Tetra Technologies, Inc (NYSE: TTI) has experienced a rise in its stock price by 1.76 compared to its previous closing price of 3.97. However, the company has seen a gain of 4.94% in its stock price over the last five trading days. globenewswire.com reported 2024-11-20 that As the competition increases in the U.S. hand tools market, key differentiators like durability, safety features, tool performance, pricing, and customization will become critical factors for success. Global players’ increased presence will likely make it more challenging for smaller regional vendors to maintain their market share, pushing them to innovate or collaborate to stay relevant in this fast-evolving landscape. As the competition increases in the U.S. hand tools market, key differentiators like durability, safety features, tool performance, pricing, and customization will become critical factors for success. Global players’ increased presence will likely make it more challenging for smaller regional vendors to maintain their market share, pushing them to innovate or collaborate to stay relevant in this fast-evolving landscape.
Is It Worth Investing in Tetra Technologies, Inc (NYSE: TTI) Right Now?
The price-to-earnings ratio for Tetra Technologies, Inc (NYSE: TTI) is above average at 333.88x, Company’s 36-month beta value is 2.12.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for TTI is 124.86M, and currently, short sellers hold a 2.75% ratio of that floaft. The average trading volume of TTI on November 22, 2024 was 1.38M shares.
TTI’s Market Performance
TTI’s stock has seen a 4.94% increase for the week, with a 36.49% rise in the past month and a 25.08% gain in the past quarter. The volatility ratio for the week is 4.08%, and the volatility levels for the past 30 days are at 5.86% for Tetra Technologies, Inc The simple moving average for the past 20 days is 12.07% for TTI’s stock, with a 10.38% simple moving average for the past 200 days.
Analysts’ Opinion of TTI
Many brokerage firms have already submitted their reports for TTI stocks, with The Benchmark Company repeating the rating for TTI by listing it as a “Buy.” The predicted price for TTI in the upcoming period, according to The Benchmark Company is $8 based on the research report published on September 28, 2023 of the previous year 2023.
Johnson Rice, on the other hand, stated in their research note that they expect to see TTI reach a price target of $7. The rating they have provided for TTI stocks is “Buy” according to the report published on June 24th, 2022.
Stifel gave a rating of “Buy” to TTI, setting the target price at $3 in the report published on February 03rd of the previous year.
TTI Trading at 20.91% from the 50-Day Moving Average
After a stumble in the market that brought TTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.47% of loss for the given period.
Volatility was left at 5.86%, however, over the last 30 days, the volatility rate increased by 4.08%, as shares surge +35.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.25% upper at present.
During the last 5 trading sessions, TTI rose by +4.94%, which changed the moving average for the period of 200-days by +4.94% in comparison to the 20-day moving average, which settled at $3.61. In addition, Tetra Technologies, Inc saw -10.62% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TTI
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.22 for the gross margin
The net margin for Tetra Technologies, Inc stands at 0.0. The total capital return value is set at 0.12. Equity return is now at value 4.78, with 1.47 for asset returns.
Based on Tetra Technologies, Inc (TTI), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.2. The interest coverage ratio of the stock is 2.01.
Currently, EBITDA for the company is 88.38 million with net debt to EBITDA at 2.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.13. The receivables turnover for the company is 5.61for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.
Conclusion
In a nutshell, Tetra Technologies, Inc (TTI) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
