As of Friday close, Select Water Solutions Inc.’s (NYSE:WTTR) stock was up $0.06, moving up 0.72 percent to $8.39. The average number of shares traded per day over the past five days has been 1,027,060 shares. 2 times new highs have been achieved over the past 5 days, with a $0.10 gain in that time frame. In the last twenty days, the average volume was 956,530, while in the previous 50 days, it was 1,033,238.
Since last month, WTTR stock rose 3.33%. Shares of the company fell to $7.87 on 08/08/23, the lowest level in the past month. A 52-week high of $9.84 was reached on 01/12/23 after having rallying from a 52-week low of $5.51. Since the beginning of this year, WTTR’s stock price has dropped by -9.20% or -$0.85, and marked a new high 2 times. However, the stock has declined by -14.74% since its 52-week high.
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WTTR stock investors should be aware that Select Water Solutions Inc. (WTTR) stock had its last reported insider trading activity 50 days ago on Jun 30. Skarke Michael, the EVP, COO of the company, disposed of 15,333 shares for $8.13 on Jun 30. It resulted in a $124,688 divestment by the insider. Szymanski Brian sold 2,150 shares at an average price of $8.35 on Dec 14. The insider now owns 89,422 shares following the transaction.
Valuation Metrics
Right now, Select Water Solutions Inc. (WTTR) has a P/E ratio of about 15.86. The stock’s beta is 1.97. Besides these, the trailing price-to-sales (P/S) ratio of 0.63, the price-to-book (PB) ratio of 1.32, and the price-to-cash flow ratio of 60.36 may also be considered.
The latest dividend of $0.05 per share was paid out, remained unchanged from last year’s $0.05.
Financial Health
In the three months ended June 29, Select Water Solutions Inc.’s quick ratio stood at 2.30, while its current ratio was 2.50, 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 June 29 was 0.09, and the total debt-to-equity ratio was 0.09. On the profitability front, the trailing twelve-month gross margin is 14.00% percent. In the year ended June 29, operating margins totaled 4.40%. Based on annual data, WTTR earned $160.75 million in gross profit and brought in $1.39 billion 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 6.60%. Return on equity (ROE) for the past 12 months was 8.40%.
In Select Water Solutions Inc.’s quarter-end financial report for June 29, it reported total debt of $65.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WTTR’s revenue rose 16.89% to $416.59 million during the quarter, while net income inched up to $404.17 million. While analysts expected Select Water Solutions Inc. to report $0.23 quarterly earnings, the actual figure was $0.2 per share, beating the consensus estimate by -13.00%. During the quarter, the company generated $61.78 million in EBITDA. The liabilities of Select Water Solutions Inc. were 363.14 million at the end of its most recent quarter ended June 29, and its total debt was $121.89 million. The value of shareholders’ equity is $120.0 million.
Technical Picture
This quick technical analysis looks at Select Water Solutions Inc.’s (WTTR) price momentum. With a historical volatility rate of 12.14%, the RSI 9-day stood at 55.63% on 18 August.
With respect to its five-day moving average, the current Select Water Solutions Inc. price is up by +1.21% percent or $0.10. At present, WTTR shares trade -0.24% below its 20-day simple moving average and +25.79% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.67% above its SMA50 and -13.06% below its SMA200.
Stochastic coefficient K was 59.84% and Stochastic coefficient D was 59.57%, while ATR was 0.23. Given the Stochastic reading of 62.65% for the 14-day period, the RSI (14) reading has been calculated as 54.97%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.05.
Analyst Ratings
Raymond James launched its rating on Select Water Solutions Inc. (NYSE: WTTR) to a Strong buy in a note to investors on March 23, 2023. Select Water Solutions Inc. (WTTR) has been rated Buy by analysts. According to 0 brokerage firms, WTTR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Select Water Solutions Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $11.00, the current consensus forecast for the stock is $8.50 – $15.00. Based on these forecasts, analysts predict Select Water Solutions Inc. (WTTR) will achieve an average price target of $11.70.
