NET Power Inc (NYSE: NPWR) is 15.54% higher on its value in year-to-date trading and has touched a low of $7.55 and a high of $17.62 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 NPWR stock was last observed hovering at around $11.22 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $11.67, the stock is 25.78% and 31.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 4.01% at the moment leaves the stock -1.49% off its SMA200. NPWR registered 14.08% gain for a year compared to 6-month loss of -19.90%. The firm has a 200-day simple moving average (SMA200) of -$28.32.
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The stock witnessed a 44.79% gain in the last 1 month and extending the period to 3 months gives it a 9.68%, and is 17.29% 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 5.11% over the week and 5.30% over the month.
Profit margin for the company is -110455.40%. Distance from 52-week low is 54.57% and -33.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.55%).
NET Power Inc quarterly earnings per share for the current quarter are estimated at -$0.05.The EPS is expected to grow by 17.75% this year
84 institutions hold shares in NET Power Inc (NPWR), with institutional investors hold 114.46% of the company’s shares. The shares outstanding are 71.28M, and float is at 19.17M with Short Float at 7.82%. Institutions hold 93.83% of the Float.
The top institutional shareholder in the company is Baker Hughes Holdings LLC with over 7.32 million shares valued at $95.15 million. The investor’s holdings represent 10.87% of the NPWR Shares outstanding. As of Jun 29, 2023, the second largest holder is Greenlight Capital, Inc. with 2.51 million shares valued at $32.63 million to account for 3.73% of the shares outstanding. The other top investors are Kensico Capital Management Corp which holds 1.97 million shares representing 2.93% and valued at over $25.67 million, while Adage Capital Partners GP L.L.C. holds 2.34% of the shares totaling 1.58 million with a market value of $20.52 million.
NET Power Inc (NPWR) Insider Activity
The most recent transaction is an insider sale by MAHON JAMES, the company’s General Counsel and Secretary. SEC filings show that MAHON JAMES sold 26,126 shares of the company’s common stock on Sep 13 ’23 at a price of $15.12 per share for a total of $0.39 million. Following the sale, the insider now owns 0.0 shares.
NET Power Inc disclosed in a document filed with the SEC on Sep 12 ’23 that MAHON JAMES (General Counsel and Secretary) sold a total of 5,268 shares of the company’s common stock. The trade occurred on Sep 12 ’23 and was made at $15.04 per share for $79215.0. Following the transaction, the insider now directly holds 26126.0 shares of the NPWR stock.
Still, SEC filings show that on Sep 11 ’23, MAHON JAMES (General Counsel and Secretary) disposed off 20,000 shares at an average price of $15.11 for $0.3 million. The insider now directly holds 31,394 shares of NET Power Inc (NPWR).
