Tetra Technologies, Inc (NYSE: TTI) is -14.82% lower on its value in year-to-date trading and has touched a low of $2.68 and a high of $5.08 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 $3.87 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $3.85, the stock is 2.64% and 12.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing -0.52% at the moment leaves the stock 5.19% off its SMA200. TTI registered -20.12% loss for a year compared to 6-month loss of 4.34%. The firm has a 50-day simple moving average (SMA 50) of $3.42 and a 200-day simple moving average (SMA200) of $3.6599.
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The stock witnessed a 30.51% gain in the last 1 month and extending the period to 3 months gives it a 19.94%, and is -3.02% 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 3.17% over the week and 5.37% over the month.
Tetra Technologies, Inc (TTI) has around 1500 employees, a market worth around $504.85M and $617.73M in sales. Current P/E ratio is 318.18 and Fwd P/E is 9.83. Profit margin for the company is 0.27%. Distance from 52-week low is 43.66% and -24.21% from its 52-week high. The company has generated returns on investments over the last 12 months (0.46%).
The EPS is expected to shrink by -32.69% this year
245.0 institutions hold shares in Tetra Technologies, Inc (TTI), with institutional investors hold 74.96% of the company’s shares. The shares outstanding are 130.08M, and float is at 124.86M with Short Float at 2.36%. Institutions hold 71.17% 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.
