As of Wednesday, Newpark Resources Inc.’s (NYSE:NR) stock closed at $4.00, down from $4.13 the previous day. While Newpark Resources Inc. has underperformed by -3.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NR rose by 37.93%, with highs and lows ranging from $4.81 to $2.38, whereas the simple moving average jumped by 14.87% in the last 200 days.
Do You Own These 7 Inflation-Survival Stocks?
Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.
Click here to get your free copy of the report
On March 17, 2020, CapitalOne Downgraded Newpark Resources Inc. (NYSE: NR) to Equal Weight. A report published by Evercore ISI on March 09, 2020, Downgraded its rating to ‘In-line’ for NR. Cowen January 19, 2017d its ‘Outperform’ rating to ‘Market Perform’ for NR, as published in its report on January 19, 2017. CapitalOne also rated the stock as ‘Overweight’.
Analysis of Newpark Resources Inc. (NR)
Further, the quarter-over-quarter increase in sales is 44.90%, showing a positive 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 -7.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.80, 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 478.08K average volume. On a monthly basis, the volatility of the stock is set at 5.56%, whereas on a weekly basis, it is put at 5.55%, with a loss of -2.20% over the past seven days.
How Do You Analyze Newpark Resources Inc. Shares?
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 2.70%. 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 70.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in NR shares?
The recent increase in stakes in NR appears to be a result of several institutional investors and hedge funds increasing their positions. Threadneedle Asset Management Ltd’s position in NR has decreased by -3.21% in the first quarter. The company now owns 10,394,807 shares of the stock, with a value of $38.04 million, following the sale of -344,840 additional shares during the last quarter. Adage Capital Management LP made another increased to its shares in NR during the first quarter, upping its stake by 38.12%. During the last quarter, the company dropped down 1,700,000 additional shares for a total stake of worth $22.54 million, bringing number of shares owned by the company to 6,159,137.
During the first quarter, BlackRock Fund Advisors subtracted a -120,431 position in NR. Dimensional Fund Advisors LP sold an additional -0.19 million shares in the last quarter, decreasing its holdings by -4.24%, now holding 4.39 million shares worth $16.08 million. At the end of the first quarter, The Vanguard Group, Inc. decreased its NR holdings by -1.81% and now holds 4.17 million NR shares valued at $15.26 million with the lessened 76888.0 shares during the period. NR shares are owned by institutional investors to the tune of 70.50% at present.