Tetra Tech, Inc (NASDAQ: TTEK) is -1.15% lower on its value in year-to-date trading and has touched a low of $31.61 and a high of $51.20 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 TTEK stock was last observed hovering at around $41.78 in the last trading session, with the day’s loss setting it -2.4%.
Currently trading at $39.38, the stock is -3.17% and -5.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.82 million and changing -5.74% at the moment leaves the stock -9.19% off its SMA200. TTEK registered 20.42% gain for a year compared to 6-month loss of -5.64%. The firm has a 50-day simple moving average (SMA 50) of $41.8304 and a 200-day simple moving average (SMA200) of $43.3619.
The stock witnessed a -2.28% gain in the last 1 month and extending the period to 3 months gives it a -19.85%, and is -5.97% 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 2.97% over the week and 2.29% over the month.
Tetra Tech, Inc (TTEK) has around 30000 employees, a market worth around $10.55B and $5.20B in sales. Current P/E ratio is 31.90 and Fwd P/E is 23.57. Profit margin for the company is 6.41%. Distance from 52-week low is 24.59% and -23.09% from its 52-week high. The company has generated returns on investments over the last 12 months (11.98%).
The EPS is expected to grow by 16.72% this year
862.0 institutions hold shares in Tetra Tech, Inc (TTEK), with institutional investors hold 96.39% of the company’s shares. The shares outstanding are 267.72M, and float is at 266.71M with Short Float at 1.93%. Institutions hold 96.02% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.27 million shares valued at $1.08 billion. The investor’s holdings represent 9.8474 of the TTEK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.17 million shares valued at $1.06 billion to account for 9.658 of the shares outstanding. The other top investors are PICTET ASSET MANAGEMENT HOLDING SA which holds 2.62 million shares representing 4.9018 and valued at over $536.08 million, while ALLIANCEBERNSTEIN L.P. holds 4.5481 of the shares totaling 2.43 million with a market value of $497.4 million.
Tetra Tech, Inc (TTEK) Insider Activity
The most recent transaction is an insider sale by BURDICK STEVEN M, the company’s EVP, CFO. SEC filings show that BURDICK STEVEN M sold 36,830 shares of the company’s common stock on Sep 11 ’24 at a price of $46.57 per share for a total of $1.72 million. Following the sale, the insider now owns 0.11 million shares.
Tetra Tech, Inc disclosed in a document filed with the SEC on Sep 11 ’24 that Ritrievi Kimberly E (Director) sold a total of 6,500 shares of the company’s common stock. The trade occurred on Sep 11 ’24 and was made at $46.48 per share for $0.3 million. Following the transaction, the insider now directly holds 0.14 million shares of the TTEK stock.
Still, SEC filings show that on Sep 10 ’24, SHOEMAKER LESLIE L (EVP, Chief Sustainability) disposed off 78,420 shares at an average price of $46.11 for $3.62 million. The insider now directly holds 296,015 shares of Tetra Tech, Inc (TTEK).
