The stock of Select Water Solutions Inc (NYSE: WTTR) has decreased by -1.30 when compared to last closing price of 13.88.Despite this, the company has seen a loss of -1.93% in its stock price over the last five trading days. prnewswire.com reported 2024-11-12 that GAINESVILLE, Texas, Nov. 12, 2024 /PRNewswire/ — Select Water Solutions, Inc. (NYSE: WTTR) (“Select” or the “Company”), a leading provider of sustainable water and chemical solutions to the energy industry, today announced that Chris George, Executive Vice President and Chief Financial Officer, and Michael Skarke, Executive Vice President and Chief Operational Officer, will be participating in the Water Tower Research Fireside Chat Series on November 13, 2024, at 12:00 p.m. Eastern Time / 11:00 a.m.
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 above average at 23.35x. The 36-month beta value for WTTR is also noteworthy at 1.72. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for WTTR is 90.72M, and at present, short sellers hold a 5.17% of that float. The average trading volume of WTTR on November 14, 2024 was 823.46K shares.
WTTR’s Market Performance
The stock of Select Water Solutions Inc (WTTR) has seen a -1.93% decrease in the past week, with a 23.98% rise in the past month, and a 25.11% gain in the past quarter. The volatility ratio for the week is 3.20%, and the volatility levels for the past 30 days are at 4.12% for WTTR. The simple moving average for the last 20 days is 16.76% for WTTR’s stock, with a simple moving average of 34.22% 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 20.78% 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 -5.35% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +20.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.57% upper at present.
During the last 5 trading sessions, WTTR fell by -1.93%, which changed the moving average for the period of 200-days by +77.92% in comparison to the 20-day moving average, which settled at $11.73. In addition, Select Water Solutions Inc saw 80.50% 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 Schmitz John, who sale 225,000 shares at the price of $13.70 back on Nov 11 ’24. After this action, Schmitz John now owns 2,925,128 shares of Select Water Solutions Inc, valued at $3,082,500 using the latest closing price.
Schmitz John, the President/CEO of Select Water Solutions Inc, sale 75,000 shares at $13.93 during a trade that took place back on Nov 08 ’24, which means that Schmitz John is holding 3,150,128 shares at $1,044,750 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 0.06. Equity return is now at value 7.70, with 4.74 for asset returns.
Based on Select Water Solutions Inc (WTTR), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 2.58. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 12.37.
Currently, EBITDA for the company is 166.31 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 1.03. The receivables turnover for the company is 4.94for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
In summary, Select Water Solutions Inc (WTTR) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
