Tetra Technologies, Inc (NYSE:TTI) has a beta value of 2.11 and has seen 1.2 million shares traded in the last trading session. The company, currently valued at $461.33M, closed the last trade at $3.50 per share which meant it gained $0.24 on the day or 7.36% during that session. The TTI stock price is -45.14% off its 52-week high price of $5.08 and 23.43% above the 52-week low of $2.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.67 million shares traded. The 3-month trading volume is 1.35 million shares.
The consensus among analysts is that Tetra Technologies, Inc (TTI) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 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 0.04.
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Tetra Technologies, Inc (NYSE:TTI) trade information
Sporting 7.36% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TTI stock price touched $3.50 or saw a rise of 5.41%. Year-to-date, Tetra Technologies, Inc shares have moved -22.57%, while the 5-day performance has seen it change 18.64%. Over the past 30 days, the shares of Tetra Technologies, Inc (NYSE:TTI) have changed 0.00%. Short interest in the company has seen 3.18 million shares shorted with days to cover at 2.21.
Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 56.25% from current levels. The projected low price target is $8.0 while the price target rests at a high of $8.0. In that case, then, we find that the current price level is -128.57% off the targeted high while a plunge would see the stock gain -128.57% from current levels.
Tetra Technologies, Inc (TTI) estimates and forecasts
Figures show that Tetra Technologies, Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -10.03% over the past 6 months, with this year growth rate of -30.77%, compared to -11.60% for the industry. Revenue growth from the last financial year stood is estimated to be -2.00%.
5 analysts offering their estimates for the company have set an average revenue estimate of 146.58M for the current quarter. 4 have an estimated revenue figure of 158.6M for the next ending quarter. Year-ago sales stood 153.13M and 150.97M respectively for this quarter and the next, and analysts expect sales will shrink by -4.30% for the current quarter and -2.00% for the next.
Earnings growth for 2024 is a modest -32.69% while over the next 5 years, the company’s earnings are expected to increase by 29.00%.
TTI Dividends
Tetra Technologies, Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Tetra Technologies, Inc (NYSE:TTI)’s Major holders
Insiders own 5.06% of the company shares, while shares held by institutions stand at 69.21% with a share float percentage of 72.90%. Investors are also buoyed by the number of investors in a company, with Tetra Technologies, Inc having a total of 237.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 10.29 million shares worth more than $35.6 million. As of 2024-06-30, BLACKROCK INC. held 7.8874% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 8.18 million shares as of 2024-06-30. The firm’s total holdings are worth over $28.29 million and represent 6.2677% of shares outstanding.
