Tetra Technologies, Inc. [NYSE: TTI] traded at a high on Wednesday, posting a 22.71 gain after which it closed the day’ session at $3.62.
The results of the trading session contributed to over 4725746 shares changing hands. Over the past one week, the price volatility of Tetra Technologies, Inc. stands at 7.75% while the volatility over the past one month is 5.20%.
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The market cap for TTI stock reached $475.84 million, with 130.08 million shares outstanding and 124.31 million shares in the current float. Compared to the average trading volume of 1.29M shares, TTI reached a trading volume of 4725746 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Tetra Technologies, Inc. [TTI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TTI shares is $6.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TTI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for Tetra Technologies, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 28, 2023. The new note on the price target was released on June 24, 2022, representing the official price target for Tetra Technologies, Inc. stock. Previously, the target price had yet another raise to $3, while Stifel analysts kept a Buy rating on TTI stock.
The Average True Range (ATR) for Tetra Technologies, Inc. is set at 0.20, with the Price to Sales ratio for TTI stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 3.04, with the Price to Cash per share for the same quarter was set at 0.37.
How has TTI stock performed recently?
Tetra Technologies, Inc. [TTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.30. With this latest performance, TTI shares gained by 14.20% in over the last four-week period, additionally sinking by -2.16% over the last 6 months – not to mention a drop of -35.13% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TTI stock in for the last two-week period is set at 61.85, with the RSI for the last a single of trading hit 65.59, and the three-weeks RSI is set at 59.19 for Tetra Technologies, Inc. [TTI]. The present Moving Average for the last 50 days of trading for this stock 3.12, while it was recorded at 3.16 for the last single week of trading, and 3.70 for the last 200 days.
Tetra Technologies, Inc. [TTI]: Deeper insight into the fundamentals
Tetra Technologies, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.51 and a Current Ratio set at 2.33.
Earnings analysis for Tetra Technologies, Inc. [TTI]
With the latest financial reports released by the company, Tetra Technologies, Inc. posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TTI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tetra Technologies, Inc. go to 29.00%.
Insider trade positions for Tetra Technologies, Inc. [TTI]
There are presently around $69.40%, or 73.11%% of TTI stock, in the hands of institutional investors. The top three institutional holders of TTI stocks are: BLACKROCK INC. with ownership of 10.29 million shares, which is approximately 7.8874%. VANGUARD GROUP INC, holding 8.18 million shares of the stock with an approximate value of $$28.29 million in TTI stocks shares; and VANGUARD GROUP INC, currently with $$27.05 million in TTI stock with ownership which is approximately 5.9936%.
