Energy Recovery Inc [ERII] stock prices are up 3.04% to $13.90 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ERII shares have gain 6.60% over the last week, with a monthly amount drifted -3.41%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Energy Recovery Inc [NASDAQ: ERII] stock has seen the most recent analyst activity on November 17, 2022, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $28. Previously, Raymond James upgraded its rating to Outperform on November 08, 2022, and kept the price target unchanged to $23. On July 07, 2021, downgrade downgraded it’s rating to Mkt Perform. Evercore ISI upgraded its rating to a Outperform. B. Riley FBR downgraded its rating to a Neutral but $9.50 remained the price target by the analyst firm on June 30, 2020. Evercore ISI downgraded its rating to In-line for this stock on March 09, 2020. In a note dated October 24, 2019, Raymond James initiated an Outperform rating and provided a target price of $12 on this stock.
The stock price of Energy Recovery Inc [ERII] has been fluctuating between $12.45 and $30.76 over the past year. Energy Recovery Inc [NASDAQ: ERII] shares were valued at $13.90 at the most recent close of the market.
Analyzing the ERII fundamentals
The Energy Recovery Inc [NASDAQ:ERII] reported sales of 127.04M for trailing twelve months, representing a drop of -9.78%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.1 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
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 13.40 points at the first support level, and at 12.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.17, and for the 2nd resistance point, it is at 14.45.
Energy Recovery Inc [ERII] reported earnings per share of -$0.14 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 -$0.13/share, meaning a difference of -$0.01 and a surprise factor of -7.70%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.34 per share as compared to estimates of $0.38 per share, a difference of -$0.04 representing a surprise of -10.50%.
Ratios To Look Out For
It’s worth pointing out that Energy Recovery Inc [NASDAQ:ERII]’s Current Ratio is 10.41. As well, the Quick Ratio is 8.56, while the Cash Ratio is 4.13. Considering the valuation of this stock, the price to sales ratio is 6.27, the price to book ratio is 3.69 and price to earnings (TTM) ratio is 41.38.
Transactions by insiders
Recent insider trading involved Moon David W, President and CEO, that happened on May 07 ’24 when 10500.0 shares were purchased. Chief Financial Officer, Ballard Joshua completed a deal on Mar 11 ’24 to sell 979.0 shares. Meanwhile, Chief Legal Officer Yeung William sold 978.0 shares on Mar 11 ’24.
