Tetra Tech, Inc (TTEK): Not A Time To Panic Nor Freeze

Tetra Tech, Inc (TTEK) concluded trading on Wednesday at a closing price of $37.67, with 4.63 million shares of worth about $174.46 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.30% during that period and on January 29, 2025 the price saw a loss of about -2.84%. Currently the company’s common shares owned by public are about 267.72M shares, out of which, 266.72M shares are available for trading.

Stock saw a price change of -9.84% in past 5 days and over the past one month there was a price change of -6.34%. Year-to-date (YTD), TTEK shares are showing a performance of -5.45% which increased to 16.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.61 but also hit the highest price of $51.20 during that period. The average intraday trading volume for Tetra Tech, Inc shares is 2.32 million. The stock is currently trading -6.65% below its 20-day simple moving average (SMA20), while that difference is down -7.96% for SMA50 and it goes to -13.12% lower than SMA200.

Tetra Tech, Inc (NASDAQ: TTEK) currently have 267.72M outstanding shares and institutions hold larger chunk of about 89.22% of that.

The stock has a current market capitalization of $10.10B and its 3Y-monthly beta is at 0.89. PE ratio of stock for trailing 12 months is 30.52, while it has posted earnings per share of $1.23 in the same period. Its PEG reads 2.02 and has Quick Ratio of 1.25 while making debt-to-equity ratio of 0.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TTEK, volatility over the week remained 4.12% while standing at 2.56% over the month.

Stock’s fiscal year EPS is expected to rise by 14.68% while it is estimated to increase by 13.66% in next year. EPS is likely to shrink at an annualized rate of 15.13% for next 5-years, compared to annual growth of 16.83% 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 Maxim Group on May 16, 2024 offering a Buy rating for the stock and assigned a target price range of between $234 and $268 to it. Coverage by Northcoast stated Tetra Tech, Inc (TTEK) stock as a Buy in their note to investors on May 02, 2024, suggesting a price target of $225 for the stock. Stock get an Outperform rating from RBC Capital Mkts on August 28, 2023.

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