Tetra Technologies, Inc. (NYSE: TTI) is -34.73% lower on its value in year-to-date trading and has touched a low of $2.68 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 $3.10 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $2.95, the stock is -0.91% and -8.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing -4.84% at the moment leaves the stock -23.53% off its SMA200. TTI registered -52.27% loss for a year compared to 6-month loss of -32.18%. The firm has a 50-day simple moving average (SMA 50) of $3.2064 and a 200-day simple moving average (SMA200) of $3.85115.
The stock witnessed a -12.20% gain in the last 1 month and extending the period to 3 months gives it a -12.98%, 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 4.02% over the week and 4.73% over the month.
Tetra Technologies, Inc. (TTI) has around 1500 employees, a market worth around $387.78M and $627.50M in sales. Current P/E ratio is 38.87 and Fwd P/E is 6.89. Profit margin for the company is 1.61%. Distance from 52-week low is 10.07% and -56.42% from its 52-week high. The company has generated returns on investments over the last 12 months (2.80%).
Tetra Technologies, Inc. quarterly earnings per share for the current quarter are estimated at 0.05 with sales reaching $153.34M over the same period.The EPS is expected to shrink by -10.55% this year, but quarterly earnings will post 1.00% year-over-year. Quarterly sales are estimated to grow 1.20% in year-over-year returns.
234.0 institutions hold shares in Tetra Technologies, Inc. (TTI), with institutional investors hold 79.02% of the company’s shares. The shares outstanding are 130.08M, and float is at 124.33M with Short Float at 3.05%. Institutions hold 71.02% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.29 million shares valued at $35.6 million. The investor’s holdings represent 7.8874 of the TTI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.18 million shares valued at $28.29 million to account for 6.2677 of the shares outstanding. The other top investors are NEUBERGER BERMAN GROUP LLC which holds 7.82 million shares representing 5.9936 and valued at over $27.05 million, while FULLER & THALER ASSET MANAGEMENT, INC. holds 5.6872 of the shares totaling 7.42 million with a market value of $25.67 million.
