Tetra Tech, Inc [NASDAQ: TTEK] traded at a high on Thursday, posting a 1.42 gain after which it closed the day’ session at $40.79.
The results of the trading session contributed to over 3007101 shares changing hands. Over the past one week, the price volatility of Tetra Tech, Inc stands at 3.51% while the volatility over the past one month is 3.35%.
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The market cap for TTEK stock reached $10.92 billion, with 267.72 million shares outstanding and 266.55 million shares in the current float. Compared to the average trading volume of 1.63M shares, TTEK reached a trading volume of 3007101 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 Tech, Inc [TTEK]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TTEK shares is $50.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TTEK stock is a recommendation set at 1.75. 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.
Maxim Group have made an estimate for Tetra Tech, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 16, 2024. The new note on the price target was released on May 02, 2024, representing the official price target for Tetra Tech, Inc stock. Previously, the target price had yet another raise to $191, while KeyBanc Capital Markets analysts kept a Overweight rating on TTEK stock.
The Average True Range (ATR) for Tetra Tech, Inc is set at 1.56, with the Price to Sales ratio for TTEK stock in the period of the last 12 months amounting to 2.10. The Price to Book ratio for the last quarter was 5.97, with the Price to Cash per share for the same quarter was set at 0.87. Price to Free Cash Flow for TTEK in the course of the last twelve months was 32.07 with Quick ratio for the last quarter at 1.25.
How has TTEK stock performed recently?
Tetra Tech, Inc [TTEK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.42. With this latest performance, TTEK shares dropped by -15.72% in over the last four-week period, additionally sinking by -5.63% over the last 6 months – not to mention a rise of 24.12% 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 TTEK stock in for the last two-week period is set at 29.97, with the RSI for the last a single of trading hit 26.55, and the three-weeks RSI is set at 33.41 for Tetra Tech, Inc [TTEK]. The present Moving Average for the last 50 days of trading for this stock 47.17, while it was recorded at 40.83 for the last single week of trading, and 42.38 for the last 200 days.
Tetra Tech, Inc [TTEK]: Deeper insight into the fundamentals
Tetra Tech, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.25 and a Current Ratio set at 1.25.
Earnings analysis for Tetra Tech, Inc [TTEK]
With the latest financial reports released by the company, Tetra Tech, Inc posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 TTEK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tetra Tech, Inc go to 4.90%.
Insider trade positions for Tetra Tech, Inc [TTEK]
There are presently around $96.02%, or 96.39%% of TTEK stock, in the hands of institutional investors. The top three institutional holders of TTEK stocks are: BLACKROCK INC. with ownership of 5.27 million shares, which is approximately 9.8474%. VANGUARD GROUP INC, holding 5.17 million shares of the stock with an approximate value of $$1.06 billion in TTEK stocks shares; and VANGUARD GROUP INC, currently with $$536.08 million in TTEK stock with ownership which is approximately 4.9018%.
