At the time of writing, Tetra Technologies, Inc [TTI] stock is trading at $3.86, up 5.75%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TTI shares have gain 18.40% over the last week, with a monthly amount glided 11.88%, 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.
For the past year, the stock price of Tetra Technologies, Inc fluctuated between $2.68 and $5.08. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Tetra Technologies, Inc [NYSE: TTI] shares were valued at $3.86 at the most recent close of the market. An investor can expect a potential return of 107.25% based on the average TTI price forecast.
Analyzing the TTI fundamentals
According to Tetra Technologies, Inc [NYSE:TTI], the company’s sales were 617.73M for trailing twelve months, which represents an -6.45% plunge. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.2.
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 3.69 points at the first support level, and at 3.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.95, and for the 2nd resistance point, it is at 4.04.
Ratios To Look Out For
It is important to note that Tetra Technologies, Inc [NYSE:TTI] has a current ratio of 2.33. In addition, the Quick Ratio stands at 1.51 and the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 3.25 and price to earnings (TTM) ratio is 319.01.
