Energy Recovery Inc (NASDAQ:ERII) shares, rose in value, with the stock price down by -22.61% to the previous day’s close as strong demand from buyers drove the stock to $11.64.
Actively observing the price movement in the recent trading, the stock is buoying the session at $15.04. The PE ratio was 29.12 over 12-month period. Referring to stock’s 52-week performance, its high was $20.27, and the low was $12.26. On the whole, ERII has fluctuated by -18.66% over the past month.
With the market capitalization of Energy Recovery Inc currently standing at about $637.36 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 159.04M, with a low estimate of 28M and a high estimate of 35.06M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 30.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ERII’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.96, with the price of ERII currently trading nearly -21.91% and -24.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 23.47, while the 7-day volatility ratio is showing 2.50% which for the 30-day chart, stands at 3.69%. Furthermore, Energy Recovery Inc (ERII)’s beta value is 1.12, and its average true range (ATR) is 0.80.
A comparison of Energy Recovery Inc (ERII) with its peers suggests the former has fared considerably weaker in the market. ERII showed an intraday change of -22.61% in today’s session so far, and over the past year, it shrunk by -13.33%%.
Data on historical trading for Energy Recovery Inc (NASDAQ:ERII) indicates that the trading volumes over the past 3 months, they’ve averaged 414.45K. According to company’s latest data on outstanding shares, there are 54.79 million shares outstanding.
Nearly 3.55% of Energy Recovery Inc’s shares belong to company insiders and institutional investors own 84.85% of the company’s shares. The stock has fallen by -20.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ERII stock heading into the next quarter.
