The stock of TETRA Technologies Inc. (TTI) has gone down by -4.18% for the week, with a 18.46% rise in the past month and a 120.53% rise in the past quarter. The volatility ratio for the week is 4.70%, and the volatility levels for the past 30 days are 4.04% for TTI. The simple moving average for the last 20 days is 8.06% for TTI’s stock, with a simple moving average of 67.83% for the last 200 days.
Is It Worth Investing in TETRA Technologies Inc. (NYSE: TTI) Right Now?
TETRA Technologies Inc. (NYSE: TTI) has a higher price-to-earnings ratio of 36.16x compared to its average ratio. compared to its average ratio and a 36-month beta value of 2.59. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for TETRA Technologies Inc. (TTI) is $7.50, which is $1.28 above the current market price. The public float for TTI is 117.63M, and currently, short sellers hold a 2.38% ratio of that float. The average trading volume of TTI on September 19, 2023 was 1.81M shares.
TTI) stock’s latest price update
The stock price of TETRA Technologies Inc. (NYSE: TTI) has dropped by -1.60 compared to previous close of 6.32. Despite this, the company has seen a fall of -4.18% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-18 that Tetra Technologies (TTI) made it through our “Recent Price Strength” screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
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 24, 2022 of the previous year 2022.
TTI Trading at 22.22% 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 -4.91% of loss for the given period.
Volatility was left at 4.04%, however, over the last 30 days, the volatility rate increased by 4.70%, as shares surge +16.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +69.89% upper at present.
During the last 5 trading sessions, TTI fell by -3.93%, which changed the moving average for the period of 200-days by +63.65% in comparison to the 20-day moving average, which settled at $5.80. In addition, TETRA Technologies Inc. saw 79.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TTI starting from McNiven Roy, who purchase 7,500 shares at the price of $3.49 back on Mar 09. After this action, McNiven Roy now owns 17,500 shares of TETRA Technologies Inc., valued at $26,169 using the latest closing price.
Murphy Brady M, the President & CEO of TETRA Technologies Inc., purchase 30,000 shares at $3.41 during a trade that took place back on Mar 08, which means that Murphy Brady M is holding 1,722,450 shares at $102,300 based on the most recent closing price.
Stock Fundamentals for TTI
Current profitability levels for the company are sitting at:
- +4.12 for the present operating margin
- +20.52 for the gross margin
The net margin for TETRA Technologies Inc. stands at +1.38. The total capital return value is set at 7.72, while invested capital returns managed to touch 2.66. Equity return is now at value 19.40, with 5.20 for asset returns.
Based on TETRA Technologies Inc. (TTI), the company’s capital structure generated 180.40 points at debt to equity in total, while total debt to capital is 64.34. Total debt to assets is 42.43, with long-term debt to equity ratio resting at 171.92. Finally, the long-term debt to capital ratio is 61.31.
When we switch over and look at the enterprise to sales, we see a ratio of 1.65, with the company’s debt to enterprise value settled at 0.31. The receivables turnover for the company is 5.01 and the total asset turnover is 1.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.
Conclusion
To put it simply, TETRA Technologies Inc. (TTI) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
