Select Water Solutions Inc (NYSE: WTTR)’s stock price has decreased by -5.62 compared to its previous closing price of 11.21. However, the company has seen a -6.62% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-07-30 that Although the revenue and EPS for Select Water Solutions, Inc. (WTTR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in Select Water Solutions Inc (NYSE: WTTR) Right Now?
The price-to-earnings ratio for Select Water Solutions Inc (NYSE: WTTR) is 18.46x, which is above its average ratio. Moreover, the 36-month beta value for WTTR is 1.66. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for WTTR is 90.73M and currently, short sellers hold a 8.17% of that float. On September 27, 2024, WTTR’s average trading volume was 918.04K shares.
WTTR’s Market Performance
The stock of Select Water Solutions Inc (WTTR) has seen a -6.62% decrease in the past week, with a -7.27% drop in the past month, and a 0.86% gain in the past quarter. The volatility ratio for the week is 3.60%, and the volatility levels for the past 30 days are at 3.21% for WTTR. The simple moving average for the last 20 days is -4.18% for WTTR stock, with a simple moving average of 11.50% for the last 200 days.
Analysts’ Opinion of WTTR
Many brokerage firms have already submitted their reports for WTTR stocks, with Northland Capital repeating the rating for WTTR by listing it as a “Outperform.” The predicted price for WTTR in the upcoming period, according to Northland Capital is $14.50 based on the research report published on August 22, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see WTTR reach a price target of $13. The rating they have provided for WTTR stocks is “Buy” according to the report published on May 09th, 2024.
Northland Capital gave a rating of “Market Perform” to WTTR, setting the target price at $11.50 in the report published on April 22nd of the current year.
WTTR Trading at -4.74% from the 50-Day Moving Average
After a stumble in the market that brought WTTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.77% of loss for the given period.
Volatility was left at 3.21%, however, over the last 30 days, the volatility rate increased by 3.60%, as shares sank -6.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.45% lower at present.
During the last 5 trading sessions, WTTR fell by -6.62%, which changed the moving average for the period of 200-days by +47.35% in comparison to the 20-day moving average, which settled at $11.01. In addition, Select Water Solutions Inc saw 39.39% 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 WTTR starting from Skarke Michael, who sale 13,421 shares at the price of $9.78 back on May 13 ’24. After this action, Skarke Michael now owns 380,981 shares of Select Water Solutions Inc, valued at $131,257 using the latest closing price.
Szymanski Brian, the Chief Accounting Officer of Select Water Solutions Inc, sale 8,080 shares at $8.33 during a trade that took place back on Mar 06 ’24, which means that Szymanski Brian is holding 84,304 shares at $67,307 based on the most recent closing price.
Stock Fundamentals for WTTR
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.15 for the gross margin
The net margin for Select Water Solutions Inc stands at 0.04. The total capital return value is set at 0.05. Equity return is now at value 7.65, with 4.58 for asset returns.
Based on Select Water Solutions Inc (WTTR), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 2.96. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -40.86.
Currently, EBITDA for the company is 214.93 million with net debt to EBITDA at 0.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 5.07for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
To wrap up, the performance of Select Water Solutions Inc (WTTR) has been mixed 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.
