During the last session, Tetra Technologies, Inc. (NYSE:TTI)’s traded shares were 4.73 million, with the beta value of the company hitting 2.07. At the end of the trading day, the stock’s price was $3.62, reflecting an intraday gain of 22.71% or $0.67. The 52-week high for the TTI share is $5.65, that puts it down -56.08 from that peak though still a striking 25.97% gain since the share price plummeted to a 52-week low of $2.68. The company’s market capitalization is $477.15M, and the average intraday trading volume over the past 10 days was 1.63 million shares, and the average trade volume was 1.29 million shares over the past three months.
Tetra Technologies, Inc. (TTI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. TTI has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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 22.71% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 22.71% in intraday trading to $3.62, hitting a weekly high. The stock’s 5-day price performance is 22.30%, and it has moved by 14.20% in 30 days. Based on these gigs, the overall price performance for the year is -35.13%. The short interest in Tetra Technologies, Inc. (NYSE:TTI) is 3.18 million shares and it means that shorts have 2.21 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 54.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $8 respectively. As a result, TTI is trading at a discount of -120.99% off the target high and -120.99% off the low.
Tetra Technologies, Inc. (TTI) estimates and forecasts
Statistics show that Tetra Technologies, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Tetra Technologies, Inc. (TTI) shares have gone down -2.16% during the last six months, with a year-to-date growth rate less than the industry average at -30.77% against -9.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 66.70% this quarter and then jump 60.00% in the quarter after that. In the rating firms’ projections, revenue will increase 0.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 157.7M as predicted by 5 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 165.77M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 153.13M and 150.97M respectively. In this case, analysts expect current quarter sales to grow by 3.00% and then jump by 9.80% in the coming quarter.
While earnings are projected to return -30.77% in 2024, the next five years will return 29.00% per annum.
TTI Dividends
Tetra Technologies, Inc. is due to release its next quarterly earnings in November. 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 5.08% of total outstanding shares while institutional holders control 69.40%, with the float percentage being 73.11%. BLACKROCK INC. is the largest shareholder of the company, while 234.0 institutions own stock in it. As of 2024-06-30, the company held over 10.29 million shares (or 7.8874% of all shares), a total value of $35.6 million in shares.
The next largest institutional holding, with 8.18 million shares, is of VANGUARD GROUP INC’s that is approximately 6.2677% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $28.29 million.
