The stock of Newpark Resources, Inc (NR) has seen a -2.06% decrease in the past week, with a -5.82% drop in the past month, and a -4.87% decrease in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 2.48% for NR. The simple moving average for the past 20 days is -4.40% for NR’s stock, with a -9.51% simple moving average for the past 200 days.
Is It Worth Investing in Newpark Resources, Inc (NYSE: NR) Right Now?
The price-to-earnings ratio for Newpark Resources, Inc (NYSE: NR) is above average at 25.85x. The 36-month beta value for NR is also noteworthy at 2.88. 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 at present, short sellers hold a 2.06% of that float. The average trading volume of NR on November 01, 2024 was 660.58K shares.
NR) stock’s latest price update
The stock price of Newpark Resources, Inc (NYSE: NR) has dropped by -0.30 compared to previous close of 6.66. Despite this, the company has seen a fall of -2.06% in its stock price over the last five trading days. businesswire.com reported 2024-10-24 that THE WOODLANDS, Texas–(BUSINESS WIRE)–Newpark Resources Announces Third Quarter 2024 Results Conference Call and Webcast Date.
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 -8.21% 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 -23.24% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -5.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.82% lower at present.
During the last 5 trading sessions, NR fell by -1.25%, which changed the moving average for the period of 200-days by +10.84% in comparison to the 20-day moving average, which settled at $6.95. In addition, Newpark Resources, Inc saw 0.00% in overturn over a single year, with a tendency to cut further losses.
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 0.86. 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 summary, Newpark Resources, Inc (NR) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
