What Does MACD Oscillator Analysis predict about Energy Recovery, Inc. (NASDAQ:ERII)?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Energy Recovery, Inc. (NASDAQ:ERII) for the period of 9-Day stands at 58.73% while the stochastic %D for the same period stands at 53.68%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Energy Recovery, Inc. (NASDAQ:ERII) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Energy Recovery, Inc. (NASDAQ:ERII) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Energy Recovery, Inc. (NASDAQ:ERII)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Based in San Leandro, California, ENERGY RECOVERY, INC. is a leading global developer and manufacturer of highly efficient energy recovery devices utilized in the water desalination industry. Energy Recovery, Inc. operates primarily in the sea water reverse osmosis segment of the desalination industry.ERI manufactures ultra-high efficiency recovery products and technology, specifically the ERI PX Pressure Exchanger, that are among the enabling technologies driving the rapid growth in seawater reverse osmosis desalination, and are helping to make desalination affordable worldwide.

Previous Day Activity Analysis

On the last trading day, Energy Recovery, Inc. (NASDAQ:ERII) opened the session at $8.42 and after going up 1.1% closed at $8.3. The stock lost -0.12 points in the last trade.

Energy Recovery, Inc. (NASDAQ:ERII)’s stock fluctuated in the range of $8.20 and $8.82 during the previous active session. Energy Recovery, Inc. (NASDAQ:ERII) traded with the volume of 669223 with average volume of 413.92 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 5.66 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.37 and 68.46 respectively.

Currently the Insider Ownership of the shares of Energy Recovery, Inc. (NASDAQ:ERII) is at 2.6% and the shares outstanding are 52.6 Million.

Important Ratio Analysis

Some important ratios to consider here for Energy Recovery, Inc. (NASDAQ:ERII) are discussed below:

Dividend yield of Energy Recovery, Inc. (NASDAQ:ERII) stands at 0% whereas Price to Earnings P/E ratio stands at 436.84 while Forward P/E shows the value of 29.43.

The PEG ratio (Price to Earning to Growth) emits the value of 21.84. The Price to Sale P/S and Price to Book P/B shows the value of 7.81 and 6.8 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 4.81 and 0 correspondingly.

The Quick Ratio of Energy Recovery, Inc. (NASDAQ:ERII) stands at 6.7 while the Current Ratio depicts the value of 7.4.

Return on Assets ROA of Energy Recovery, Inc. (NASDAQ:ERII) is at 1.1% whereas, Return on Equity ROE and Return of Investment ROI of Energy Recovery, Inc. (NASDAQ:ERII) stand at 2.4% and 1.1% respectively.

Stock Performance Analysis

The stock performance of Energy Recovery, Inc. (NASDAQ:ERII) on the basis of 5 day trade show the jump of 6.96% whereas, the monthly performance of the stock shows increase of 16.41%.

The quarterly performance of the stock remained in green zone with the value of 5.06% while six month performance of the shares of Energy Recovery, Inc. (NASDAQ:ERII) remained bullish with the count of 3.11%.

The yearly and YTD performance of Energy Recovery, Inc. (NASDAQ:ERII) remained down at -38.97% and -19.81% respectively.