Tetra Technologies, Inc (NYSE:TTI) price on current trading day, fall -0.20% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.97.
A look at the stock’s price movement, the level at last check in today’s session was $4.98, moving within a range at $4.93 and $5.12. The beta value (5-Year monthly) was 2.056 while the PE ratio in trailing twelve months stood at 410.74. Turning to its 52-week performance, $5.08 and $2.68 were the 52-week high and 52-week low respectively. Overall, TTI moved 38.06% over the past month.
Tetra Technologies, Inc’s market cap currently stands at around $655.09 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 138.2M for the company’s revenue for the quarter, with a low and high estimate of 134.2M and 141.4M respectively. The average forecast suggests down to a -9.75% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 602.65M, representing a -3.77% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TTI is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend TTI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TTI’s current price about 28.01% and 29.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 83.15, while 7-day volatility ratio is 6.91% and 5.42% in the 30-day chart. Further, Tetra Technologies, Inc (TTI) has a beta value of 2.04, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $8 and high of $8. Looking at the price targets, the low is -60.97% off recent price level in today’s trading while to achieve the yearly target high, it has to move -60.97%. Nonetheless, investors will most likely welcome a -60.97% jump to $8 which is the analysts’ median price.
If we refocus on Tetra Technologies, Inc (NYSE:TTI), historical trading data shows that trading volumes averaged 1.45 over the past 10 days and 1.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 131.79 million shares.
The 5.27% of Tetra Technologies, Inc’s shares are in the hands of company insiders while institutional holders own 69.67% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.93 million on 2024-12-31, giving us a short ratio of 3.59. The data shows that as of 2024-12-31 short interest in Tetra Technologies, Inc (TTI) stood at 234.0 of shares outstanding, with shares short rising to 2.92 million registered in 2024-11-29. Current price change has pushed the stock 38.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TTI stock continues to rise going into the next quarter.
