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Select Water Solutions Inc (WTTR) – Don’t Be So Quick to Call it Dead

MQ Stock

Select Water Solutions Inc (NYSE: WTTR) is 19.24% higher on its value in year-to-date trading and has touched a low of $6.78 and a high of $9.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WTTR stock was last observed hovering at around $8.98 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $9.05, the stock is -2.13% and 4.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 0.78% at the moment leaves the stock 13.20% off its SMA200. WTTR registered 23.63% gain for a year compared to 6-month gain of 16.47%.

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The stock witnessed a -0.44% loss in the last 1 month and extending the period to 3 months gives it a 26.57%, and is -2.79% 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 2.46% over the week and 2.28% over the month.

Select Water Solutions Inc (WTTR) has around 4200 employees, a market worth around $922.56M and $1.59B in sales. Current P/E ratio is 12.53 and Fwd P/E is 7.46. Profit margin for the company is 4.69%. Distance from 52-week low is 33.55% and -7.08% from its 52-week high. The company has generated returns on investments over the last 12 months (9.18%).

The EPS is expected to grow by 0.42% this year

The shares outstanding are 102.17M, and float is at 93.67M with Short Float at 3.56%.

Select Water Solutions Inc (WTTR) Insider Activity

The most recent transaction is an insider sale by Szymanski Brian, the company’s Chief Accounting Officer. SEC filings show that Szymanski Brian sold 8,080 shares of the company’s common stock on Mar 06 ’24 at a price of $8.33 per share for a total of $67307.0. Following the sale, the insider now owns 84304.0 shares.

Select Water Solutions Inc disclosed in a document filed with the SEC on Feb 28 ’24 that Swyka Nick L (CFO & Senior VP) sold a total of 9,009 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $8.55 per share for $77051.0. Following the transaction, the insider now directly holds 0.27 million shares of the WTTR stock.

Still, SEC filings show that on Feb 27 ’24, George Christopher Kile (SVP IR Corp Dev Sustainability) disposed off 23,000 shares at an average price of $8.63 for $0.2 million. The insider now directly holds 255,587 shares of Select Water Solutions Inc (WTTR).

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