TETRA Technologies, Inc. (NYSE:TTI) has a beta value of 2.64 and has seen 8,779,705 shares traded in the recent trading session. The company, currently valued at $73.26 Million, closed the recent trade at $0.5819 per share which meant it lost $0 on the day or 5.67% during that session. The TTI stock price is -274.64% off its 52-week high price of $2.18 and 62.19% above the 52-week low of $0.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.92 Million shares traded. The 3-month trading volume is 6.09 Million shares.
TETRA Technologies, Inc. (NYSE:TTI) trade information
Sporting 3.27% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the TTI stock price touched $0.65 or saw a rise of 13.09%. Year-to-date, TETRA Technologies, Inc. shares have moved -71.18%, while the 5-day performance has seen it change 35.05%. Over the past 30 days, the shares of TETRA Technologies, Inc. (NYSE:TTI) have changed 71.18%. Short interest in the company has seen 8.87 Million shares shorted with days to cover at 1.46.
TETRA Technologies, Inc. (TTI) estimates and forecasts
Figures show that TETRA Technologies, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -72.19% over the past 6 months, with this year growth rate of 700%, compared to -33.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -350% and -600% for the next quarter. Revenue growth from the last financial year stood is estimated to be -31.6%.
3 analysts offering their estimates for the company have set an average revenue estimate of $188.33 Million for the current quarter. 3 have an estimated revenue figure of $148.12 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $288.8 Million and $276Million respectively for this quarter and the next, and analysts expect sales will grow by -34.8% for the current quarter and -46.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +12.7% over the past 5 years. Earnings growth for 2020 is a modest -499.8% while over the next 5 years, the company’s earnings are expected to increase by 29%.
TETRA Technologies, Inc. (NYSE:TTI)’s Major holders
Insiders own 3.48% of the company shares, while shares held by institutions stand at 83.24% with a share float percentage of 86.25%. Investors are also buoyed by the number of investors in a company, with TETRA Technologies, Inc. having a total of 158 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 19.43 Million shares worth more than $6.22 Million. As of March 30, 2020, Blackrock Inc. held 15.43% of shares outstanding.
The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 10.44 Million shares as of March 30, 2020. The firm’s total holdings are worth over $3.34 Million and represent 8.29% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Price (T.Rowe) Small-Cap Value Fund. As of March 30, 2020, the former fund manager holds about 6.49% shares in the company for having 8165227 shares of worth $2.61 Million while later fund manager owns 6.75 Million shares of worth $13.24 Million as of December 30, 2019, which makes it owner of about 5.36% of company’s outstanding stock.