In the latest trading session, 0.42 million Tetra Technologies, Inc (NYSE:TTI) shares changed hands as the company’s beta touched 2.02. With the company’s most recent per share price at $4.54 changing hands around $0.03 or 0.67% at last look, the market valuation stands at $598.41M. TTI’s current price is a discount, trading about -11.89% off its 52-week high of $5.08. The share price had its 52-week low at $2.68, which suggests the last value was 40.97% up since then. When we look at Tetra Technologies, Inc’s average trading volume, we note the 10-day average is 1.11 million shares, with the 3-month average coming to 1.09 million.
Analysts gave the Tetra Technologies, Inc (TTI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended TTI as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Tetra Technologies, Inc’s EPS for the current quarter is expected to be 0.03.
Tetra Technologies, Inc (NYSE:TTI) trade information
Instantly TTI is in green as seen in intraday trades today. With action 17.31%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 26.82%, with the 5-day performance at 17.31% in the green. However, in the 30-day time frame, Tetra Technologies, Inc (NYSE:TTI) is 21.07% up. Looking at the short shares, we see there were 2.93 million shares sold at short interest cover period of 3.59 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 43.25% from its recent market value. According to analyst projections, TTI’s forecast low is 8 with 8 as the target high. To hit the forecast high, the stock’s price needs a -76.21% plunge from its current level, while the stock would need to soar -76.21% for it to hit the projected low.
Tetra Technologies, Inc (TTI) estimates and forecasts
Data shows that the Tetra Technologies, Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 20.74% over the past 6 months, a -42.31% in annual growth rate that is considerably lower than the industry average of -9.70%. Year-over-year growth is forecast to reach -3.77% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 138.2M. 3 analysts are of the opinion that Tetra Technologies, Inc’s revenue for the current quarter will be 161.4M. The company’s revenue for the corresponding quarters a year ago was 153.13M and 150.97M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -9.75%. The estimates for the next quarter sales put growth at 6.91%.
The 2025 estimates are for Tetra Technologies, Inc earnings to decrease by -32.69%.
TTI Dividends
Tetra Technologies, Inc is expected to release its next quarterly earnings report in February.
Tetra Technologies, Inc (NYSE:TTI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.06% of Tetra Technologies, Inc shares while 70.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.70%. There are 70.92% institutions holding the Tetra Technologies, Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.8874% of the shares, roughly 10.29 million TTI shares worth $35.6 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.2677% or 8.18 million shares worth $28.29 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Undiscovered Managers Behavioral Value Fund and Vanguard Total Stock Market Index Fund. With 6.27 shares estimated at $28.58 million under it, the former controlled 4.75% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.82% of the shares, roughly 3.72 shares worth around $16.96 million.
