Tetra Tech, Inc. (NASDAQ: TTEK) has experienced a decline in its stock price by -1.32 compared to its previous closing price of 46.36. However, the company has seen a fall of -2.01% in its stock price over the last five trading days. zacks.com reported 2024-09-18 that Tetra Tech, Casella Waste Systems, Atmus Filtration Technologies and CECO Environmental have been highlighted in this Industry Outlook article.
Is It Worth Investing in Tetra Tech, Inc. (NASDAQ: TTEK) Right Now?
Tetra Tech, Inc. (NASDAQ: TTEK) has a higher price-to-earnings ratio of 42.36x compared to its average ratio, The 36-month beta value for TTEK is at 0.95. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for TTEK is 266.56M, and currently, shorts hold a 1.22% of that float. The average trading volume for TTEK on September 19, 2024 was 1.39M shares.
TTEK’s Market Performance
TTEK stock saw a decrease of -2.01% in the past week, with a monthly decline of -1.73% and a quarterly a decrease of 10.14%. The volatility ratio for the week is 2.26%, and the volatility levels for the last 30 days are 2.03% for Tetra Tech, Inc. (TTEK). The simple moving average for the past 20 days is -1.86% for TTEK’s stock, with a 17.25% simple moving average for the past 200 days.
Analysts’ Opinion of TTEK
Many brokerage firms have already submitted their reports for TTEK stocks, with Maxim Group repeating the rating for TTEK by listing it as a “Buy.” The predicted price for TTEK in the upcoming period, according to Maxim Group is $268 based on the research report published on May 16, 2024 of the current year 2024.
Northcoast, on the other hand, stated in their research note that they expect to see TTEK reach a price target of $225. The rating they have provided for TTEK stocks is “Buy” according to the report published on May 02nd, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to TTEK, setting the target price at $191 in the report published on January 10th of the current year.
TTEK Trading at 2.72% from the 50-Day Moving Average
After a stumble in the market that brought TTEK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.20% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares sank -1.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.57% upper at present.
During the last 5 trading sessions, TTEK fell by -2.01%, which changed the moving average for the period of 200-days by +44.64% in comparison to the 20-day moving average, which settled at $46.58. In addition, Tetra Tech, Inc. saw 37.03% 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 TTEK starting from BURDICK STEVEN M, who sale 36,830 shares at the price of $46.57 back on Sep 11 ’24. After this action, BURDICK STEVEN M now owns 112,620 shares of Tetra Tech, Inc., valued at $1,715,173 using the latest closing price.
Ritrievi Kimberly E, the Director of Tetra Tech, Inc., sale 6,500 shares at $46.48 during a trade that took place back on Sep 11 ’24, which means that Ritrievi Kimberly E is holding 143,200 shares at $302,120 based on the most recent closing price.
Stock Fundamentals for TTEK
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.16 for the gross margin
The net margin for Tetra Tech, Inc. stands at 0.06. The total capital return value is set at 0.16. Equity return is now at value 18.65, with 7.22 for asset returns.
Based on Tetra Tech, Inc. (TTEK), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 10.99.
Currently, EBITDA for the company is 570.53 million with net debt to EBITDA at 1.49. When we switch over and look at the enterprise to sales, we see a ratio of 2.57. The receivables turnover for the company is 4.34for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
In conclusion, Tetra Tech, Inc. (TTEK) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
