A share price of Energy Recovery Inc [ERII] is currently trading at $19.60, up 2.83%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ERII shares have gain 9.74% over the last week, with a monthly amount glided 5.21%, and 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 July 09, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $21 for it. Previously, B. Riley Securities started tracking the stock with Buy rating on November 17, 2022, and set its price target to $28. On November 08, 2022, upgrade upgraded it’s rating to Outperform but maintained its price target of $23 on the stock. Raymond James downgraded its rating to a Mkt Perform. Evercore ISI upgraded its rating to a Outperform. B. Riley FBR downgraded its rating to Neutral for this stock on June 30, 2020, but kept the price target unchanged to $9.50. In a note dated March 09, 2020, Evercore ISI downgraded an In-line rating on this stock.
Energy Recovery Inc experienced fluctuations in its stock price throughout the past year between $12.26 and $19.94. Energy Recovery Inc [NASDAQ: ERII] shares were valued at $19.60 at the most recent close of the market.
Analyzing the ERII fundamentals
Trailing Twelve Months sales for Energy Recovery Inc [NASDAQ:ERII] were 135.06M which represents 4.18% growth. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.09 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 19.08 points at the first support level, and at 18.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.03, and for the 2nd resistance point, it is at 20.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Energy Recovery Inc [NASDAQ:ERII] is 10.06. Further, the Quick Ratio stands at 8.29, while the Cash Ratio is 3.35. Considering the valuation of this stock, the price to sales ratio is 8.40, the price to book ratio is 4.85 and price to earnings (TTM) ratio is 58.84.
Transactions by insiders
Recent insider trading involved Ghasripoor Farshad, Chief Technology Officer, that happened on Oct 28 ’24 when 10526.0 shares were sold. SVP, Water, Clemente Rodney completed a deal on Oct 28 ’24 to sell 6505.0 shares. Meanwhile, President and CEO Moon David W sold 2550.0 shares on Oct 28 ’24.
