At the time of writing, Energy Recovery Inc [ERII] stock is trading at $15.05, up 2.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The ERII shares have lost -2.78% over the last week, with a monthly amount glided 5.02%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Energy Recovery Inc [NASDAQ: ERII] stock has seen the most recent analyst activity on December 05, 2024, when Seaport Research Partners initiated its Buy rating and assigned the stock a price target of $22. Previously, Raymond James upgraded its rating to Strong Buy on July 09, 2024, and kept the price target unchanged to $21. On November 17, 2022, B. Riley Securities initiated with a Buy rating and assigned a price target of $28 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $23 on November 08, 2022. Raymond James downgraded its rating to a Mkt Perform. Evercore ISI upgraded its rating to Outperform for this stock on January 04, 2021. In a note dated June 30, 2020, B. Riley FBR downgraded an Neutral rating on this stock but restated the target price of $9.50.
For the past year, the stock price of Energy Recovery Inc fluctuated between $12.26 and $20.27. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Energy Recovery Inc [NASDAQ: ERII] shares were valued at $15.05 at the most recent close of the market. An investor can expect a potential return of 46.18% based on the average ERII price forecast.
Analyzing the ERII fundamentals
According to Energy Recovery Inc [NASDAQ:ERII], the company’s sales were 144.95M for trailing twelve months, which represents an 17.29% jump. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, 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 of0.05.
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 14.53 points at the first support level, and at 14.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.80, and for the 2nd resistance point, it is at 16.55.
Ratios To Look Out For
It is important to note that Energy Recovery Inc [NASDAQ:ERII] has a current ratio of 7.41. On the other hand, the Quick Ratio is 6.28, and the Cash Ratio is 8.82. Considering the valuation of this stock, the price to sales ratio is 6.01, the price to book ratio is 3.93 and price to earnings (TTM) ratio is 37.65.
Transactions by insiders
Recent insider trading involved Clemente Rodney, SVP, Water, that happened on Feb 20 ’25 when 21444.0 shares were sold. Officer, Clemente Rodney completed a deal on Feb 20 ’25 to buy 21444.0 shares. Meanwhile, Director Hanstveit Arve sold 20000.0 shares on Dec 11 ’24.
