Energy Recovery Inc. (NASDAQ:ERII) has a beta value of 1.26 and has seen 0.52 million shares traded in the last trading session. The company, currently valued at $1.29B, closed the last trade at $23.03 per share which meant it gained $0.53 on the day or 2.36% during that session. The ERII stock price is -2.87% off its 52-week high price of $23.69 and 65.83% above the 52-week low of $7.87. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.45 million shares traded. The 3-month trading volume is 368.39K shares.
The consensus among analysts is that Energy Recovery Inc. (ERII) is an Overweight stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
Energy Recovery Inc. (NASDAQ:ERII) trade information
Sporting 2.36% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the ERII stock price touched $23.03 or saw a rise of 0.35%. Year-to-date, Energy Recovery Inc. shares have moved 68.84%, while the 5-day performance has seen it change 14.69%. Over the past 30 days, the shares of Energy Recovery Inc. (NASDAQ:ERII) have changed 14.58%. Short interest in the company has seen 2.24 million shares shorted with days to cover at 4.03.
Wall Street analysts have a consensus price target for the stock at $24.50, which means that the shares’ value could jump 6.0% from current levels. The projected low price target is $23.00 while the price target rests at a high of $26.00. In that case, then, we find that the current price level is -12.9% off the targeted high while a plunge would see the stock lose 0.13% from current levels.
Energy Recovery Inc. (ERII) estimates and forecasts
Figures show that Energy Recovery Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 36.03% over the past 6 months, with this year growth rate of -56.00%, compared to 4.00% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -97.00% and -90.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -14.30%.
3 analysts offering their estimates for the company have set an average revenue estimate of $21.93 million for the current quarter. 3 have an estimated revenue figure of $20.6 million for the next quarter concluding in Sep 2021.
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 32.50% over the past 5 years. Earnings growth for 2021 is a modest 139.40% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
Energy Recovery Inc. is expected to release its next earnings report on May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Energy Recovery Inc. (NASDAQ:ERII)’s Major holders
Insiders own 27.30% of the company shares, while shares held by institutions stand at 56.31% with a share float percentage of 77.45%. Investors are also buoyed by the number of investors in a company, with Energy Recovery Inc. having a total of 209 institutions that hold shares in the company. The top two institutional holders are Trigran Investments Inc with over 4.05 million shares worth more than $74.37 million. As of Mar 30, 2021, Trigran Investments Inc held 7.10% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 3.69 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $67.62 million and represent 6.46% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Mar 30, 2021, the former fund manager holds about 2.38% shares in the company for having 1.36 million shares of worth $24.92 million while later fund manager owns 0.93 million shares of worth $19.73 million as of Apr 29, 2021, which makes it owner of about 1.63% of company’s outstanding stock.