Energy Recovery Inc [NASDAQ: ERII] gained 0.84% or 0.13 points to close at $15.63 with a heavy trading volume of 3087616 shares.
The daily chart for ERII points out that the company has recorded 17.61% gains over the past six months.
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If we look at the average trading volume of 405.77K shares, ERII reached to a volume of 3087616 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Energy Recovery Inc [ERII]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ERII shares is $20.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ERII stock is a recommendation set at 1.50. 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.
Raymond James have made an estimate for Energy Recovery Inc shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on July 09, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on November 17, 2022, representing the official price target for Energy Recovery Inc stock. Previously, the target price had yet another raise to $23, while Raymond James analysts kept a Outperform rating on ERII stock.
The Average True Range (ATR) for Energy Recovery Inc is set at 0.90, with the Price to Sales ratio for ERII stock in the period of the last 12 months amounting to 6.70. The Price to Book ratio for the last quarter was 3.87, with the Price to Cash per share for the same quarter was set at 2.05. Price to Free Cash Flow for ERII in the course of the last twelve months was 39.74 with Quick ratio for the last quarter at 8.29.
Trading performance analysis for ERII stock
Energy Recovery Inc [ERII] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.74. With this latest performance, ERII shares dropped by -12.58% in over the last four-week period, additionally plugging by 17.61% over the last 6 months – not to mention a drop of -18.85% 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 ERII stock in for the last two-week period is set at 34.10, with the RSI for the last a single of trading hit 29.63, and the three-weeks RSI is set at 38.18 for Energy Recovery Inc [ERII]. The present Moving Average for the last 50 days of trading for this stock 17.78, while it was recorded at 15.98 for the last single week of trading, and 15.50 for the last 200 days.
Energy Recovery Inc [ERII]: A deeper dive into fundamental analysis
Energy Recovery Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.29 and a Current Ratio set at 10.06.
Energy Recovery Inc [ERII]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Energy Recovery Inc posted 0.34/share EPS, while the average EPS was predicted by analysts to be reported at 0.4/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.06. 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 ERII. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Energy Recovery Inc go to 20.00%.
An analysis of Institutional ownership at Energy Recovery Inc [ERII]
There are presently around $94.01%, or 96.34%% of ERII stock, in the hands of institutional investors. The top three institutional holders of ERII stocks are: BLACKROCK INC. with ownership of 5.17 million shares, which is approximately 9.0593%. BROWN CAPITAL MANAGEMENT LLC, holding 3.82 million shares of the stock with an approximate value of $$50.79 million in ERII stocks shares; and BROWN CAPITAL MANAGEMENT LLC, currently with $$47.54 million in ERII stock with ownership which is approximately 6.2649%.
