Quarterly Metrics: Quick and Current Ratios for Newpark Resources, Inc. (NR)

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As of close of business last night, Newpark Resources, Inc.’s stock clocked out at $7.65, up 4.08% from its previous closing price of $7.35. In other words, the price has increased by $4.08 from its previous closing price. On the day, 0.63 million shares were traded. NR stock price reached its highest trading level at $7.66 during the session, while it also had its lowest trading level at $7.375.

Ratios:

To gain a deeper understanding of NR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.06. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 and its Current Ratio is at 2.79. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.19.

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:

Investing in insider trades can also provide an investor with insight into how management views future 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 651792256 and an Enterprise Value of 709014656. As of this moment, Newpark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.44, and their Forward P/E ratio for the next fiscal year is 18.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 0.987 whereas that against EBITDA is 9.996.

Stock Price History:

Over the past 52 weeks, NR has reached a high of $7.84, while it has fallen to a 52-week low of $3.40. The 50-Day Moving Average of the stock is 6.43%, while the 200-Day Moving Average is calculated to be 15.47%.

Shares Statistics:

It appears that NR traded 610.23K shares on average per day over the past three months and 586350 shares per day over the past ten days. A total of 85.20M shares are outstanding, with a floating share count of 76.60M. Insiders hold about 10.10% of the company’s shares, while institutions hold 81.83% stake in the company. Shares short for NR as of 1713139200 were 880556 with a Short Ratio of 1.44, compared to 1710460800 on 1204758. Therefore, it implies a Short% of Shares Outstanding of 880556 and a Short% of Float of 1.0699999999999998.

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