Energy Recovery Inc. (ERII): Technical Analysis and analyst Ratings


Energy Recovery Inc. (NASDAQ:ERII) changes shares on Tuesday trading session, with a change of 1.19% or $0.09 shares. The trading starts at $7.63 and closed at $7.59 throughout the day. The trading session low price was $7.56 and day high was $7.72 on Tuesday, August 04. After the session, the Industrials sector daily volume shifted to 0.17 million while its average volume is 285.48K. In other hand, the ERII market cap reached to $443.21M. While, its current target price is $10.90.

On May 3, 2018, BRIEF-Energy Recovery Reports Q1 Loss Per Share Of $0.01. According to the news reported on Reuters, * ENERGY RECOVERY REPORTS FIRST QUARTER 2018 FINANCIAL RESULTS

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.90% and up 3.99% for month. Its quarterly performance was -2.17% below, while its half year performance is down -26.15%. ERII yearly performance stood at negative -22.58% and fall -21.55% for year-to-date. Current recommendation for Energy Recovery Inc. is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ERII EPS (TTM) for 12-month is 0.16. EPS for this year is -51.20%, while for the next year its value is 0.26. Sales growth for the current quarter is 2.43 while its EPS Q/Q reached -77.10%. It has an EPS of 20.50% up for past five years and for the next five years will be up 20.00%.

Let’s take a look on the analyst recommendations on ERII for the current month and previous month. For the current month, 1 of 4 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 5 analysts participate in stock recommendation. Out of 5, 0 rated it sell, 2 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $9.50 – $12.00. Average target price for ERII was reached at $10.88.

Trigran Investments Inc, Blackrock Inc. and Vanguard Group, Inc. (The) are the top three holders in Energy Recovery Inc. (ERII) stock. On Mar 30, 2020, Trigran Investments Inc has 5.18 million shares which valued 38.54 million. On Mar 30, 2020, Blackrock Inc. owned 2.83 million shares which valued at 21.08 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 1.93 million shares which valued at 14.37 million. In the end, Vanguard Group, Inc. (The) have 3.47% shares outstanding of Energy Recovery Inc. (ERII) on Mar 30, 2020. The insider ownership moved to 2.50% and institutional holding shifted to 51.90%.

The company posted an EPS (TTM) of 0.16. According to the most recent quarter report on (Sep 2020), 4 analysts estimated an average EPS of 0.06, while 0.07 EPS posted a year ago period. Analyst Estimated EPS for ERII published in the report was -$0.01 – $0.11 during the same period. Comparing with last year, the average estimated EPS was 0.07 which is lower than 0.33 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ERII fall -11.60% for period of 200 days. SMA for 50 days was -3.31% which is showing red signal, while SMA-20 was 2.36%. The moving average value for Energy Recovery Inc. (ERII) is 8.37 and 7.79 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ERII stock. On May 28, Hanstveit Arve, Director, sold 50,000 trading shares at the cost of $8.03, which valued at 0.4 million. On May 22, Clemente Rodney, SVP, Water, sold 463 shares at the cost of $7.76, with total shares of 47,483. On May 12, Lorentzen Ole Peter, Director, sold 1,500,000 shares at the cost of 7.52. After this transaction, Lorentzen Ole Peter total shares reached to 6,840,334 which valued at 11.28 million.