Alert: Negative Fundamental Signals (3/8/24)-TETRA Technologies Inc. (NYSE: TTI)

out_logo_500#17823.jpg

TETRA Technologies Inc. (NYSE: TTI) has recently experienced extremely important negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

out_mm#17823.jpg

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, TTI is expected to continue to be a major Value Builder.

TETRA Technologies has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. TETRA Technologies has a good Appreciation Score of 72 but a neutral Power Rating of 41, and the Neutral Value Trend Rating results.

Recent Price Action

TETRA Technologies Inc. (NYSE: TTI) stock increased 1.0% on 3/8/24. The shares closed at $3.97. Moreover, trading volume in this advance was above average at 148% of normal. The stock has performed in line with the market over the last nine months and has risen 1.8% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.


*