An Analysis Of TETRA Technologies Inc. (TTI)’s Weekly Performance


As of Friday close, TETRA Technologies Inc.’s (NYSE:TTI) stock was down -$0.15, moving down -5.62 percent to $2.52. The average number of shares traded per day over the past five days has been 3,341,980 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.70 fall in that time frame. In the last twenty days, the average volume was 2,030,385, while in the previous 50 days, it was 1,310,912.

Since last month, TTI stock retreated -36.52%. Shares of the company fell to $2.49 on 03/17/23, the lowest level in the past month. A 52-week high of $5.82 was reached on 02/14/23 after having rallying from a 52-week low of $2.55. Since the beginning of this year, TTI’s stock price has dropped by -27.17% or -$0.94, and marked a new high 12 times. However, the stock has declined by -56.66% since its 52-week high.

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TTI stock investors should be aware that TETRA Technologies Inc. (TTI) stock had its last reported insider trading activity 9 days ago on Mar 09. McNiven Roy, the Sr. Vice President of the company, purchased of 7,500 shares for $3.49 on Mar 09. It resulted in a $26,169 investment by the insider. Murphy Brady M added 30,000 shares at an average price of $3.41 on Mar 08. The insider now owns 1,722,450 shares following the transaction. On Mar 08, Director BATES THOMAS R JR bought 15,000 shares at $3.42 apiece. The transaction was valued at $51,300.

Valuation Metrics

Right now, TETRA Technologies Inc. (TTI) has a P/E ratio of about 42.71. The stock’s beta is 2.61. Besides these, the trailing price-to-sales (P/S) ratio of 0.61, the price-to-book (PB) ratio of 3.00.

Financial Health

In the three months ended September 29, TETRA Technologies Inc.’s quick ratio stood at 1.30, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.45. On the profitability front, the trailing twelve-month gross margin is 21.70% percent. In the year ended September 29, operating margins totaled 4.10%. Based on annual data, TTI earned $121.11 million in gross profit and brought in $553.21 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.10%. Return on equity (ROE) for the past 12 months was 7.40%.

In TETRA Technologies Inc.’s quarter-end financial report for September 29, it reported total debt of $156.46 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected TETRA Technologies Inc. to report $0.04 quarterly earnings, the actual figure was $0.02 per share. During the quarter, the company generated $13.89 million in EBITDA. The liabilities of TETRA Technologies Inc. were 327.97 million at the end of its most recent quarter ended September 29, and its total debt was $189.47 million. The value of shareholders’ equity is $128.66 million.

Technical Picture

This quick technical analysis looks at TETRA Technologies Inc.’s (TTI) price momentum. With a historical volatility rate of 28.91%, the RSI 9-day stood at 11.79% on 17 March.

With respect to its five-day moving average, the current TETRA Technologies Inc. price is down by -21.74% percent or -$0.70. At present, TTI shares trade -35.55% below its 20-day simple moving average and -44.62% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.94% below its SMA50 and -49.80% below its SMA200.

Stochastic coefficient K was 4.66% and Stochastic coefficient D was 4.48%, while ATR was 0.22. Given the Stochastic reading of 2.04% for the 14-day period, the RSI (14) reading has been calculated as 18.92%. As of today, the MACD Oscillator reading stands at -0.39, while the 14-day reading stands at -0.56.

Analyst Ratings

Johnson Rice upgraded its rating on TETRA Technologies Inc. (NYSE: TTI) to a Buy in a note to investors on June 24, 2022. The analysts firm previously had a Hold rating on the stock.TETRA Technologies Inc. (TTI) has been rated Buy by analysts. According to 0 brokerage firms, TTI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate TETRA Technologies Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $7.00, the current consensus forecast for the stock is $6.00 – $8.00. Based on these forecasts, analysts predict TETRA Technologies Inc. (TTI) will achieve an average price target of $7.00.


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