The stock price of Tetra Technologies, Inc. (NYSE: TTI) has surged by 5.91 when compared to previous closing price of 4.57, but the company has seen a 11.26% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-15 that If you have a high risk tolerance and are seeking supersized returns in the stock market, penny stocks should be at the top of your watchlist. While the bad reputation penny stocks have is often justified, by avoiding biotech and cash-burning companies, you can find some real gems trading at bargain valuations.
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 24.47x compared to its average ratio. TTI has 36-month beta value of 2.23. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for TTI is 117.19M, and currently, short sellers hold a 2.72% ratio of that float. The average trading volume of TTI on April 03, 2024 was 1.43M shares.
TTI’s Market Performance
TTI’s stock has seen a 11.26% increase for the week, with a 22.84% rise in the past month and a 8.52% gain in the past quarter. The volatility ratio for the week is 3.27%, and the volatility levels for the past 30 days are at 3.96% for Tetra Technologies, Inc. The simple moving average for the last 20 days is 13.11% for TTI stock, with a simple moving average of 3.24% for the last 200 days.
Analysts’ Opinion of TTI
Many brokerage firms have already submitted their reports for TTI stocks, with The Benchmark Company repeating the rating for TTI by listing it as a “Buy.” The predicted price for TTI in the upcoming period, according to The Benchmark Company is $8 based on the research report published on September 28, 2023 of the previous year 2023.
Johnson Rice, on the other hand, stated in their research note that they expect to see TTI reach a price target of $7. The rating they have provided for TTI stocks is “Buy” according to the report published on June 24th, 2022.
Stifel gave a rating of “Buy” to TTI, setting the target price at $3 in the report published on February 03rd of the previous year.
TTI Trading at 16.83% 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 -28.50% of loss for the given period.
Volatility was left at 3.96%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares surge +20.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.35% upper at present.
During the last 5 trading sessions, TTI rose by +8.74%, which changed the moving average for the period of 200-days by +61.99% in comparison to the 20-day moving average, which settled at $4.32. In addition, Tetra Technologies, Inc. saw 7.08% 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 BATES THOMAS R JR, who sale 12,000 shares at the price of $4.99 back on Aug 02 ’23. After this action, BATES THOMAS R JR now owns 505,373 shares of Tetra Technologies, Inc., valued at $59,899 using the latest closing price.
Stock Fundamentals for TTI
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.24 for the gross margin
The net margin for Tetra Technologies, Inc. stands at 0.04. The total capital return value is set at 0.04. Equity return is now at value 19.91, with 5.33 for asset returns.
Based on Tetra Technologies, Inc. (TTI), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 1.13. The interest coverage ratio of the stock is 0.74.
Currently, EBITDA for the company is 79.88 million with net debt to EBITDA at 1.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.22. The receivables turnover for the company is 5.6for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.24.
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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
