The closing price of TETRA Technologies Inc. (NYSE: TTI) was 4.00 for the day, down -2.20% from the previous closing price of $4.09. In other words, the price has decreased by $-0.0900 from its previous closing price. On the day, 1234086 shares were traded. TTI reached its highest trading level at $4.0600 during the session, while it also had its lowest trading level at $3.9039.
Our analysis of TTI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 2.00. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 1.44.
Upgrades & Downgrades
On February 03, 2021, Stifel Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $3.
Evercore ISI Upgraded its Underperform to Outperform on February 02, 2021, while the target price for the stock was maintained at $3.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 21 when SULLIVAN WILLIAM D sold 200,471 shares for $3.56 per share. The transaction valued at 713,945 led to the insider holds 233,369 shares of the business.
O’Brien Richard D sold 25,000 shares of TTI for $95,622 on Nov 05. The VP-Finance & Global Controller now owns 197,677 shares after completing the transaction at $3.82 per share.
As of this moment, TETRA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.45, and their Forward P/E ratio for the next fiscal year is 12.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 4.82.
Stock Price History:
Over the past 52 weeks, TTI has reached a high of $5.82, while it has fallen to a 52-week low of $2.32. The 50-Day Moving Average of the stock is 4.0036, while the 200-Day Moving Average is calculated to be 3.7378.
TTI traded an average of 1.18M shares per day over the past three months and 1.09M shares per day over the past ten days. A total of 127.99M shares are outstanding, with a floating share count of 115.41M. Insiders hold about 3.90% of the company’s shares, while institutions hold 61.00% stake in the company. Shares short for TTI as of Jul 14, 2022 were 2.14M with a Short Ratio of 2.02, compared to 2.46M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.67% and a Short% of Float of 1.73%.
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.05, while EPS last year was $-0.02. The consensus estimate for the next quarter is $0.05, with high estimates of $0.06 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.25 and $0.2 for the fiscal current year, implying an average EPS of $0.22. EPS for the following year is $0.32, with 4 analysts recommending between $0.35 and $0.3.
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $137.3M to a low estimate of $133M. As of the current estimate, TETRA Technologies Inc.’s year-ago sales were $102.33M, an estimated increase of 31.60% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $130.42M, an increase of 24.00% less than the figure of $31.60% in the same quarter last year. There is a high estimate of $139.6M for the next quarter, whereas the lowest estimate is $125M.
A total of 4 analysts have provided revenue estimates for TTI’s current fiscal year. The highest revenue estimate was $555.6M, while the lowest revenue estimate was $515M, resulting in an average revenue estimate of $529.47M. In the same quarter a year ago, actual revenue was $388.27M, up 36.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $599.95M in the next fiscal year. The high estimate is $651.9M and the low estimate is $563M. The average revenue growth estimate for next year is up 13.30% from the average revenue estimate for this year.