Tetra Tech, Inc (NASDAQ:TTEK) shares, rose in value, with the stock price down by -0.19% to the previous day’s close as strong demand from buyers drove the stock to $34.81.
Actively observing the price movement in the recent trading, the stock is buoying the session at $34.88. The PE ratio was 36.34 over 12-month period. Referring to stock’s 52-week performance, its high was $51.20, and the low was $27.27. On the whole, TTEK has fluctuated by 16.56% over the past month.
With the market capitalization of Tetra Tech, Inc currently standing at about $9.33 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.70, with its dividend yield at 2.00%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.55B, with a low estimate of 1.06B and a high estimate of 1.22B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.12B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TTEK’s technical picture suggests that short-term indicators denote the stock is a Hold 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% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.05, with the price of TTEK currently trading nearly 11.85% and 15.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.08, while the 7-day volatility ratio is showing 3.09% which for the 30-day chart, stands at 3.08%. Furthermore, Tetra Tech, Inc (TTEK)’s beta value is 0.93, and its average true range (ATR) is 1.09.
A comparison of Tetra Tech, Inc (TTEK) with its peers suggests the former has fared considerably weaker in the market. TTEK showed an intraday change of -0.19% in today’s session so far, and over the past year, it shrunk by -18.23%%.
Data on historical trading for Tetra Tech, Inc (NASDAQ:TTEK) indicates that the trading volumes over the past 3 months, they’ve averaged 2.41 million. According to company’s latest data on outstanding shares, there are 268.03 million shares outstanding.
Nearly 0.46% of Tetra Tech, Inc’s shares belong to company insiders and institutional investors own 91.39% of the company’s shares. The stock has fallen by -12.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TTEK stock heading into the next quarter.
