Tetra Tech, Inc (NASDAQ:TTEK) shares, rose in value on Friday, November 01, with the stock price up by 0.08% to the previous day’s close as strong demand from buyers drove the stock to $48.92.
Actively observing the price movement in the last trading, the stock closed the session at $48.88, falling within a range of $48.81 and $49.43. The value of beta (5-year monthly) was 0.943 whereas the PE ratio was 45.29 over 12-month period. Referring to stock’s 52-week performance, its high was $50.69, and the low was $29.31. On the whole, TTEK has fluctuated by 1.43% over the past month.
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With the market capitalization of Tetra Tech, Inc currently standing at about $13.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-13. The company’s Forward Dividend Ratio is 1.10, with its dividend yield at 2.25%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.31B, with a low estimate of 1.12B and a high estimate of 1.14B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.13B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TTEK’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 9.24, with the price of TTEK currently trading nearly -0.09% and 2.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.44, while the 7-day volatility ratio is showing 2.25% which for the 30-day chart, stands at 1.92%. Furthermore, Tetra Tech, Inc (TTEK)’s beta value is 0.94, and its average true range (ATR) is 0.97.
A comparison of Tetra Tech, Inc (TTEK) with its peers suggests the former has fared considerably weaker in the market. TTEK showed an intraday change of 0.08% in last session, and over the past year, it grew by 63.81%%.
Data on historical trading for Tetra Tech, Inc (NASDAQ:TTEK) indicates that the trading volumes over the past 10 days have averaged 1.57 and over the past 3 months, they’ve averaged 1.33 million. According to company’s latest data on outstanding shares, there are 267.66 million shares outstanding.
Nearly 0.41% of Tetra Tech, Inc’s shares belong to company insiders and institutional investors own 91.92% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.4 million shares as on 2024-10-15, resulting in a short ratio of 2.69. According to the data, the short interest in Tetra Tech, Inc (TTEK) stood at 161.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.44 million. The stock has risen by 46.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TTEK stock heading into the next quarter.
