In the past week, TTEK stock has gone down by -14.55%, with a monthly decline of -15.79% and a quarterly plunge of -11.65%. The volatility ratio for the week is 3.94%, and the volatility levels for the last 30 days are 3.05% for Tetra Tech, Inc The simple moving average for the last 20 days is -13.25% for TTEK stock, with a simple moving average of -2.74% for the last 200 days.
Is It Worth Investing in Tetra Tech, Inc (NASDAQ: TTEK) Right Now?
The price-to-earnings ratio for Tetra Tech, Inc (NASDAQ: TTEK) is 33.42x, which is above its average ratio. Moreover, the 36-month beta value for TTEK is 0.92. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for TTEK is 266.55M and currently, short sellers hold a 1.47% of that float. On November 19, 2024, TTEK’s average trading volume was 1.54M shares.
TTEK) stock’s latest price update
The stock price of Tetra Tech, Inc (NASDAQ: TTEK) has plunged by -0.36 when compared to previous closing price of 41.27, but the company has seen a -14.55% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-14 that Tetra Tech, Inc. (NASDAQ:TTEK ) Q3 2024 Earnings Conference Call November 14, 2024 11:00 AM ET Company Participants Dan Batrack – Chairman and Chief Executive Officer Steve Burdick – Chief Financial Officer Leslie Shoemaker – Chief Innovation Officer Conference Call Participants Tim Mulrooney – William Blair Sangita Jain – KeyBanc Capital Markets Ryan Connors – Northcoast Tate Sullivan – Maxim Group Michael Dudas – Vertical Research Partners Sabahat Khan – RBC Capital Markets Operator Good morning and thank you for joining Tetra Tech’s Earning Call. As a reminder, Tetra Tech is also simulcasting this presentation with slides in the Investor section of its website at tetratech.com.
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 -13.46% 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 -19.69% of loss for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 3.94%, as shares sank -16.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.80% lower at present.
During the last 5 trading sessions, TTEK fell by -14.55%, which changed the moving average for the period of 200-days by +23.64% in comparison to the 20-day moving average, which settled at $47.40. In addition, Tetra Tech, Inc saw 23.17% 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:
- 0.1 for the present operating margin
- 0.17 for the gross margin
The net margin for Tetra Tech, Inc stands at 0.06. The total capital return value is set at 0.17. Equity return is now at value 20.62, with 8.32 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 0.37. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 23.32.
Currently, EBITDA for the company is 500.74 million with net debt to EBITDA at 1.4. When we switch over and look at the enterprise to sales, we see a ratio of 2.27. The receivables turnover for the company is 4.94for 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 1.25.
Conclusion
To wrap up, the performance of Tetra Tech, Inc (TTEK) has been mixed in recent times. The stock has received a mixed 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.
