Tetra Technologies, Inc (NYSE: TTI) is -32.96% 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 $2.32 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $2.40, the stock is -18.45% and -31.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 3.45% at the moment leaves the stock -31.81% off its SMA200. TTI registered -46.19% loss for a year compared to 6-month gain of -26.83%. The firm has a 50-day simple moving average (SMA 50) of $3.5002 and a 200-day simple moving average (SMA200) of $3.5197.
The stock witnessed a -28.57% loss in the last 1 month and extending the period to 3 months gives it a -49.04%, and is 2.56% 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 7.61% over the week and 8.36% over the month.
Tetra Technologies, Inc (TTI) has around 1400 employees, a market worth around $317.74M and $599.11M in sales. Current P/E ratio is 2.94 and Fwd P/E is 5.52. Profit margin for the company is 18.07%. Distance from 52-week low is 18.02% and -53.12% from its 52-week high. The company has generated returns on investments over the last 12 months (23.41%).
The EPS is expected to grow by 67.12% this year
238.0 institutions hold shares in Tetra Technologies, Inc (TTI), with institutional investors hold 74.64% 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 70.62% 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.
