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After finishing at $16.44 in the prior trading day, Energy Recovery Inc (NASDAQ: ERII) closed at $16.24, down -1.22%. In other words, the price has decreased by -$1.22 from its previous closing price. On the day, 0.36 million shares were traded. ERII stock price reached its highest trading level at $16.585 during the session, while it also had its lowest trading level at $16.08.
Ratios:
Our goal is to gain a better understanding of ERII by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.17. For the most recent quarter (mrq), Quick Ratio is recorded 6.26 and its Current Ratio is at 7.94. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
On November 17, 2022, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $28.
Raymond James Upgraded its Mkt Perform to Outperform on November 08, 2022, while the target price for the stock was maintained at $23.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 05 ’24 when Moon David W bought 3,000 shares for $16.00 per share. The transaction valued at 48,009 led to the insider holds 32,750 shares of the business.
Ballard Joshua bought 7,903 shares of ERII for $136,169 on Aug 01 ’24. On Jul 29 ’24, another insider, Ghasripoor Farshad, who serves as the Chief Technology Officer of the company, sold 4,079 shares for $14.63 each. As a result, the insider received 59,672 and left with 137,487 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 937454016 and an Enterprise Value of 848767488. As of this moment, Energy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.85, and their Forward P/E ratio for the next fiscal year is 27.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.02 while its Price-to-Book (P/B) ratio in mrq is 4.27. Its current Enterprise Value per Revenue stands at 6.357 whereas that against EBITDA is 40.566.
Stock Price History:
Over the past 52 weeks, ERII has reached a high of $28.00, while it has fallen to a 52-week low of $12.26. The 50-Day Moving Average of the stock is 7.10%, while the 200-Day Moving Average is calculated to be 3.81%.
Shares Statistics:
The stock has traded on average 407.76K shares per day over the past 3-months and 360660 shares per day over the last 10 days, according to various share statistics. A total of 56.88M shares are outstanding, with a floating share count of 55.80M. Insiders hold about 3.33% of the company’s shares, while institutions hold 85.78% stake in the company. Shares short for ERII as of 1723680000 were 2482465 with a Short Ratio of 6.09, compared to 1721001600 on 2587786. Therefore, it implies a Short% of Shares Outstanding of 2482465 and a Short% of Float of 4.4099998000000005.
