A share price of Tetra Technologies, Inc. [TTI] is currently trading at $4.13, up 4.03%. An important factor to consider is whether the stock is rising or falling in short-term value. The TTI shares have gain 4.82% over the last week, with a monthly amount glided 4.82%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tetra Technologies, Inc. [NYSE: TTI] stock has seen the most recent analyst activity on September 28, 2023, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $8. Previously, Johnson Rice upgraded its rating to Buy on June 24, 2022, and kept the price target unchanged to $7. On February 03, 2021, upgrade upgraded it’s rating to Buy but maintained its price target of $3 on the stock. Evercore ISI upgraded its rating to a Outperform but stick to its price target of $3 on February 02, 2021. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $1 on March 13, 2020. B. Riley FBR downgraded its rating to Neutral for this stock on March 11, 2020, and downed its price target to $1.25. In a note dated March 10, 2020, Stifel downgraded an Hold rating on this stock and revised its target price from $2 to $1.
Tetra Technologies, Inc. experienced fluctuations in its stock price throughout the past year between $2.43 and $6.77. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Tetra Technologies, Inc. [NYSE: TTI] shares were valued at $4.13 at the most recent close of the market. An investor can expect a potential return of 93.7% based on the average TTI price forecast.
Analyzing the TTI fundamentals
Trailing Twelve Months sales for Tetra Technologies, Inc. [NYSE:TTI] were 626.26M which represents 3.85% growth. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.19 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.94 points at the first support level, and at 3.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.23, and for the 2nd resistance point, it is at 4.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tetra Technologies, Inc. [NYSE:TTI] is 2.24. On the other hand, the Quick Ratio is 1.47, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 3.62 and price to earnings (TTM) ratio is 20.88.
Transactions by insiders
Recent insider trading involved BATES THOMAS R JR, Director, that happened on Aug 02 ’23 when 12000.0 shares were sold.
