Tetra Technologies, Inc (NYSE: TTI) is -36.31% lower on its value in year-to-date trading and has touched a low of $2.03 and a high of $5.12 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 $2.34 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $2.28, the stock is -27.72% and -37.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.36 million and changing -2.56% at the moment leaves the stock -35.62% off its SMA200. TTI registered -53.66% loss for a year compared to 6-month gain of -31.74%. The firm has a 50-day simple moving average (SMA 50) of $3.6572 and a 200-day simple moving average (SMA200) of $3.5415.
The stock witnessed a -31.74% gain in the last 1 month and extending the period to 3 months gives it a -40.78%, and is -24.50% 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 17.09% over the week and 7.83% over the month.
Tetra Technologies, Inc (TTI) has around 1400 employees, a market worth around $301.86M and $599.11M in sales. Current P/E ratio is 2.80 and Fwd P/E is 4.89. Profit margin for the company is 18.07%. Distance from 52-week low is 12.12% and -55.47% from its 52-week high. The company has generated returns on investments over the last 12 months (23.41%).
with sales reaching $160.52M over the same period.The EPS is expected to grow by 84.76% this year, but quarterly earnings will post 7.51% year-over-year. Quarterly sales are estimated to grow 6.32% in year-over-year returns.
236.0 institutions hold shares in Tetra Technologies, Inc (TTI), with institutional investors hold 74.66% of the company’s shares. The shares outstanding are 131.81M, and float is at 124.77M with Short Float at 2.92%. Institutions hold 70.64% 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 7.8387 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 5.9566 and valued at over $27.05 million, while FULLER & THALER ASSET MANAGEMENT, INC. holds 5.6521 of the shares totaling 7.42 million with a market value of $25.67 million.
