The price-to-earnings ratio for Energy Recovery Inc (NASDAQ: ERII) is 37.66x, which is above its average ratio. Moreover, the 36-month beta value for ERII is 1.29. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ERII is 55.45M and currently, short sellers hold a 4.28% of that float. On May 02, 2024, ERII’s average trading volume was 429.60K shares.
ERII) stock’s latest price update
The stock price of Energy Recovery Inc (NASDAQ: ERII) has plunged by -13.65 when compared to previous closing price of 14.65, but the company has seen a -10.85% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-01 that Energy Recovery, Inc. (NASDAQ:ERII ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants James Siccardi – Vice President of Investor Relations David Moon – President & Chief Executive Officer Joshua Ballard – Chief Financial Officer Conference Call Participants Pavel Molchanov – Raymond James Ryan Pfingst – B. Riley Securities Operator Greetings and welcome to the Energy Recovery First Quarter 2024 Earnings Call.
ERII’s Market Performance
Energy Recovery Inc (ERII) has seen a -10.85% fall in stock performance for the week, with a -18.59% decline in the past month and a -18.01% plunge in the past quarter. The volatility ratio for the week is 3.99%, and the volatility levels for the past 30 days are at 3.78% for ERII. The simple moving average for the last 20 days is -11.68% for ERII stock, with a simple moving average of -34.60% for the last 200 days.
Analysts’ Opinion of ERII
Many brokerage firms have already submitted their reports for ERII stocks, with B. Riley Securities repeating the rating for ERII by listing it as a “Buy.” The predicted price for ERII in the upcoming period, according to B. Riley Securities is $28 based on the research report published on November 17, 2022 of the previous year 2022.
Raymond James, on the other hand, stated in their research note that they expect to see ERII reach a price target of $23. The rating they have provided for ERII stocks is “Outperform” according to the report published on November 08th, 2022.
ERII Trading at -14.93% from the 50-Day Moving Average
After a stumble in the market that brought ERII to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.87% of loss for the given period.
Volatility was left at 3.78%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares sank -17.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.37% lower at present.
During the last 5 trading sessions, ERII fell by -10.15%, which changed the moving average for the period of 200-days by -58.35% in comparison to the 20-day moving average, which settled at $14.18. In addition, Energy Recovery Inc saw -32.85% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ERII starting from Ballard Joshua, who sale 979 shares at the price of $14.98 back on Mar 11 ’24. After this action, Ballard Joshua now owns 44,427 shares of Energy Recovery Inc, valued at $14,667 using the latest closing price.
Yeung William, the Chief Legal Officer of Energy Recovery Inc, sale 978 shares at $14.98 during a trade that took place back on Mar 11 ’24, which means that Yeung William is holding 87,303 shares at $14,652 based on the most recent closing price.
Stock Fundamentals for ERII
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.68 for the gross margin
The net margin for Energy Recovery Inc stands at 0.22. The total capital return value is set at 0.12. Equity return is now at value 9.83, with 8.64 for asset returns.
Based on Energy Recovery Inc (ERII), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 1.86. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 40.09.
Currently, EBITDA for the company is 24.8 million with net debt to EBITDA at -2.09. When we switch over and look at the enterprise to sales, we see a ratio of 5.32. The receivables turnover for the company is 5.07for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 16.10.
Conclusion
To wrap up, the performance of Energy Recovery Inc (ERII) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
