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Why Tetra Technologies, Inc. (TTI) Stock Could See Much Higher Prices Ahead

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Tetra Technologies, Inc. (NYSE: TTI) is -1.99% lower on its value in year-to-date trading and has touched a low of $2.55 and a high of $6.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TTI stock was last observed hovering at around $4.42 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $4.43, the stock is 5.65% and 7.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing 0.23% at the moment leaves the stock -5.01% off its SMA200. TTI registered 69.08% gain for a year compared to 6-month loss of -28.55%. The firm has a 50-day simple moving average (SMA 50) of $1.15 and a 200-day simple moving average (SMA200) of $8.14.

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The stock witnessed a 8.58% gain in the last 1 month and extending the period to 3 months gives it a -5.14%, and is -1.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.16% over the week and 4.24% over the month.

Tetra Technologies, Inc. (TTI) has around 1500 employees, a market worth around $577.72M and $626.26M in sales. Current P/E ratio is 22.40 and Fwd P/E is 9.41. Profit margin for the company is 4.12%. Distance from 52-week low is 73.73% and -34.55% from its 52-week high. The company has generated returns on investments over the last 12 months (7.69%).

Tetra Technologies, Inc. quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $153.65M over the same period.The EPS is expected to grow by 14.32% this year, but quarterly earnings will post 7.80% year-over-year. Quarterly sales are estimated to grow 5.10% in year-over-year returns.

Tetra Technologies, Inc. (TTI) Top Institutional Holders

246 institutions hold shares in Tetra Technologies, Inc. (TTI), with institutional investors hold 81.63% of the company’s shares. The shares outstanding are 130.08M, and float is at 117.19M with Short Float at 2.72%. Institutions hold 73.50% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 10.14 million shares valued at $34.28 million. The investor’s holdings represent 7.83% of the TTI Shares outstanding. As of Jun 29, 2023, the second largest holder is Fuller & Thaler Asset Management Inc. with 7.65 million shares valued at $25.86 million to account for 5.91% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 6.47 million shares representing 5.00% and valued at over $21.88 million, while Neuberger Berman Group, LLC holds 4.28% of the shares totaling 5.55 million with a market value of $18.76 million.

Tetra Technologies, Inc. (TTI) Insider Activity

The most recent transaction is an insider sale by BATES THOMAS R JR,the company’sDirector. SEC filings show that BATES THOMAS R JR sold 12,000 shares of the company’s common stock on Aug 02 ’23 at a price of $4.99 per share for a total of $59899.0. Following the sale, the insider now owns 0.51 million shares.

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