Newpark Resources, Inc. (NYSE: NR)’s stock price has decreased by -0.73 compared to its previous closing price of 6.86. However, the company has seen a -9.20% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-09-16 that MEUDON, France–(BUSINESS WIRE)– #ThalesIDWallet–On September 16th, Thales celebrates the International Identity Day (ID Day), a symbolic day to highlight the United Nations’ Sustainable Development Goal 16.9 to provide a legal identity for all. ID Day is dedicated to raising awareness about the importance of legal identity as a fundamental human right and a key enabler of inclusive social and economic development. Thales supports global efforts to guarantee every individual has access to a secure and trusted.
Is It Worth Investing in Newpark Resources, Inc. (NYSE: NR) Right Now?
Newpark Resources, Inc. (NYSE: NR) has a price-to-earnings ratio of 26.51x that is above its average ratio. Additionally, the 36-month beta value for NR is 2.87. 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.”
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The public float for NR is 77.85M and currently, short sellers hold a 1.61% ratio of that float. The average trading volume of NR on September 27, 2024 was 662.21K shares.
NR’s Market Performance
NR stock saw a decrease of -9.20% in the past week, with a monthly decline of -17.75% and a quarterly a decrease of -15.82%. The volatility ratio for the week is 3.95%, and the volatility levels for the last 30 days are 3.55% for Newpark Resources, Inc. (NR). The simple moving average for the last 20 days is -8.80% for NR stock, with a simple moving average of -6.67% for the last 200 days.
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 -11.92% 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 -21.27% of loss for the given period.
Volatility was left at 3.55%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares sank -17.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.61% lower at present.
During the last 5 trading sessions, NR fell by -9.20%, which changed the moving average for the period of 200-days by -1.45% in comparison to the 20-day moving average, which settled at $7.40. In addition, Newpark Resources, Inc. saw 2.56% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NR
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.2 for the gross margin
The net margin for Newpark Resources, Inc. stands at 0.03. The total capital return value is set at 0.07. Equity return is now at value 5.36, with 3.49 for asset returns.
Based on Newpark Resources, Inc. (NR), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 1.77. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 4.62.
Currently, EBITDA for the company is 71.36 million with net debt to EBITDA at 0.64. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 4.5for trailing twelve months and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.61.
Conclusion
In conclusion, Newpark Resources, Inc. (NR) has seen mixed 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
