The outlook and analysis of Select Water Solutions Inc (WTTR)’s stock

Select Water Solutions Inc [WTTR] stock prices are up 3.95% to $13.96 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WTTR shares have gain 2.35% over the last week, with a monthly amount glided 27.84%, 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 August 22, 2024, when Northland Capital upgraded its rating to a Outperform but kept the price target unchanged to $14.50 for it. Previously, Citigroup upgraded its rating to Buy on May 09, 2024, and kept the price target unchanged to $13. On April 22, 2024, Northland Capital initiated with a Market Perform rating and assigned a price target of $11.50 on the stock. Raymond James started tracking the stock assigning a Strong Buy rating and suggested a price target of $12 on March 23, 2023. Seaport Global Securities initiated its recommendation with a Buy and recommended $8 as its price target on July 15, 2021. JP Morgan downgraded its rating to Underweight for this stock on October 02, 2020. In a note dated March 13, 2020, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $8.50 to $4.

The stock price of Select Water Solutions Inc [WTTR] has been fluctuating between $6.99 and $14.48 over the past year. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. Select Water Solutions Inc [NYSE: WTTR] shares were valued at $13.96 at the most recent close of the market. An investor can expect a potential return of 3.87% based on the average WTTR price forecast.

Analyzing the WTTR fundamentals

The Select Water Solutions Inc [NYSE:WTTR] reported sales of 1.48B for trailing twelve months, representing a drop of -4.60%. 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 0.04, Equity is 0.08 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.

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 13.68 points at the first support level, and at 13.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.13, and for the 2nd resistance point, it is at 14.31.

Ratios To Look Out For

It’s worth pointing out that Select Water Solutions Inc [NYSE:WTTR]’s Current Ratio is 1.78. As well, the Quick Ratio is 1.62, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 1.80 and price to earnings (TTM) ratio is 23.79.

Transactions by insiders

Recent insider trading involved Schmitz John, President/CEO, that happened on Nov 11 ’24 when 0.23 million shares were sold. President/CEO, Schmitz John completed a deal on Nov 08 ’24 to sell 75000.0 shares. Meanwhile, Affiliate B-29 Investments, LP bought 0.3 million shares on Nov 08 ’24.

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