Tetra Technologies, Inc (NYSE:TTI) shares, rose in value on Friday, January 24, with the stock price down by -1.71% to the previous day’s close as strong demand from buyers drove the stock to $4.60.
Actively observing the price movement in the last trading, the stock closed the session at $4.68, falling within a range of $4.555 and $4.76. The value of beta (5-year monthly) was 2.056 whereas the PE ratio was 380.17 over 12-month period. Referring to stock’s 52-week performance, its high was $5.12, and the low was $2.68. On the whole, TTI has fluctuated by 34.50% over the past month.
With the market capitalization of Tetra Technologies, Inc currently standing at about $606.33 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 602.65M, with a low estimate of 134.2M and a high estimate of 141.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 138.2M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TTI’s technical picture suggests that short-term indicators denote the stock is a 100% 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 50% Buy.
The stock’s technical analysis shows that the price of TTI currently trading nearly 11.41% and 17.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.98, while the 7-day volatility ratio is showing 4.87% which for the 30-day chart, stands at 4.92%. Furthermore, Tetra Technologies, Inc (TTI)’s beta value is 2.08, and its average true range (ATR) is 0.22.
A comparison of Tetra Technologies, Inc (TTI) with its peers suggests the former has fared considerably weaker in the market. TTI showed an intraday change of -1.71% in last session, and over the past year, it grew by 8.24%%.
Data on historical trading for Tetra Technologies, Inc (NYSE:TTI) indicates that the trading volumes over the past 10 days have averaged 1.85 and over the past 3 months, they’ve averaged 1.15 million. According to company’s latest data on outstanding shares, there are 131.79 million shares outstanding.
Nearly 5.27% of Tetra Technologies, Inc’s shares belong to company insiders and institutional investors own 69.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.93 million shares as on 2024-12-31, resulting in a short ratio of 3.59. According to the data, the short interest in Tetra Technologies, Inc (TTI) stood at 234.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 2.92 million. The stock has risen by 28.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TTI stock heading into the next quarter.
