TETRA Technologies Inc. (NYSE: TTI)’s -10.36% Loss This Week Just Tells Us Something New – Marketing Sentinel
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TETRA Technologies Inc. (NYSE: TTI)’s -10.36% Loss This Week Just Tells Us Something New

During the last session, TETRA Technologies Inc. (NYSE:TTI)’s traded shares were 1.28 million, with the beta value of the company hitting 2.71. At the end of the trading day, the stock’s price was $4.24, reflecting an intraday loss of -2.30% or -$0.1. The 52-week high for the TTI share is $5.82, that puts it down -37.26 from that peak though still a striking 45.28% gain since the share price plummeted to a 52-week low of $2.32. The company’s market capitalization is $546.49M, and the average intraday trading volume over the past 10 days was 1.41 million shares, and the average trade volume was 1.34 million shares over the past three months.

TETRA Technologies Inc. (TTI) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.50. TTI has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.05.

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TETRA Technologies Inc. (NYSE:TTI) trade information

TETRA Technologies Inc. (TTI) registered a -2.30% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.30% in intraday trading to $4.24 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -10.36%, and it has moved by -1.17% in 30 days. Based on these gigs, the overall price performance for the year is 3.16%. The short interest in TETRA Technologies Inc. (NYSE:TTI) is 2.54 million shares and it means that shorts have 1.55 day(s) to cover.

The consensus price target of analysts on Wall Street is $6.33, which implies an increase of 33.02% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.00 and $8.00 respectively. As a result, TTI is trading at a discount of -88.68% off the target high and -17.92% off the low.

TETRA Technologies Inc. (TTI) estimates and forecasts

Statistics show that TETRA Technologies Inc. has outperformed its competitors in share price, compared to the industry in which it operates. TETRA Technologies Inc. (TTI) shares have gone up 64.34% during the last six months, with a year-to-date growth rate more than the industry average at 600.00% against 19.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 350.00% this quarter and then jump 400.00% in the quarter after that. In the rating firms’ projections, revenue will increase 37.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $135 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $130.97 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $102.33 million and $105.2 million respectively. In this case, analysts expect current quarter sales to grow by 31.90% and then jump by 24.50% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 39.70%. While earnings are projected to return -181.00% in 2022, the next five years will return 29.00% per annum.

TTI Dividends

TETRA Technologies Inc. is due to release its next quarterly earnings between August 01 and August 05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

TETRA Technologies Inc. (NYSE:TTI)’s Major holders

TETRA Technologies Inc. insiders own 10.14% of total outstanding shares while institutional holders control 61.96%, with the float percentage being 68.95%. Blackrock Inc. is the largest shareholder of the company, while 181 institutions own stock in it. As of Mar 30, 2022, the company held over 9.55 million shares (or 7.48% of all shares), a total value of $39.25 million in shares.

The next largest institutional holding, with 7.65 million shares, is of Fuller & Thaler Asset Management Inc.’s that is approximately 5.99% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $31.43 million.

Also, the Mutual Funds coming in first place with the largest holdings of TETRA Technologies Inc. (TTI) shares are Undiscovered Managers Behavioral Value Fund and Vanguard Total Stock Market Index Fund. Data provided on Mar 30, 2022 indicates that Undiscovered Managers Behavioral Value Fund owns about 6.25 million shares. This amounts to just over 4.90 percent of the company’s overall shares, with a $25.7 million market value. The same data shows that the other fund manager holds slightly less at 3.41 million, or about 2.67% of the stock, which is worth about $14.0 million.

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