In the last trading session, 1.03 million shares of the Tetra Technologies, Inc (NYSE:TTI) were traded, and its beta was 2.11. Most recently the company’s share price was $3.92, and it changed around $0.18 or 4.81% from the last close, which brings the market valuation of the company to $501.93M. TTI currently trades at a discount to its 52-week high of $5.08, offering almost -29.59% off that amount. The share price’s 52-week low was $2.68, which indicates that the current value has risen by an impressive 31.63% since then. We note from Tetra Technologies, Inc’s average daily trading volume that its 10-day average is 1.14 million shares, with the 3-month average coming to 1.37 million.
Tetra Technologies, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended TTI as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Tetra Technologies, Inc is expected to report earnings per share of 0.02 for the current quarter.
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Tetra Technologies, Inc (NYSE:TTI) trade information
Instantly TTI has showed a green trend with a performance of 4.81% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.02 on recent trading dayincreased the stock’s daily price by 2.49%. The company’s shares are currently down -13.27% year-to-date, but still up 1.55% over the last five days. On the other hand, Tetra Technologies, Inc (NYSE:TTI) is 15.98% up in the 30-day period. We can see from the shorts that 3.43 million shares have been sold at a short interest cover period of 2.25 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 51.0% from its current value. Analyst projections state that TTI is forecast to be at a low of $8 and a high of $8.
Tetra Technologies, Inc (TTI) estimates and forecasts
Tetra Technologies, Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -4.62 percent over the past six months and at a -42.31% annual growth rate that is well below the industry average of -8.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -22.23% in revenue this quarter, and will report an increase of 70.00% in the next quarter. The year-over-year growth rate is expected to be -2.53%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 141.59M in revenue for the current quarter. 3 analysts expect Tetra Technologies, Inc to make 162.46M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 153.13M and 150.97M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -7.54%. Forecasts for the next quarter put sales growth at 7.61%.
Tetra Technologies, Inc earnings are expected to increase by -32.69% in 2024, but the outlook is positive 29.00% per year for the next five years.
TTI Dividends
Tetra Technologies, Inc’s next quarterly earnings report is expected to be released in December.
Tetra Technologies, Inc (NYSE:TTI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.06% of Tetra Technologies, Inc shares, and 71.23% of them are in the hands of institutional investors. The stock currently has a share float of 75.03%. Tetra Technologies, Inc stock is held by 244.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.8874% of the shares, which is about 10.29 million shares worth $35.6 million.
VANGUARD GROUP INC, with 6.2677% or 8.18 million shares worth $28.29 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
