of $21 to it. Coverage by B. Riley Securities stated Energy Recovery Inc (ERII) stock as a Buy in their note to investors on November 17, 2022, suggesting a price target of $28 for the stock. Stock get an Outperform rating from Evercore ISI on January 04, 2021.
