Tetra Technologies, Inc. (TTI)’s Market Momentum: Closing Strong at 3.10, Up 6.90

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As of close of business last night, Tetra Technologies, Inc.’s stock clocked out at $3.10, up 6.90% from its previous closing price of $2.90. In other words, the price has increased by $6.90 from its previous closing price. On the day, 3.26 million shares were traded. TTI stock price reached its highest trading level at $3.12 during the session, while it also had its lowest trading level at $2.875.

Ratios:

To gain a deeper understanding of TTI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.72 and its Current Ratio is at 2.41. In the meantime, Its Debt-to-Equity ratio is 1.38 whereas as Long-Term Debt/Eq ratio is at 1.33.

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 407491872 and an Enterprise Value of 582740224. As of this moment, Tetra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.84, and their Forward P/E ratio for the next fiscal year is 7.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 2.63. Its current Enterprise Value per Revenue stands at 0.929 whereas that against EBITDA is 7.404.

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 $2.68. The 50-Day Moving Average of the stock is -2.26%, while the 200-Day Moving Average is calculated to be -19.20%.

Shares Statistics:

It appears that TTI traded 1.13M shares on average per day over the past three months and 1626370 shares per day over the past ten days. A total of 130.08M shares are outstanding, with a floating share count of 124.33M. Insiders hold about 5.42% of the company’s shares, while institutions hold 69.27% stake in the company. Shares short for TTI as of 1726185600 were 3789997 with a Short Ratio of 3.35, compared to 1723680000 on 3108917. Therefore, it implies a Short% of Shares Outstanding of 3789997 and a Short% of Float of 3.04.

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