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An Analysis of Tetra Tech, Inc. (TTEK)’s Potential Price Growth

In a filing, Tetra Tech, Inc. revealed its EVP, CFO BURDICK STEVEN M unloaded Company’s shares for reported $1.72 million on Sep 11 ’24. In the deal valued at $46.57 per share,36,830 shares were sold. As a result of this transaction, BURDICK STEVEN M now holds 112,620 shares worth roughly $5.4 million.

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Then, Ritrievi Kimberly E sold 6,500 shares, generating $302,120 in total proceeds. Upon selling the shares at $46.48, the Director now owns 143,200 shares.

Before that, SHOEMAKER LESLIE L sold 78,420 shares. Tetra Tech, Inc. shares valued at $3,616,025 were divested by the EVP, Chief Sustainability at a price of $46.11 per share. As a result of the transaction, SHOEMAKER LESLIE L now holds 296,015 shares, worth roughly $14.19 million.

Maxim Group reiterated its Tetra Tech, Inc. [TTEK] rating to a Buy in a research note published on May 16, 2024; the price target was $268. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. KeyBanc Capital Markets began covering TTEK with “an Overweight” recommendation on January 10, 2024. William Blair started covering the stock on September 13, 2023. It rated TTEK as “an Outperform”.

Price Performance Review of TTEK

On Friday, Tetra Tech, Inc. [NASDAQ:TTEK] saw its stock fall -0.85% to $47.92. Over the last five days, the stock has lost -1.86%. Tetra Tech, Inc. shares have risen nearly 43.53% since the year began. Nevertheless, the stocks have risen 60.78% over the past one year. While a 52-week high of $50.03 was reached on 10/09/24, a 52-week low of $28.67 was recorded on 01/31/24. SMA at 50 days reached $47.35, while 200 days put it at $41.12.

Levels Of Support And Resistance For TTEK Stock

The 24-hour chart illustrates a support level at 47.47, which if violated will result in even more drops to 47.01. On the upside, there is a resistance level at 48.48. A further resistance level may holdings at 49.03. The Relative Strength Index (RSI) on the 14-day chart is 48.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.77%. Stochastics %K at 26.58% indicates the stock is a holding.

How much short interest is there in Tetra Tech, Inc.?

A steep rise in short interest was recorded in Tetra Tech, Inc. stocks on 2024-10-15, dropping by 41074.0 shares to a total of 3.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.44 million shares. There was a decline of -1.21%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on August 28, 2023 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $181 price target.

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