In the latest trading session, 1.27 million TETRA Technologies Inc. (NYSE:TTI) shares changed hands as the company’s beta touched 3.19. With the company’s most recent per share price at $3.88 changing hands around $0.19 or 5.01% at last look, the market valuation stands at $476.01M. TTI’s current price is a discount, trading about -5.67% off its 52-week high of $4.10. The share price had its 52-week low at $0.38, which suggests the last value was 90.21% up since then. When we look at TETRA Technologies Inc.’s average trading volume, we note the 10-day average is 2.27 million shares, with the 3-month average coming to 1.76 million.
Analysts gave the TETRA Technologies Inc. (TTI) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended TTI as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. TETRA Technologies Inc.’s EPS for the current quarter is expected to be $0.01.
TETRA Technologies Inc. (NYSE:TTI) trade information
Instantly TTI is in green as seen in intraday trades today. With action -3.66%, the performance over the past five days has been red. The jump to weekly highs of 4.06 on Friday, 06/18/21 added 5.01% to the stock’s daily price. The company’s shares are showing year-to-date upside of 328.32%, with the 5-day performance at -3.66% in the red. However, in the 30-day time frame, TETRA Technologies Inc. (NYSE:TTI) is 9.82% up. Looking at the short shares, we see there were 1.62 million shares sold at short interest cover period of 0.76 days.
The consensus price target for the stock as assigned by Wall Street analysts is $3.75, meaning bulls need a downside of -3.47% from its recent market value. According to analyst projections, TTI’s forecast low is $3.50 with $4.00 as the target high. To hit the forecast high, the stock’s price needs a -3.09% plunge from its current level, while the stock would need to tank 9.79% for it to hit the projected low.
TETRA Technologies Inc. (TTI) estimates and forecasts
Data shows that the TETRA Technologies Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 360.73% over the past 6 months, a 109.09% in annual growth rate that is considerably higher than the industry average of 31.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for TETRA Technologies Inc. will rise 111.10%, while the growth in revenue is estimated to hit 122.20% for the next quarter. Year-over-year growth is forecast to reach 4.30% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $106.95 million. 2 analysts are of the opinion that TETRA Technologies Inc.’s revenue for the quarter ending Sep 2021 will be $102.7 million. The company’s revenue for the corresponding quarters a year ago was $192.44 million and $152.6 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -44.40%. The estimates for the next quarter sales put growth at -32.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 16.00%. The 2021 estimates are for TETRA Technologies Inc. earnings to increase by 117.70%, but the outlook for the next 5-year period is at 29.00% per year.
TETRA Technologies Inc. (NYSE:TTI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.87% of TETRA Technologies Inc. shares while 52.79% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.57%. There are 52.79% institutions holding the TETRA Technologies Inc. stock share, with Fuller & Thaler Asset Management Inc. the top institutional holder. As of Mar 30, 2021, the company held 6.37% of the shares, roughly 8.06 million TTI shares worth $19.35 million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 4.24% or 5.37 million shares worth $12.89 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Undiscovered Managers Behavioral Value Fund and Price (T.Rowe) Small-Cap Value Fund. With 6.44 million shares estimated at $15.47 million under it, the former controlled 5.09% of total outstanding shares. On the other hand, Price (T.Rowe) Small-Cap Value Fund held about 2.97% of the shares, roughly 3.75 million shares worth around $9.01 million.