Tetra Technologies, Inc. (NYSE:TTI) shares, rose in value, with the stock price up by 5.34% to the previous day’s close as strong demand from buyers drove the stock to $4.93.
Actively observing the price movement in the last trading, the stock closed the session at $4.68. The value of beta (5-year monthly) was 2.23 whereas the PE ratio was 24.92 over 12-month period. Referring to stock’s 52-week performance, its high was $6.77, and the low was $2.56. On the whole, TTI has fluctuated by 25.77% over the past month.
With the market capitalization of Tetra Technologies, Inc. currently standing at about $642.92 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 29, 2024 – May 03, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.03, which is expected to increase to $0.14 for fiscal year $0.33 and then to about $0.49 by fiscal year 2025. Data indicates that the EPS growth is expected to be 26.90% in 2025, while the next year’s EPS growth is forecast to be 48.50%.
Analysts have estimated the company’s revenue for the quarter at $153.65 million, with a low estimate of $149.93 million and a high estimate of $158.4 million. According to the average forecast, sales growth in current quarter could jump up 5.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $674.85 million, representing an increase of 7.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that TTI’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 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.86, with the price of TTI currently trading nearly 13.07% and 18.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.93, while the 7-day volatility ratio is showing 4.97% which for the 30-day chart, stands at 4.34%. Furthermore, Tetra Technologies, Inc. (TTI)’s beta value is 2.22, and its average true range (ATR) is 0.19.
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 5.34% in last session, and over the past year, it grew by 78.62%%.
Data on historical trading for Tetra Technologies, Inc. (NYSE:TTI) indicates that the trading volumes over the past 10 days have averaged 1.16 million and over the past 3 months, they’ve averaged 1.44 million. According to company’s latest data on outstanding shares, there are 130.08 million shares outstanding.
Nearly 10.14% of Tetra Technologies, Inc.’s shares belong to company insiders and institutional investors own 70.55% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.19 million shares as on Mar 15, 2024, resulting in a short ratio of 1.91. According to the data, the short interest in Tetra Technologies, Inc. (TTI) stood at 2.45% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.01 million. The stock has risen by 9.07% 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.
