Market Highlights: Energy Recovery Inc (ERII) Ends on a High Note at 13.96

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The price of Energy Recovery Inc (NASDAQ: ERII) closed at $13.96 in the last session, up 0.43% from day before closing price of $13.90. In other words, the price has increased by $0.43 from its previous closing price. On the day, 0.59 million shares were traded. ERII stock price reached its highest trading level at $14.7 during the session, while it also had its lowest trading level at $13.92.

Ratios:

We take a closer look at ERII’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.66. For the most recent quarter (mrq), Quick Ratio is recorded 8.56 and its Current Ratio is at 10.41. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.

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, B. Riley Securities on November 17, 2022, initiated with a Buy rating and assigned the stock a target price of $28.

On November 08, 2022, Raymond James Upgraded its rating to Outperform which previously was Mkt Perform but kept the price unchanged to $23.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 08 ’24 when Hanstveit Arve sold 35,000 shares for $13.53 per share. The transaction valued at 473,550 led to the insider holds 772,055 shares of the business.

Moon David W bought 10,500 shares of ERII for $141,288 on May 07 ’24. The President and CEO now owns 29,750 shares after completing the transaction at $13.46 per share. On Mar 11 ’24, another insider, Ballard Joshua, who serves as the Chief Financial Officer of the company, sold 979 shares for $14.98 each. As a result, the insider received 14,667 and left with 44,427 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ERII now has a Market Capitalization of 800329600 and an Enterprise Value of 695783936. As of this moment, Energy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.56, and their Forward P/E ratio for the next fiscal year is 23.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.30 while its Price-to-Book (P/B) ratio in mrq is 3.70. Its current Enterprise Value per Revenue stands at 5.477 whereas that against EBITDA is 34.149.

Stock Price History:

The Beta on a monthly basis for ERII is 1.27, which has changed by -0.43182743 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, ERII has reached a high of $30.76, while it has fallen to a 52-week low of $12.45. The 50-Day Moving Average of the stock is -4.91%, while the 200-Day Moving Average is calculated to be -25.92%.

Shares Statistics:

According to the various share statistics, ERII traded on average about 449.28K shares per day over the past 3-months and 588820 shares per day over the past 10 days. A total of 56.88M shares are outstanding, with a floating share count of 55.45M. Insiders hold about 3.28% of the company’s shares, while institutions hold 85.20% stake in the company. Shares short for ERII as of 1714435200 were 2488023 with a Short Ratio of 5.54, compared to 1711584000 on 2513059. Therefore, it implies a Short% of Shares Outstanding of 2488023 and a Short% of Float of 4.4499997.

Earnings Estimates

Energy Recovery Inc (ERII) is presently subject to a detailed evaluation by 4.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.15, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0.16, with high estimates of $0.18 and low estimates of $0.12.

Analysts are recommending an EPS of between $0.4 and $0.21 for the fiscal current year, implying an average EPS of $0.31. EPS for the following year is $0.58, with 4.0 analysts recommending between $0.65 and $0.49.

Revenue Estimates

According to 4 analysts, the current quarter’s revenue is expected to be $22.88M. It ranges from a high estimate of $24.1M to a low estimate of $22M. As of the current estimate, Energy Recovery Inc’s year-ago sales were $20.72MFor the next quarter, 4 analysts are estimating revenue of $43.88M. There is a high estimate of $45.57M for the next quarter, whereas the lowest estimate is $42M.

A total of 4 analysts have provided revenue estimates for ERII’s current fiscal year. The highest revenue estimate was $149M, while the lowest revenue estimate was $142M, resulting in an average revenue estimate of $145.52M. In the same quarter a year ago, actual revenue was $128.35MBased on 4 analysts’ estimates, the company’s revenue will be $175.33M in the next fiscal year. The high estimate is $182M and the low estimate is $170.1M.

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