Analyze TETRA Technologies Inc. (NYSE: TTI) Before Investing.

TETRA Technologies Inc. (NYSE:TTI) price is hovering lower on Tuesday, September 19, dropping -1.74% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $6.32, with intraday deals fluctuating between $6.30 and $6.4913. The company’s 5Y monthly beta was ticking 2.61 while its P/E ratio in the trailing 12-month period read 36.10. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.54 and 52-week low of $2.43. The stock added 18.29% on its value in the past month.

TETRA Technologies Inc., which has a market valuation of $806.99 million, is expected to release its quarterly earnings report Oct 30, 2023 – Nov 03, 2023. Analysts tracking TTI have forecast the quarterly EPS to grow by 0.08 per share this quarter, while the same analysts predict the annual EPS to hit $0.34 for the year 2023 and up to $0.45 for 2024. In this case, analysts estimate an annual EPS growth of 126.70% for the year and 32.40% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $157.8 million, with the likely lows of $154 million and highs of $164.1 million. The average estimate suggests sales growth for the quarter will likely rise by 16.80% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $643.27 million for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 16.30% above that which the company brought in 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TTI a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned TTI a recommendation rating as follows: 0 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the TETRA Technologies Inc. (TTI) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.24. The overview shows that TTI’s price is at present 7.91% off the SMA20 and 22.04% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 64.62, with weekly volatility standing at 4.70%. The indicator jumps to 4.04% when calculated based on the past 30 days. TETRA Technologies Inc. (NYSE:TTI)’s beta value is holding at 2.59, while the average true range (ATR) indicator is currently reading 0.25. Considering analysts have assigned the stock a price target range of $7.00-$8.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $7.50. Based on this estimate, we see that today’s price at last check is roughly -12.72% off the estimated low and -28.82% off the forecast high. Investors will no doubt be excited to see the share price fall to $7.50, which is the median consensus price, and at that level TTI would be -20.77% from recent price.

Turning out attention to how the TETRA Technologies Inc. stock has performed in comparison to its peers in the industry, here’s what we find: TTI’s stock is -1.74% on the day and 48.21% in the past 12 months, while Schlumberger Limited (SLB) traded -0.36% in the latest session and is positioned 58.95% up on its price 12 months ago. Another comparison is with Helix Energy Solutions Group Inc. (HLX) whose stock price is down -0.73% in the current trading session, and has flourished 140.44% over the past year. Also, RPC Inc. (RES) is currently showing up trend of 1.86% while its price kept floating at 20.15% over the past year. As for TETRA Technologies Inc., the P/E ratio stands at 36.10 higher than that of Schlumberger Limited’s at 22.33. Elsewhere in the market, the S&P 500 Index has stumbled -0.68% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.67%.

An analysis of the TETRA Technologies Inc. (NYSE:TTI) stock in terms of its daily trading volume indicates that the 3-month average is 1.81 million. However, this figure increases on the past 10-day timeline to an average of 2.37 million.

Current records show that the company has 129.46M in outstanding shares. The insiders’ percentage holdings are 2.60% of outstanding shares while the percentage share held by institutions stands at 62.60%. The stats also highlight that short interest as of Aug 30, 2023, stood at 2.8 million shares, which puts the short ratio at the time at 1.56. From this we can glean that short interest is 2.16% of company’s current outstanding shares. Notably, we see that shares short in August rose slightly given the previous month’s figure stood at 2.11 million. But the 79.48% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.