Select Water Solutions Inc. (NYSE:WTTR) saw a downside of -1.36% to $8.31 after subtracting -$0.12 on Monday. The 5-day average trading volume is 1,048,049 shares of the company’s common stock. It has gained $8.70 in the past week and touched a new high 3 times within the past 5 days. An average of 856,957 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 984,445.
WTTR’s 1-month performance is 0.42% or $0.05 on its low of $8.02 reached on 07/20/23. The company’s shares have touched a 52-week low of $5.51 and high of $9.84, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, WTTR has lost -10.01% or -$0.91 and has reached a new high 2 times. However, the current price is down -15.50% from the 52-week high price.
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Insider Transactions
WTTR stock investors last saw insider trading activity on Jun 30.Skarke Michael (EVP, COO) most recently sold 15,333 shares at $8.13 per share on Jun 30. This transaction cost the insider $124,688. Chief Accounting Officer, Szymanski Brian, sold 2,150 shares at a price of $8.35 on Dec 14.
Valuation Metrics
WTTR stock has a beta of 1.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.64 while the price-to-book (PB) in the most recent quarter is 1.12, with the price to cash flow ratio at 230.70.
Select Water Solutions Inc.’s quick ratio for the period ended June 29 was 2.30, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.09, while the total debt to equity was 0.09. In terms of profitability, the gross margin trailing 12 months is 14.00%. The firm’s gross profit as reported stood at $160.75 million against revenue of $1.39 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 37.87% to $20.12 million, while revenue of $12.35 million was 38.62% off the previous quarter. Analysts expected WTTR to announce $0.23 per share in earnings in its latest quarter, but it posted $0.2, representing a -13.00% surprise. EBITDA for the quarter stood at more than $45.66 million. WTTR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 401.92 million, with total debt at $121.89 million. Shareholders hold equity totaling $121.78 million.
Let’s look briefly at Select Water Solutions Inc. (WTTR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 48.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.38%.
The stock’s 5-day moving average is $8.39, reflecting a -1.01% or -$0.09 change from its current price. WTTR is currently trading +1.52% above its 20-day SMA, +33.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.87% and SMA200 by+2.78%.
Stochastic %K and %D was 56.45% and 57.20% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 52.53%, while the 14-day stochastic is at 45.26% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at -0.01 and 0.01 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Select Water Solutions Inc. (NYSE: WTTR), Raymond James launched coverage with a Strong buy rating. Analysts offering their rating for WTTR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate WTTR as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is WTTR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.50 and a high of $15.00, with their median price target at $11.00. Looking at these predictions, the average price target given by analysts is for Select Water Solutions Inc. (WTTR) stock is $11.50.
