Tetra Technologies, Inc (NYSE:TTI) price on current trading day, fall -4.15% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.93.
A look at the stock’s price movement, the close in the last trading session was $4.10. The PE ratio in trailing twelve months stood at 4.82. Turning to its 52-week performance, $5.12 and $2.68 were the 52-week high and 52-week low respectively. Overall, TTI moved -9.45% over the past month.
Tetra Technologies, Inc’s market cap currently stands at around $518.01 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 171.3M for the company’s revenue for the quarter, with a low and high estimate of 171.3M and 171.3M respectively. The average forecast suggests up to a 13.46% 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 658.4M, representing a 9.90% jump 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 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 -8.83% and -4.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.59, while 7-day volatility ratio is 7.87% and 5.08% in the 30-day chart. Further, Tetra Technologies, Inc (TTI) has a beta value of 2.03, and an average true range (ATR) of 0.23. 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 -103.56% off current price level while to achieve the yearly target high, price needs to move -103.56%. Nonetheless, investors will most likely welcome a -103.56% 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 1.01 million over the past 3 months. The company’s latest data on shares outstanding shows there are 131.81 million shares.
The 5.27% of Tetra Technologies, Inc’s shares are in the hands of company insiders while institutional holders own 69.38% of the company’s shares. Current price change has pushed the stock 9.78% 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.
