The price of Newpark Resources, Inc. (NYSE: NR) closed at $7.66 in the last session, up 0.52% from day before closing price of $7.62. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 525976 shares were traded. NR stock price reached its highest trading level at $7.71 during the session, while it also had its lowest trading level at $7.53.
Ratios:
We take a closer look at NR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.59 and its Current Ratio is at 2.62. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on April 09, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
On March 08, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $10.
On December 05, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $12.H.C. Wainwright initiated its Buy rating on December 05, 2023, with a $12 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 21 ’23 when Meer Claudia Michel bought 1,300 shares for $5.57 per share. The transaction valued at 7,241 led to the insider holds 82,930 shares of the business.
Meer Claudia Michel bought 8,000 shares of NR for $42,180 on Aug 16 ’23. The Director now owns 81,630 shares after completing the transaction at $5.27 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NR now has a Market Capitalization of 652.64M and an Enterprise Value of 706.49M. As of this moment, Newpark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.99, and their Forward P/E ratio for the next fiscal year is 18.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 0.94 whereas that against EBITDA is 10.91.
Stock Price History:
Over the past 52 weeks, NR has reached a high of $7.80, while it has fallen to a 52-week low of $3.40. The 50-Day Moving Average of the stock is 6.79, while the 200-Day Moving Average is calculated to be 6.44.
Shares Statistics:
According to the various share statistics, NR traded on average about 674.85K shares per day over the past 3-months and 576.58k shares per day over the past 10 days. A total of 85.20M shares are outstanding, with a floating share count of 75.02M. Insiders hold about 11.95% of the company’s shares, while institutions hold 81.33% stake in the company. Shares short for NR as of Mar 28, 2024 were 656.86k with a Short Ratio of 0.97, compared to 1.13M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.77% and a Short% of Float of 0.80%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.04, while EPS last year was $0.03. The consensus estimate for the next quarter is $0.07, with high estimates of $0.09 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.36 and $0.26 for the fiscal current year, implying an average EPS of $0.31. EPS for the following year is $0.42, with 4 analysts recommending between $0.46 and $0.38.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for NR’s current fiscal year. The highest revenue estimate was $726.07M, while the lowest revenue estimate was $692M, resulting in an average revenue estimate of $716.52M. In the same quarter a year ago, actual revenue was $749.6M, down -4.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $755.76M in the next fiscal year. The high estimate is $768M and the low estimate is $744M. The average revenue growth estimate for next year is up 5.50% from the average revenue estimate for this year.
