ERII Stock Summary and Trading Ideas (Energy Recovery | NASDAQ:ERII)

Energy Recovery Inc is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing and supplying solutions that make industrial processes more efficient and sustainable. The company operates in three segments, Water, Emerging Technologies and Corporate. It offers energy recovery devices (ERDs) and pumps as well as related products and services to the global reverse osmosis desalination market. The company derives a majority of the revenue from the Water segment. Geographically, the company operates in the U.S. and other international countries.

Energy Recovery trades on the NASDAQ stock market under the symbol ERII.

As of April 19, 2024, ERII stock price climbed to $13.71 with 337,208 million shares trading.

ERII has a beta of 2.21, meaning it tends to be more sensitive to market movements. ERII has a correlation of 0.31 to the broad based SPY ETF.

ERII has a market cap of $782.55 million. This is considered a Small Cap stock.

Last quarter Energy Recovery reported $57 million in Revenue and $.39 earnings per share. This fell short of revenue expectation by $-6 million and exceeded earnings estimates by $.01.

In the last 3 years, ERII stock traded as high as $30.76 and as low as $13.41.

The top ETF exchange traded funds that ERII belongs to (by Net Assets): VTI, IWM, VXF, PHO, IWO.

ERII has underperformed the market in the last year with a price return of -42.4% while the SPY ETF gained +21.2%. ERII has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.6% and -11.6%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

ERII support price is $13.25 and resistance is $14.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERII stock will trade within this expected range on the day.