While Newpark Resources, Inc. has overperformed by 0.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NR rose by 2.28%, with highs and lows ranging from $8.65 to $5.61, whereas the simple moving average fell by -1.88% in the last 200 days.
On April 09, 2024, B. Riley Securities started tracking Newpark Resources, Inc. (NYSE: NR) recommending Buy. A report published by ROTH MKM on March 08, 2024, Initiated its previous ‘Buy’ rating for NR. H.C. Wainwright also rated NR shares as ‘Buy’, setting a target price of $12 on the company’s shares in an initiating report dated December 05, 2023. Craig Hallum Initiated an Buy rating on October 25, 2023, and assigned a price target of $11. CapitalOne March 17, 2020d its ‘Overweight’ rating to ‘Equal Weight’ for NR, as published in its report on March 17, 2020. Johnson Rice also rated the stock as ‘Buy’.
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Analysis of Newpark Resources, Inc. (NR)
Further, the quarter-over-quarter decrease in sales is -2.32%, showing a negative trend in the upcoming months.
One of the most important indicators of Newpark Resources, Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 5.36% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.61, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and NR is recording 671.63K average volume. On a monthly basis, the volatility of the stock is set at 3.03%, whereas on a weekly basis, it is put at 2.47%, with a gain of 1.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.25, showing growth from the present price of $7.17, which can serve as yet another indication of whether NR is worth investing in or should be passed over.
How Do You Analyze Newpark Resources, Inc. Shares?
The Oil & Gas Equipment & Services market is dominated by Newpark Resources, Inc. (NR) based in the USA. When comparing Newpark Resources, Inc. shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 27.91, there is a growth in quarterly earnings of 370.77%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.96%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.55% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NR shares are owned by institutional investors to the tune of 83.55% at present.
