Tetra Technologies, Inc. (TTI) Reports -38.39% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Tetra Technologies, Inc. (NYSE:TTI) does about 1.46M shares in volume on a normal day but saw 1206212 shares change hands in Tuesday’s trading. The company now has a market cap of 546.85M USD. Its current market price is $4.17, marking an increase of 3.99% compared to the previous close of $4.01. The 52 week high reached by this stock is $6.77 whilst the lowest price level in 52 weeks is $2.56.

Tetra Technologies, Inc. (TTI) has a 20-day trading average at $4.19 and the current price is -38.39% off the 52-week high compared with 62.89% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.33 and its 200-day simple moving average is $4.80. If we look at the stock’s price movements over the week, volatility stands at 4.13%, which increases to 4.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.61 to suggest the stock is neutral.

The consensus objective for the share price is $7.42, suggesting that the stock has a potential upside of 43.8% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 28, 2023 when The Benchmark Company initiated the stock to “Buy” and issued a price target of $8. Johnson Rice upgraded the stock to “Buy” from Hold on June 24, 2022 at a price target of $7. Stifel upgraded its price target at $3.

Tetra Technologies, Inc. (TTI) stock is up 7.20% over the week and -6.50% over the past month. Its price is -7.74% year-to-date and 52.19% over the past year.

To reach the target analysts have set, the stock logically needs to grow 43.8 percent from here.

The company has a return on investment of 5.84% and return on equity of 15.38%. The price to earnings ratio (P/E ratio) amounts to 26.36 while the forward price to earnings ratio is 9.07. The beta has a value of 2.08. Price to book ratio is 3.71 and price to sales ratio is 0.87.