At the time of writing, Select Water Solutions Inc [WTTR] stock is trading at $9.49, up 2.37%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WTTR shares have gain 4.86% over the last week, with a monthly amount glided 0.85%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Select Water Solutions Inc [NYSE: WTTR] stock has seen the most recent analyst activity on May 09, 2024, when Citigroup upgraded its rating to a Buy but kept the price target unchanged to $13 for it. Previously, Northland Capital started tracking the stock with Market Perform rating on April 22, 2024, and set its price target to $11.50. On March 23, 2023, Raymond James initiated with a Strong Buy rating and assigned a price target of $12 on the stock. Seaport Global Securities started tracking the stock assigning a Buy rating and suggested a price target of $8 on July 15, 2021. JP Morgan downgraded its rating to a Underweight. Piper Sandler downgraded its rating to Neutral for this stock on March 13, 2020, and downed its price target to $4. In a note dated March 09, 2020, Citigroup downgraded an Neutral rating on this stock.
For the past year, the stock price of Select Water Solutions Inc fluctuated between $6.78 and $9.74. Select Water Solutions Inc [NYSE: WTTR] shares were valued at $9.49 at the most recent close of the market.
Analyzing the WTTR fundamentals
According to Select Water Solutions Inc [NYSE:WTTR], the company’s sales were 1.54B for trailing twelve months, which represents an -12.01% plunge. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.01%, 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 0.09 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 9.34 points at the first support level, and at 9.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.70, and for the 2nd resistance point, it is at 9.91.
Select Water Solutions Inc [WTTR] reported earnings per share of $0.04 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of -$0.03 and a surprise factor of -42.90%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.27 per share as compared to estimates of $0.15 per share, a difference of $0.12 representing a surprise of 80.00%.
Ratios To Look Out For
It is important to note that Select Water Solutions Inc [NYSE:WTTR] has a current ratio of 1.94. Also, the Quick Ratio is 1.76, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 1.27 and price to earnings (TTM) ratio is 14.76.
Transactions by insiders
Recent insider trading involved Szymanski Brian, Chief Accounting Officer, that happened on Mar 06 ’24 when 8080.0 shares were sold. CFO & Senior VP, Swyka Nick L completed a deal on Feb 28 ’24 to sell 9009.0 shares. Meanwhile, SVP IR Corp Dev Sustainability George Christopher Kile sold 23000.0 shares on Feb 27 ’24.
