Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Tetra Technologies, Inc (NYSE: TTI) was $3.50 for the day, up 7.36% from the previous closing price of $3.26. In other words, the price has increased by $7.36 from its previous closing price. On the day, 1.2 million shares were traded. TTI stock price reached its highest trading level at $3.51 during the session, while it also had its lowest trading level at $3.25.
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 461335008 and an Enterprise Value of 626032704. As of this moment, Tetra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 289.26, and their Forward P/E ratio for the next fiscal year is 8.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 2.94. Its current Enterprise Value per Revenue stands at 1.013 whereas that against EBITDA is 7.755.
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 11.75%, while the 200-Day Moving Average is calculated to be -5.02%.
Shares Statistics:
TTI traded an average of 1.35M shares per day over the past three months and 1669340 shares per day over the past ten days. A total of 130.08M shares are outstanding, with a floating share count of 124.65M. Insiders hold about 5.43% of the company’s shares, while institutions hold 67.91% stake in the company. Shares short for TTI as of 1728950400 were 3177416 with a Short Ratio of 2.35, compared to 1726185600 on 3789997. Therefore, it implies a Short% of Shares Outstanding of 3177416 and a Short% of Float of 2.54.
