TETRA Technologies Inc. (NYSE:TTI) went down by -2.62% from its latest closing price compared to the recent 1-year high of $5.82. The company’s stock price has collected -1.85% of loss in the last five trading sessions.
Is It Worth Investing in TETRA Technologies Inc. (NYSE :TTI) Right Now?
TETRA Technologies Inc. (NYSE:TTI) scored a price-to-earnings ratio above its average ratio, recording 54.56 x from its present earnings ratio. Plus, the 36-month beta value for TTI is at 2.61.
TTI currently public float of 115.78M and currently shorts hold a 2.40% ratio of that float. Today, the average trading volume of TTI was 1.15M shares.
TTI’s Market Performance
TTI stocks went down by -1.85% for the week, with a monthly drop of -22.71% and a quarterly performance of -11.88%, while its annual performance rate touched 24.92%. The volatility ratio for the week stands at 4.73% while the volatility levels for the past 30 days are set at 6.10% for TETRA Technologies Inc. The simple moving average for the period of the last 20 days is -10.54% for TTI stocks with a simple moving average of -7.29% for the last 200 days.
Analysts’ Opinion of TTI
Many brokerage firms have already submitted their reports for TTI stocks, with Johnson Rice repeating the rating for TTI by listing it as a “Buy.” The predicted price for TTI in the upcoming period, according to Johnson Rice is $7 based on the research report published on June 24th of the current year 2022.
Stifel, on the other hand, stated in their research note that they expect to see TTI reach a price target of $3. The rating they have provided for TTI stocks is “Buy” according to the report published on February 03rd, 2021.
Evercore ISI gave a rating of “Outperform” to TTI, setting the target price at $3 in the report published on February 02nd of the previous year.
TTI Trading at -8.49% from the 50-Day Moving Average
After a stumble in the market that brought TTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.20% of loss for the given period.
Volatility was left at 6.10%, however, over the last 30 days, the volatility rate increased by 4.73%, as shares sank -24.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.82% lower at present.
During the last 5 trading sessions, TTI fell by -1.85%, which changed the moving average for the period of 200-days by +34.91% in comparison to the 20-day moving average, which settled at $4.09. In addition, TETRA Technologies Inc. saw 30.63% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at TTI starting from McNiven Roy, who purchase 2,500 shares at the price of $3.35 back on Sep 27. After this action, McNiven Roy now owns 10,000 shares of TETRA Technologies Inc., valued at $8,375 using the latest closing price.
McNiven Roy, the Sr. Vice President of TETRA Technologies Inc., purchase 7,500 shares at $3.40 during a trade that took place back on Sep 26, which means that McNiven Roy is holding 7,500 shares at $25,500 based on the most recent closing price.
Stock Fundamentals for TTI
Equity return is now at value 8.20, with 2.10 for asset returns.