On Friday, Energy Recovery Inc (NASDAQ: ERII) opened higher 3.75% from the last session, before settling in for the closing price of $17.86. Price fluctuations for ERII have ranged from $12.26 to $19.94 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 12.79% annually for the last half of the decade. Company’s average yearly earnings per share was noted 7.21% at the time writing. With a float of $55.98 million, this company’s outstanding shares have now reached $56.88 million.
In an organization with 269 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 66.13%, operating margin of 10.9%, and the pretax margin is 15.39%.
Energy Recovery Inc (ERII) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Pollution & Treatment Controls industry is another important factor to consider. The insider ownership of Energy Recovery Inc is 3.31%, while institutional ownership is 88.44%. The most recent insider transaction that took place on Oct 28 ’24, was worth 189,121. In this transaction Chief Technology Officer of this company sold 10,526 shares at a rate of $17.97, taking the stock ownership to the 126,961 shares. Before that another transaction happened on Oct 28 ’24, when Company’s SVP, Water sold 6,505 for $17.98, making the entire transaction worth $116,947. This insider now owns 133,823 shares in total.
Energy Recovery Inc (ERII) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.34 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.38) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.21% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to -1.38% drop over the previous five years of trading.
Energy Recovery Inc (NASDAQ: ERII) Trading Performance Indicators
Check out the current performance indicators for Energy Recovery Inc (ERII). In the past quarter, the stock posted a quick ratio of 8.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.24. Likewise, its price to free cash flow for the trailing twelve months is 48.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.33, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 0.58 in one year’s time.
Technical Analysis of Energy Recovery Inc (ERII)
Let’s dig in a bit further. During the last 5-days, its volume was 0.42 million. That was better than the volume of 0.41 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 53.65%. Additionally, its Average True Range was 0.70.
During the past 100 days, Energy Recovery Inc’s (ERII) raw stochastic average was set at 91.53%, which indicates a significant increase from 80.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.21% in the past 14 days, which was lower than the 51.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.21, while its 200-day Moving Average is $15.34. However, in the short run, Energy Recovery Inc’s stock first resistance to watch stands at $19.16. Second resistance stands at $19.78. The third major resistance level sits at $20.47. If the price goes on to break the first support level at $17.85, it is likely to go to the next support level at $17.16. The third support level lies at $16.54 if the price breaches the second support level.
Energy Recovery Inc (NASDAQ: ERII) Key Stats
There are currently 57,894K shares outstanding in the company with a market cap of 1.11 billion. Presently, the company’s annual sales total 128,350 K according to its annual income of 21,500 K. Last quarter, the company’s sales amounted to 27,200 K and its income totaled -640 K.
