In the last trading session, 1,552,693 shares of the TETRA Technologies, Inc.(NYSE:TTI) were traded, and its beta was 3.41. Most recently the company’s share price was $2.55, and it changed around $0.14 or 0.06% from the last close, which brings the market valuation of the company to $321.24 Million. TTI currently trades at a discount to its 52-week high of $2.78, offering almost -9.02% off that amount. The share price’s 52-week low was $0.22, which indicates that the current value has risen by an impressive 91.37% since then. We note from TETRA Technologies, Inc.’s average daily trading volume that its 10-day average is 2.75 Million shares, with the 3-month average coming to 2.4 Million.
TETRA Technologies, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.5. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended TTI as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. TETRA Technologies, Inc. is expected to report earnings per share of -$0.04 for the current quarter.
TETRA Technologies, Inc. (NYSE:TTI): Trading Information
Instantly TTI has showed a green trend with a performance of 5.81% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.78- on Tuesday, Feb 16 increased the stock’s daily price by 8.31%. The company’s shares are currently up 1.96% year-to-date, but still down -0.0116 over the last five days. On the other hand, TETRA Technologies, Inc. (NYSE:TTI) is 0.85% up in the 30-day period. We can see from the shorts that 852.15 Million shares have been sold at a short interest cover period of 355.06 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bears needing to increase their stock price by 17.65% from its current value. Analyst projections state that TTI is forecast to be at a low of $3 and a high of $3. In order for the stock price to hit the forecast high, the stock would need to surge +17.65% from its current level, while the stock would need to crash 17.65% from its current level to reach the projected low.
TETRA Technologies, Inc. (TTI) projections and forecasts
TETRA Technologies, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +344.95 percent over the past six months and at a -320% annual growth rate that is well below the industry average of 9.1%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -233.3% in revenue this quarter, and will report a decline of -250% in the next quarter. The year-over-year growth rate is expected to be -34.5%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $111.65 Million in revenue for the current quarter. 2 analysts expect TETRA Technologies, Inc. to make $79.85 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $259.46 Million and $222.94 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -57%. Forecasts for the next quarter put sales growth at -64.2%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 12.7%. TETRA Technologies, Inc. earnings are expected to decrease by -499.8% in 2021, but the outlook is positive 29% per year for the next five years.
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TETRA Technologies, Inc. (NYSE:TTI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 7.23% of TETRA Technologies, Inc. shares, and 44.83% of them are in the hands of institutional investors. The stock currently has a share float of 48.33%. TETRA Technologies, Inc. stock is held by 88 institutions, with Roumell Asset Management LLC being the largest institutional investor. By Sep 29, 2020, it held 9.11% of the shares, which is about 11.48 Million shares worth $5.86 Million.
Fuller & Thaler Asset Management Inc., with 5.66% or 7.13 Million shares worth $3.64 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.