In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Newpark Resources, Inc. (NYSE: NR) closed at $7.28 down -0.27% from its previous closing price of $7.30. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 0.63 million shares were traded. NR stock price reached its highest trading level at $7.47 during the session, while it also had its lowest trading level at $7.28.
Ratios:
For a deeper understanding of Newpark Resources, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.76. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 620268352 and an Enterprise Value of 678870016. As of this moment, Newpark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.66, and their Forward P/E ratio for the next fiscal year is 17.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 1.49. Its current Enterprise Value per Revenue stands at 0.906 whereas that against EBITDA is 9.917.
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 5.65%, while the 200-Day Moving Average is calculated to be 12.33%.
Shares Statistics:
For the past three months, NR has traded an average of 640.24K shares per day and 515650 over the past ten 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 81.39% stake in the company. Shares short for NR as of 1711584000 were 656864 with a Short Ratio of 1.03, compared to 1709164800 on 1132603. Therefore, it implies a Short% of Shares Outstanding of 656864 and a Short% of Float of 0.8.
Earnings Estimates
The stock of Newpark Resources, Inc. (NR) is currently being evaluated by Nu Holdings Ltd. analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $3.02, with high estimates of $21.65 and low estimates of $55.57.
Analysts are recommending an EPS of between $Energy and $Consumer Defensive for the fiscal current year, implying an average EPS of $Healthcare.
