Tetra Technologies, Inc. [TTI] stock prices are up 5.34% to $4.93 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TTI shares have gain 11.29% over the last week, with a monthly amount glided 25.77%, and seem to be holding up well over a long-time horizon.
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On 21, March 2024, TETRA TECHNOLOGIES, INC. ANNOUNCES APPOINTMENT OF ANGELA D. JOHN TO ITS BOARD OF DIRECTORS. In a post published today on Yahoo Finance, TETRA Technologies, Inc. (“TETRA” or the “Company”) (NYSE: TTI) announced today that its Board of Directors has appointed Angela D. John as a member of the Board of Directors, effective March 20, 2024. With nearly 30 years of experience with BP and Williams, including senior executive business and strategy leadership roles, Ms. John brings great industry and energy transition experience to TETRA. Ms. John will serve as an independent director and a member of the Audit Committee and the Nominating, Governance and Sustainability Committee of the board, effective as of her appointment to the board. In addition, Gina A. Luna, a current member of our Board of Directors, will let her current term expire to enable her to focus on her other commitments. She will remain on the Board until the end of her term at the 2024 annual meeting of stockholders and, as such, Ms. Luna is not standing for election at the 2024 annual meeting. The Board of Directors and management of the Company sincerely thank Ms. Luna for her dedicated service over the past five years.
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.
The stock price of Tetra Technologies, Inc. [TTI] has been fluctuating between $2.56 and $6.77 over the past year. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Tetra Technologies, Inc. [NYSE: TTI] shares were valued at $4.93 at the most recent close of the market. An investor can expect a potential return of 62.27% based on the average TTI price forecast.
Analyzing the TTI fundamentals
The Tetra Technologies, Inc. [NYSE:TTI] reported sales of 626.26M for trailing twelve months, representing a surge of 3.85%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.13.
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 4.75 points at the first support level, and at 4.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.05, and for the 2nd resistance point, it is at 5.18.
Tetra Technologies, Inc. [TTI] reported earnings per share of $0.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.06/share, meaning a difference of -$0.03 and a surprise factor of -50.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.07 per share as compared to estimates of $0.09 per share, a difference of -$0.02 representing a surprise of -22.20%.
Ratios To Look Out For
It’s worth pointing out that Tetra Technologies, Inc. [NYSE:TTI]’s Current Ratio is 2.24. Also, the Quick Ratio is 1.47, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 4.32 and price to earnings (TTM) ratio is 24.92.
Transactions by insiders
Recent insider trading involved BATES THOMAS R JR, Director, that happened on Aug 02 ’23 when 12000.0 shares were sold.
