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.
After finishing at $4.42 in the prior trading day, Tetra Technologies, Inc. (NYSE: TTI) closed at $4.48, up 1.36%. In other words, the price has increased by $1.36 from its previous closing price. On the day, 0.89 million shares were traded. TTI stock price reached its highest trading level at $4.53 during the session, while it also had its lowest trading level at $4.375.
Ratios:
Our goal is to gain a better understanding of TTI 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 11.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.33. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 2.24. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 1.26.
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.
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 02 ’23 when BATES THOMAS R JR sold 12,000 shares for $4.99 per share. The transaction valued at 59,899 led to the insider holds 505,373 shares of the business.
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 587489280 and an Enterprise Value of 727315840. As of this moment, Tetra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.65, and their Forward P/E ratio for the next fiscal year is 9.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 3.92. Its current Enterprise Value per Revenue stands at 1.161 whereas that against EBITDA is 9.17.
Stock Price History:
Over the past 52 weeks, TTI has reached a high of $6.77, while it has fallen to a 52-week low of $2.56. The 50-Day Moving Average of the stock is 5.13%, while the 200-Day Moving Average is calculated to be -6.60%.
Shares Statistics:
The stock has traded on average 1.36M shares per day over the past 3-months and 1032660 shares per day over the last 10 days, according to various share statistics. A total of 130.08M shares are outstanding, with a floating share count of 117.84M. Insiders hold about 10.14% of the company’s shares, while institutions hold 70.25% stake in the company. Shares short for TTI as of 1711584000 were 2649101 with a Short Ratio of 1.95, compared to 1709164800 on 3084876. Therefore, it implies a Short% of Shares Outstanding of 2649101 and a Short% of Float of 2.1300000999999997.
