TETRA Technologies Inc. (TTI): Significant Improvements, Worth Being Considered – Stocks Register
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TETRA Technologies Inc. (TTI): Significant Improvements, Worth Being Considered

TETRA Technologies Inc. (NYSE:TTI) concluded the trading at $3.20 on Friday, January 14 with a rise of 2.89% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $3.11 and 5Y monthly beta was reading 3.10 with its price kept floating in the range of $3.08 and $3.21 on the day. Considering stock’s 52-week price range provides that TTI hit a high price of $4.49 and saw its price falling to a low level of $1.16 during that period. Over a period of past 1-month, stock came adding 27.49% in its value.

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With its current market valuation of $410.21 million, TETRA Technologies Inc. is set to declare its quarterly results on Nov 01, 2021 – Nov 05, 2021. Analysts are in estimates of $0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$0.04 for 2021 with estimates of that growing to $0.14 in next year. These estimates are suggesting current year growth of 77.80% for EPS and 450.00% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $108.3 million. They suggested that in the process company could generate revenue of as low as $108 million which could climb up to $108.6 million to hit a high. The average estimate is representing an increase of 43.50% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $383.35 million in 2021, which will be 1.50% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review TTI stock’s current outlook then short term indicators are assigning it an average of 25% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of Hold for it.

Digging deeper we become aware of the PEG ratio of the TTI stock which is currently positioned at 0. It further provides that stock’s current price level is 10.57% away from its 20-day simple moving average and is 8.92% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 62.18 while volatility remained at 5.53% over the past week which changes to 5.83% when measuring it over the past month. Beta is valued at 3.06, while measure of average true range or ATR is currently at 0.16.

In comparing TETRA Technologies Inc. (TTI)’s stock with other industry players reveals that stock’s current price change of 2.89% and that of 146.15% over the past 12 months is in competing position with that of Schlumberger Limited (SLB) which saw its stock price raised by 4.53% in the last trading and went through an increase of 51.79% in past 12-month trading. Industry’s another major player Helix Energy Solutions Group Inc. (HLX) has rise 3.81% up in previous session, but over the past year has faced a fall of -18.42%, while RPC Inc. (RES) was also up 6.38% however its price remained floating in the green at 56.66% over the same period. TETRA Technologies Inc. has a P/E ratio of 0 against that of Schlumberger Limited’s 32.34. On the other hand, the S&P 500 Index was up 0.08% in the last trading session while the Dow Jones Industrial closed the session lower at -0.56%.

Having a second look at TETRA Technologies Inc. (NYSE:TTI) provides that stock’s average daily trading volume for 3 months was 1.08 million, while it jumped to 0.76 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 126.73 million.

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The percentage of outstanding shares held by the insiders is 1.80% while it is 61.70% for the institutional holders. The figures also indicate that as of Dec 14, 2021, number of stock’s short shares was 2.61 million which implies a short ratio of 2.31. This shows down a 2.06% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 2.82 million in the previous month. Addition of 12.68% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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