Newpark Resources, Inc. (NYSE: NR) is 12.65% higher on its value in year-to-date trading and has touched a low of $3.40 and a high of $7.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NR stock was last observed hovering at around $7.48 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $7.48, the stock is 10.85% and 15.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 0.00% at the moment leaves the stock 20.41% off its SMA200. NR registered 87.00% gain for a year compared to 6-month gain of 20.65%. The firm has a 50-day simple moving average (SMA 50) of $0.92 and a 200-day simple moving average (SMA200) of $10.68.
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The stock witnessed a 19.30% loss in the last 1 month and extending the period to 3 months gives it a 4.03%, and is 5.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.87% over the week and 3.63% over the month.
Newpark Resources, Inc. (NR) has around 1550 employees, a market worth around $637.30M and $749.60M in sales. Current P/E ratio is 45.89 and Fwd P/E is 17.20. Profit margin for the company is 1.94%. Distance from 52-week low is 120.00% and -1.90% from its 52-week high. The company has generated returns on investments over the last 12 months (2.96%).
Newpark Resources, Inc. quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $170.49M over the same period.The EPS is expected to grow by 9.68% this year, but quarterly earnings will post -4.80% year-over-year.
235 institutions hold shares in Newpark Resources, Inc. (NR), with institutional investors hold 92.46% of the company’s shares. The shares outstanding are 85.20M, and float is at 75.02M with Short Float at 1.51%. Institutions hold 83.01% of the Float.
The top institutional shareholder in the company is Ameriprise Financial, Inc. with over 7.43 million shares valued at $38.86 million. The investor’s holdings represent 8.56% of the NR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 5.91 million shares valued at $30.93 million to account for 6.81% of the shares outstanding. The other top investors are Adage Capital Partners GP L.L.C. which holds 5.48 million shares representing 6.32% and valued at over $28.69 million, while Dimensional Fund Advisors LP holds 6.12% of the shares totaling 5.31 million with a market value of $27.79 million.
Newpark Resources, Inc. (NR) Insider Activity
The most recent transaction is an insider purchase by Meer Claudia Michel, the company’s Director. SEC filings show that Meer Claudia Michel bought 1,300 shares of the company’s common stock on Aug 21 ’23 at a price of $5.57 per share for a total of $7241.0. Following the purchase, the insider now owns 82930.0 shares.
Newpark Resources, Inc. disclosed in a document filed with the SEC on Aug 16 ’23 that Meer Claudia Michel (Director) bought a total of 8,000 shares of the company’s common stock. The trade occurred on Aug 16 ’23 and was made at $5.27 per share for $42180.0. Following the transaction, the insider now directly holds 81630.0 shares of the NR stock.
