Newpark Resources, Inc (NYSE: NR) has seen a rise in its stock price by 5.00 in relation to its previous close of 7.40. However, the company has experienced a 9.13% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-08 that Newpark Resources, Inc. (NYSE:NR ) Q3 2024 Results Conference Call November 8, 2024 9:30 AM ET Company Participants Gregg Piontek – Chief Financial Officer Matthew Lanigan – Chief Executive Officer Conference Call Participants Aaron Spychalla – Craig Hallum Sameer Joshi – H.C. Wainwright Gerry Sweeney – ROTH Capital Alex Rygiel – B.
Is It Worth Investing in Newpark Resources, Inc (NYSE: NR) Right Now?
Newpark Resources, Inc (NYSE: NR) has a price-to-earnings ratio of 18.74x that is above its average ratio. Additionally, the 36-month beta value for NR is 2.90. 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 77.82M and currently, short sellers hold a 1.76% ratio of that float. The average trading volume of NR on November 22, 2024 was 653.46K shares.
NR’s Market Performance
The stock of Newpark Resources, Inc (NR) has seen a 9.13% increase in the past week, with a 13.43% rise in the past month, and a -4.66% fall in the past quarter. The volatility ratio for the week is 4.30%, and the volatility levels for the past 30 days are at 3.99% for NR. The simple moving average for the last 20 days is 9.66% for NR stock, with a simple moving average of 4.95% 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 9.54% 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 -10.17% of loss for the given period.
Volatility was left at 3.99%, however, over the last 30 days, the volatility rate increased by 4.30%, as shares surge +15.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.90% upper at present.
During the last 5 trading sessions, NR rose by +9.13%, which changed the moving average for the period of 200-days by +28.22% in comparison to the 20-day moving average, which settled at $7.09. In addition, Newpark Resources, Inc saw 17.02% 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:
- 0.07 for the present operating margin
- 0.21 for the gross margin
The net margin for Newpark Resources, Inc stands at -0.28. The total capital return value is set at 0.11. Equity return is now at value 8.14, with 5.65 for asset returns.
Based on Newpark Resources, Inc (NR), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 5.62. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 5.7.
Currently, EBITDA for the company is 64.73 million with net debt to EBITDA at -0.45. When we switch over and look at the enterprise to sales, we see a ratio of 1.15. The receivables turnover for the company is 10.27for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.29.
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.
