Select Water Solutions Inc. (NYSE:WTTR) finished Wednesday with an addition of $0.13 to close at $8.27, an upside of 1.60 percent. An average of 1,344,720 shares of common stock have been traded in the last five days. There was a fall of -$0.01 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 920,545 shares traded, while the 50-day average volume stands at 1,025,920.
WTTR stock has increased by 0.85% in the last month. The company shares reached their 1-month lowest point of $7.87 on 08/08/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $5.51 and a high of $9.84 in 52 weeks. It has reached a new high 2 times so far this year and lost -10.50% or -$0.97 in price. In spite of this, the price is down -15.96% from the 52-week high.
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Insider Transactions
WTTR stock investors should be aware that Select Water Solutions Inc. (WTTR) stock had its last reported insider trading activity 41 days ago on Jun 30. In this transaction, the insider spent $124,688. Chief Accounting Officer, Szymanski Brian, disposed of 2,150 shares at a price of $8.35 on Dec 14. The insider now owns more than $17,952 worth of shares.
Valuation Metrics
Select Water Solutions Inc. (WTTR) has a trailing price-to-earnings (P/E) ratio of 14.77. The stock’s beta is 1.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.64, the price-to-book (PB) ratio at 1.11, and the price-to-cash flow ratio at 229.45.
Financial Health
The quick ratio of Select Water Solutions Inc. for the three months ended June 29 was 2.30, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.09 and a total debt to equity ratio of 0.09 for the quarter ending June 29. Its gross profit as reported stood at $160.75 million compared to revenue of $1.39 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Select Water Solutions Inc.’s return on assets was 5.10%.
Earnings Surprise
For the three-month period that ended June 29, Select Water Solutions Inc. had $65.0 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $20.12 million in the quarter, while revenues of $12.35 million were grew 37.87%. The analyst consensus anticipated Select Water Solutions Inc.’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.2, a -13.00% surprise. For the quarter, EBITDA amounted to $61.78 million. Shareholders own equity worth $120.0 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Select Water Solutions Inc. (WTTR) price momentum. RSI 9-day as of the close on 09 August was 48.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.14%.
As of today, WTTR’s price is $8.29 -0.12% or -$0.01 from its 5-day moving average. WTTR is currently trading -1.08% lower than its 20-day SMA and +38.76% higher than its 100-day SMA. However, the stock’s current price level is +9.97% above the SMA50 and +0.49% above the SMA200.
The stochastic %K and %D were 33.96% and 40.16%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 48.19% and the average true range at 0.26, the RSI (14) stands at 50.98%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.19.
Analyst Ratings
Raymond James launched coverage on Select Water Solutions Inc. (NYSE: WTTR) in its analyst report released on March 23, 2023. The firm assigned the stock a Strong buy rating. The consensus rating for Select Water Solutions Inc. (WTTR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WTTR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
