Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Energy Recovery Inc before investing.

In this article, we go over a few key elements for understanding Energy Recovery Inc’s stock price such as:

• Energy Recovery Inc’s current stock price and volume
• Why Energy Recovery Inc’s stock price changed recently
• Upgrades and downgrades for ERII from analysts
• ERII’s stock price momentum as measured by its relative strength

About Energy Recovery Inc (ERII)

Before we jump into Energy Recovery Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Energy Recovery, Inc. is engaged in energy efficiency technology. The Company designs and manufactures solutions that provide cost savings through improved energy efficiency in commercial and industrial processes, with applications across several industries. Its segments include Water and Emerging Technologies. The Water segment develops, sales and supports PX, hydraulic turbochargers and pumps used in seawater desalination and wastewater treatment activities. The Emerging Technologies segment develops, sales and supports activities related to emerging technologies, such as the PX G1300 used in industrial and commercial refrigeration applications. Its solutions are marketed, sold in, or developed for, the fluid-flow and gas markets, such as seawater and wastewater desalination, natural gas, chemical processing and CO2-based refrigeration systems, under the trademarks ERI, PX, Pressure Exchanger, PX Pressure Exchanger (PX), Ultra PX, PX G, PX G1300, PX PowerTrain, AT, and Aquabold.

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Energy Recovery Inc’s Stock Price as of Market Close

As of June 24, 2024, 4:00 PM, CST, Energy Recovery Inc’s stock price was $13.05.

Energy Recovery Inc is up 5.5% from its previous closing price of $12.37.

During the last market session, Energy Recovery Inc’s stock traded between $12.26 and $12.50. Currently, there are 57.10 million shares of Energy Recovery Inc stock available for purchase.

Energy Recovery Inc’s price-earnings (P/E) ratio is currently at 36.8, which is high compared to the Industrial Machinery & Equipment industry median of 25.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Energy Recovery Inc Stock Price History

Energy Recovery Inc’s (ERII) price is currently down 3.33% so far this month.

During the month of June, Energy Recovery Inc’s stock price has reached a high of $14.74 and a low of $12.26.

Over the last year, Energy Recovery Inc has hit prices as high as $30.76 and as low as $12.26. Year to date, Energy Recovery Inc’s stock is down 36.31%.

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What Caused Energy Recovery Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 21, 2024, there were 4 analysts who downgraded Energy Recovery Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Energy Recovery Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Energy Recovery Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Energy Recovery Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Energy Recovery Inc (ERII) by visiting AAII Stock Evaluator.

Relative Price Strength of Energy Recovery Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 21, 2024, Energy Recovery Inc has a weighted four-quarter relative price strength of -22.50%, which translates to a Momentum Score of 16 and is considered to be Very Weak.

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Energy Recovery Inc Stock Price: Bottom Line

As of June 24, 2024, Energy Recovery Inc’s stock price is $13.05, which is up 5.5% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Energy Recovery Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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