The stock of Newpark Resources, Inc. (NR) has seen a 6.06% increase in the past week, with a -2.26% drop in the past month, and a 21.29% flourish in the past quarter. The volatility ratio for the week is 5.10%, and the volatility levels for the past 30 days are at 3.38% for NR. The simple moving average for the past 20 days is 0.80% for NR’s stock, with a 11.10% simple moving average for the past 200 days.
Is It Worth Investing in Newpark Resources, Inc. (NYSE: NR) Right Now?
Newpark Resources, Inc. (NYSE: NR) has a price-to-earnings ratio of 39.82x that is above its average ratio. Additionally, the 36-month beta value for NR is 2.84. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for NR is 76.60M and currently, short sellers hold a 1.15% ratio of that float. The average trading volume of NR on May 09, 2024 was 598.69K shares.
NR) stock’s latest price update
Newpark Resources, Inc. (NYSE: NR) has experienced a decline in its stock price by -0.27 compared to its previous closing price of 7.37. However, the company has seen a gain of 6.06% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Newpark (NR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Analysts’ Opinion of NR
Many brokerage firms have already submitted their reports for NR stocks, with B. Riley Securities repeating the rating for NR by listing it as a “Buy.” The predicted price for NR in the upcoming period, according to B. Riley Securities is $10 based on the research report published on April 09, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see NR reach a price target of $10. The rating they have provided for NR stocks is “Buy” according to the report published on March 08th, 2024.
H.C. Wainwright gave a rating of “Buy” to NR, setting the target price at $12 in the report published on December 05th of the previous year.
NR Trading at 2.52% from the 50-Day Moving Average
After a stumble in the market that brought NR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.25% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 5.10%, as shares sank -3.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.49% upper at present.
During the last 5 trading sessions, NR rose by +6.06%, which changed the moving average for the period of 200-days by +34.12% in comparison to the 20-day moving average, which settled at $7.28. In addition, Newpark Resources, Inc. saw 10.69% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NR starting from Meer Claudia Michel, who purchase 1,300 shares at the price of $5.57 back on Aug 21 ’23. After this action, Meer Claudia Michel now owns 82,930 shares of Newpark Resources, Inc., valued at $7,241 using the latest closing price.
Meer Claudia Michel, the Director of Newpark Resources, Inc., purchase 8,000 shares at $5.27 during a trade that took place back on Aug 16 ’23, which means that Meer Claudia Michel is holding 81,630 shares at $42,180 based on the most recent closing price.
Stock Fundamentals for NR
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.18 for the gross margin
The net margin for Newpark Resources, Inc. stands at 0.02. The total capital return value is set at 0.04. Equity return is now at value 3.86, with 2.44 for asset returns.
Based on Newpark Resources, Inc. (NR), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 1.08. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 2.41.
Currently, EBITDA for the company is 71.36 million with net debt to EBITDA at 1.08. When we switch over and look at the enterprise to sales, we see a ratio of 0.91. The receivables turnover for the company is 4.45for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.
Conclusion
In conclusion, Newpark Resources, Inc. (NR) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
