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After finishing at $47.35 in the prior trading day, Tetra Tech, Inc (NASDAQ: TTEK) closed at $40.96, down -13.50%. In other words, the price has decreased by -$13.50 from its previous closing price. On the day, 9.89 million shares were traded. TTEK stock price reached its highest trading level at $44.63 during the session, while it also had its lowest trading level at $40.83.
Ratios:
Our goal is to gain a better understanding of TTEK 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 47.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.19. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.52.
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, Maxim Group on May 16, 2024, Reiterated its Buy rating but revised its target price to $268 from $234 previously.
On May 02, 2024, Northcoast Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $225.
On January 10, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $191.KeyBanc Capital Markets initiated its Overweight rating on January 10, 2024, with a $191 target price.
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 Sep 11 ’24 when BURDICK STEVEN M sold 36,830 shares for $46.57 per share. The transaction valued at 1,715,173 led to the insider holds 112,620 shares of the business.
Ritrievi Kimberly E sold 6,500 shares of TTEK for $302,120 on Sep 11 ’24. The Director now owns 143,200 shares after completing the transaction at $46.48 per share. On Sep 10 ’24, another insider, SHOEMAKER LESLIE L, who serves as the EVP, Chief Sustainability of the company, sold 78,420 shares for $46.11 each. As a result, the insider received 3,616,025 and left with 296,015 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, TTEK now has a Market Capitalization of 10965687296 and an Enterprise Value of 11746988032. As of this moment, Tetra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.29, and their Forward P/E ratio for the next fiscal year is 23.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.11 while its Price-to-Book (P/B) ratio in mrq is 5.99. Its current Enterprise Value per Revenue stands at 2.774 whereas that against EBITDA is 20.697.
Stock Price History:
Over the past 52 weeks, TTEK has reached a high of $51.20, while it has fallen to a 52-week low of $30.92. The 50-Day Moving Average of the stock is -14.09%, while the 200-Day Moving Average is calculated to be -2.94%.
Shares Statistics:
The stock has traded on average 1.35M shares per day over the past 3-months and 3079020 shares per day over the last 10 days, according to various share statistics. A total of 267.72M shares are outstanding, with a floating share count of 266.56M. Insiders hold about 0.41% of the company’s shares, while institutions hold 92.46% stake in the company. Shares short for TTEK as of 1730332800 were 3920319 with a Short Ratio of 2.89, compared to 1727654400 on 3466213. Therefore, it implies a Short% of Shares Outstanding of 3920319 and a Short% of Float of 1.8599999999999999.
Dividends & Splits
In the trailing 12 months, TTEK’s forward annual dividend rate was 0.214, compared to 1.10 this year. Against a Trailing Annual Dividend Yield of 0.0045195357The stock’s 5-year Average Dividend Yield is 0.59.
