While Newpark Resources, Inc. has underperformed by -0.27%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NR rose by 84.77%, with highs and lows ranging from $7.84 to $3.40, whereas the simple moving average jumped by 12.33% 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’.
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 determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and NR has an average volume of 640.24K. On a monthly basis, the volatility of the stock is set at 2.85%, whereas on a weekly basis, it is put at 3.17%, with a loss of -4.96% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.00, showing growth from the present price of $7.28, 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?
Oil & Gas Equipment & Services giant Newpark Resources, Inc. (NR) is based in the USA and is one of the largest companies in the market. 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 44.66, there is a growth in quarterly earnings of -105.82%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 81.39% 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 81.39% at present.
