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After finishing at $4.60 in the prior trading day, Tetra Technologies, Inc (NYSE: TTI) closed at $4.34, down -5.65%. In other words, the price has decreased by -$5.65 from its previous closing price. On the day, 0.97 million shares were traded. TTI stock price reached its highest trading level at $4.56 during the session, while it also had its lowest trading level at $4.29.
Ratios:
Our goal is to gain a better understanding of TTI by taking a closer look at its different ratios. 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 572055424 and an Enterprise Value of 771023936. As of this moment, Tetra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 358.68, and their Forward P/E ratio for the next fiscal year is 11.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 3.65. Its current Enterprise Value per Revenue stands at 1.248 whereas that against EBITDA is 9.551.
Stock Price History:
The Beta on a monthly basis for TTI is 2.07, which has changed by 0.02449894 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, TTI has reached a high of $5.12, while it has fallen to a 52-week low of $2.68. The 50-Day Moving Average of the stock is 10.40%, while the 200-Day Moving Average is calculated to be 20.34%.
Shares Statistics:
The stock has traded on average 1.14M shares per day over the past 3-months and 1849500 shares per day over the last 10 days, according to various share statistics. A total of 131.79M shares are outstanding, with a floating share count of 124.86M. Insiders hold about 5.27% of the company’s shares, while institutions hold 69.65% stake in the company. Shares short for TTI as of 1735603200 were 2930906 with a Short Ratio of 2.56, compared to 1732838400 on 2922853. Therefore, it implies a Short% of Shares Outstanding of 2930906 and a Short% of Float of 2.34.
