Select Water Solutions Inc (NYSE: WTTR) is 48.75% higher on its value in year-to-date trading and has touched a low of $6.78 and a high of $12.27 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 $11.08 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $11.29, the stock is 3.11% and 1.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 1.90% at the moment leaves the stock 17.85% off its SMA200. WTTR registered 46.43% gain for a year compared to 6-month gain of 21.01%. The firm has a 50-day simple moving average (SMA 50) of $11.0836 and a 200-day simple moving average (SMA200) of $9.59895.
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The stock witnessed a 3.48% loss in the last 1 month and extending the period to 3 months gives it a 9.51%, and is 6.71% up 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 3.51% over the week and 3.38% over the month.
Select Water Solutions Inc (WTTR) has around 4200 employees, a market worth around $1.16B and $1.50B in sales. Current P/E ratio is 19.70 and Fwd P/E is 11.68. Profit margin for the company is 3.91%. Distance from 52-week low is 66.60% and -7.99% from its 52-week high. The company has generated returns on investments over the last 12 months (6.42%).
The EPS is expected to shrink by -28.85% this year
262.0 institutions hold shares in Select Water Solutions Inc (WTTR), with institutional investors hold 93.78% of the company’s shares. The shares outstanding are 102.17M, and float is at 90.73M with Short Float at 8.17%. Institutions hold 86.58% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.6 million shares valued at $92.05 million. The investor’s holdings represent 8.6701 of the WTTR Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 6.57 million shares valued at $70.29 million to account for 6.6207 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 6.26 million shares representing 6.3054 and valued at over $66.94 million, while WELLINGTON MANAGEMENT GROUP LLP holds 5.1494 of the shares totaling 5.11 million with a market value of $54.67 million.
Select Water Solutions Inc (WTTR) Insider Activity
The most recent transaction is an insider sale by Skarke Michael, the company’s EVP, COO. SEC filings show that Skarke Michael sold 13,421 shares of the company’s common stock on May 13 ’24 at a price of $9.78 per share for a total of $0.13 million. Following the sale, the insider now owns 0.38 million shares.
Select Water Solutions Inc disclosed in a document filed with the SEC on Mar 06 ’24 that Szymanski Brian (Chief Accounting Officer) sold a total of 8,080 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $8.33 per share for $67307.0. Following the transaction, the insider now directly holds 84304.0 shares of the WTTR stock.
Still, SEC filings show that on Feb 28 ’24, Swyka Nick L (CFO & Senior VP) disposed off 9,009 shares at an average price of $8.55 for $77051.0. The insider now directly holds 272,140 shares of Select Water Solutions Inc (WTTR).
