While National Energy Services Reunited Corp has underperformed by -2.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NESR fell by -25.43%, with highs and lows ranging from $10.30 to $5.20, whereas the simple moving average fell by -31.45% in the last 200 days.
On January 31, 2025, Barclays started tracking National Energy Services Reunited Corp (NASDAQ: NESR) recommending Overweight. A report published by The Benchmark Company on January 21, 2025, Initiated its previous ‘Buy’ rating for NESR. JP Morgan also rated NESR shares as ‘Overweight’, setting a target price of $13 on the company’s shares in an initiating report dated December 06, 2024. BTIG Research Initiated an Buy rating on October 25, 2024, and assigned a price target of $15.
Analysis of National Energy Services Reunited Corp (NESR)
Further, the quarter-over-quarter increase in sales is 33.21%, showing a positive trend in the upcoming months.
In order to gain a clear picture of National Energy Services Reunited Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.88, 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.
An average volume of 250.93K can be a very valuable indicator of volatility for NESR stock. On a monthly basis, the volatility of the stock is set at 7.44%, whereas on a weekly basis, it is put at 15.05%, with a loss of -14.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.00, showing growth from the present price of $6.04, which can serve as yet another indication of whether NESR is worth investing in or should be passed over.
How Do You Analyze National Energy Services Reunited Corp Shares?
In addition to the fundamentals, you should also consider how many employees own shares in 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 17.85%. 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 59.26% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NESR shares are owned by institutional investors to the tune of 59.26% at present.
