Upward Trajectory: Tetra Technologies, Inc. (TTI) Posts a Slidee, Closing at 3.33

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The closing price of Tetra Technologies, Inc. (NYSE: TTI) was $3.33 for the day, down -0.60% from the previous closing price of $3.35. In other words, the price has decreased by -$0.60 from its previous closing price. On the day, 1.99 million shares were traded. TTI stock price reached its highest trading level at $3.41 during the session, while it also had its lowest trading level at $3.29.

Ratios:

Our analysis of TTI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 70.32. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 1.46 whereas as Long-Term Debt/Eq ratio is at 1.40.

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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 439313568 and an Enterprise Value of 614359168. As of this moment, Tetra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.05, 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 0.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 2.96. Its current Enterprise Value per Revenue stands at 0.974 whereas that against EBITDA is 7.812.

Stock Price History:

The Beta on a monthly basis for TTI is 2.07, which has changed by -0.05397725 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, TTI has reached a high of $6.77, while it has fallen to a 52-week low of $3.12. The 50-Day Moving Average of the stock is -12.14%, while the 200-Day Moving Average is calculated to be -26.09%.

Shares Statistics:

TTI traded an average of 1.40M shares per day over the past three months and 1239650 shares per day over the past ten days. A total of 130.08M shares are outstanding, with a floating share count of 117.62M. Insiders hold about 10.31% of the company’s shares, while institutions hold 69.53% stake in the company. Shares short for TTI as of 1718323200 were 3025597 with a Short Ratio of 2.16, compared to 1715731200 on 3495478. Therefore, it implies a Short% of Shares Outstanding of 3025597 and a Short% of Float of 2.4300002000000003.

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