Currently, there are 268.03M common shares owned by the public and among those 266.72M shares have been available to trade.
The company’s stock has a 5-day price change of -11.35% and -31.62% over the past three months. TTEK shares are trading -14.13% year to date (YTD), with the 12-month market performance up to 8.14% higher. It has a 12-month low price of $31.09 and touched a high of $51.20 over the same period. TTEK has an average intraday trading volume of 2.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.95%, -15.76%, and -21.03% respectively.
Institutional ownership of Tetra Tech, Inc (NASDAQ: TTEK) shares accounts for 88.58% of the company’s 268.03M shares outstanding.
It has a market capitalization of $9.17B and a beta (3y monthly) value of 0.88. The stock’s trailing 12-month PE ratio is 35.71, while the earnings-per-share (ttm) stands at $0.96. The company has a PEG of 2.29 and a Quick Ratio of 1.29 with the debt-to-equity ratio at 0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.16% over the week and 3.77% over the month.
Earnings per share for the fiscal year are expected to increase by 12.21%, and 12.46% over the next financial year. EPS should shrink at an annualized rate of 15.62% over the next five years, compared to 16.83% over the past 5-year period.
Looking at the support for the TTEK, a number of firms have released research notes about the stock. Maxim Group stated their Buy rating for the stock in a research note on May 16, 2024, with the firm’s price target at $234-$268. Northcoast coverage for the Tetra Tech, Inc (TTEK) stock in a research note released on May 02, 2024 offered a Buy rating with a price target of $225. RBC Capital Mkts on their part issued Outperform rating on August 28, 2023.
