The stock of TETRA Technologies Inc. (NYSE:TTI) decreased by -$0.25 on Tuesday to finish at $6.07, down -3.96 percent. The last five days have seen an average of 2,384,740 shares of common stock traded. 31 times new highs were reached in the current year, with a gain of $2.61. The average number of shares traded over the last 20 days was 1,995,235, while the average volume over the last 50 days totaled 1,889,066.
TTI stock appreciated 15.62% since last month. On 08/25/23, the company’s shares reached a one-month low of $5.10. The stock touched a high of $6.54 on 09/13/23, after rallying from a low of $2.43 in 52 weeks. The price of TTI stock has risen by 75.43% or $2.61 this year, reaching a new high 31 times. Still, the stock price is down -7.19% from the 52-week high.
Insider Transactions
TTI stock investors should be aware that TETRA Technologies Inc. (TTI) stock had its last reported insider trading activity 195 days ago on Mar 09. On Mar 09, Sr. Vice President McNiven Roy acquired 7,500 shares at $3.49 each. This transaction resulted in the insider spending $26,169. On Mar 08, Murphy Brady M added 30,000 shares at a price of US$3.41. After the transaction, the insider now owns 1,722,450 shares. Director BATES THOMAS R JR had earlier bought 15,000 shares on Mar 08 for $3.42 a share. The transaction was completed for $51,300.
Valuation Metrics
TETRA Technologies Inc. (TTI) has a trailing price-to-earnings (P/E) ratio of 35.29. Beta for the stock is 2.59. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.31, the price-to-book (PB) ratio of 5.67.
Financial Health
For the three months ended June 29, TETRA Technologies Inc.’s quick ratio was 1.40, while its current ratio was 2.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.13, and the total debt to equity ratio is 1.14. As far as profitability goes, gross margin for the trailing twelve months is 23.90% percent. TETRA Technologies Inc.’s EBITDA margin for the year ended June 29 was 10.05%, whereas its operating margin stood at 6.90% for the same period. Based on annual data, it had gross profit of $121.11 million and revenue of $553.21 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TTI’s return on assets (ROA) during the last 12 months has been 5.20%. There was a 7.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 19.40%.
Earnings Surprise
According to TETRA Technologies Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $78.72 million, while revenues rose by 0.38% to $348.13 million. It was predicted that TETRA Technologies Inc.’s quarterly earnings would be $0.13, but it ended up being $0.09, beating the consensus by 44.40%. EBITDA was $29.94 million for the quarter. At the end of TETRA Technologies Inc.’s most recent quarter ended June 29, its liabilities totaled 332.94 million, while its total debt was $197.5 million. Equity owned by shareholders amounts to $129.56 million.
Technical Picture
Here’s a quick look at TETRA Technologies Inc.’s (TTI) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 55.09%, suggesting the stock is Neutral, with a 60.26% historical volatility rate.
The stochastic %K and %D were 77.46% and 84.43% respectively, while the average true range (ATR) was 0.27. Based on the 14-day stochastic reading of 57.66%, the RSI (14) reading is 60.13%. On the 9-day MACD Oscillator, the stock is at 0.08, and the 14-day reading is at 0.28.
Analyst Ratings
In its most recent analyst report, Johnson Rice raised its rating on TETRA Technologies Inc. (NYSE: TTI) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned TETRA Technologies Inc. (TTI) an Buy rating. TTI is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is TTI’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.00 and $8.00, with a median target price of $7.50. In analyzing these forecasts, the average price target given by analysts for TETRA Technologies Inc. (TTI) is $7.50.
