Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Tetra Technologies, Inc (NYSE: TTI) was $3.88 for the day, down -1.02% from the previous closing price of $3.92. In other words, the price has decreased by -$1.02 from its previous closing price. On the day, 0.66 million shares were traded. TTI stock price reached its highest trading level at $3.9198 during the session, while it also had its lowest trading level at $3.83.
Ratios:
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 1.51 and its Current Ratio is at 2.33. In the meantime, Its Debt-to-Equity ratio is 1.37 whereas as Long-Term Debt/Eq ratio is at 1.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on September 28, 2023, initiated with a Buy rating and assigned the stock a target price of $8.
On June 24, 2022, Johnson Rice Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $7.
Stifel Upgraded its Hold to Buy on February 03, 2021, while the target price for the stock was maintained at $3.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TTI now has a Market Capitalization of 511422816 and an Enterprise Value of 676120576. As of this moment, Tetra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 320.66, and their Forward P/E ratio for the next fiscal year is 9.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 3.26. Its current Enterprise Value per Revenue stands at 1.095 whereas that against EBITDA is 8.376.
Stock Price History:
Over the past 52 weeks, TTI has reached a high of $5.08, while it has fallen to a 52-week low of $2.68. The 50-Day Moving Average of the stock is 17.81%, while the 200-Day Moving Average is calculated to be 6.05%.
Shares Statistics:
TTI traded an average of 1.38M shares per day over the past three months and 1108350 shares per day over the past ten days. A total of 130.08M shares are outstanding, with a floating share count of 124.86M. Insiders hold about 5.27% of the company’s shares, while institutions hold 69.69% stake in the company. Shares short for TTI as of 1730332800 were 3428535 with a Short Ratio of 2.49, compared to 1727654400 on 2896765. Therefore, it implies a Short% of Shares Outstanding of 3428535 and a Short% of Float of 2.74.
