Within its last year performance, NR rose by 87.00%, with highs and lows ranging from $7.62 to $3.40, whereas the simple moving average jumped by 20.41% in the last 200 days.
On March 08, 2024, ROTH MKM started tracking Newpark Resources, Inc. (NYSE: NR) recommending Buy. A report published by H.C. Wainwright on December 05, 2023, Initiated its previous ‘Buy’ rating for NR. Craig Hallum also rated NR shares as ‘Buy’, setting a target price of $11 on the company’s shares in an initiating report dated October 25, 2023. Evercore ISI March 09, 2020d its ‘Outperform’ rating to ‘In-line’ for NR, as published in its report on March 09, 2020. SunTrust 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 -25.47%, showing a negative trend in the upcoming months.
Newpark Resources, Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 3.46% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.59, 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 be an extremely valuable indicator of volatility, and NR is registering an average volume of 723.68K. On a monthly basis, the volatility of the stock is set at 3.63%, whereas on a weekly basis, it is put at 2.87%, with a gain of 5.50% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.33, showing growth from the present price of $7.48, 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?
A giant in the Oil & Gas Equipment & Services market, Newpark Resources, Inc. (NR) is 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 45.89, there is a growth in quarterly earnings of -105.82%.
Besides checking the fundamentals, you should also know 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 11.95%. 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 81.30% 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 81.30% at present.
