Newpark Resources Inc. (NYSE:NR) shares, rose in value on Friday, 05/13/22, with the stock price up by 3.32% to the previous day’s close as strong demand from buyers drove the stock to $3.73.
Actively observing the price movement in the last trading, the stock closed the session at $3.61, falling within a range of $3.64 and $3.805. The value of beta (5-year monthly) was 3.49. Referring to stock’s 52-week performance, its high was $4.81, and the low was $1.92. On the whole, NR has fluctuated by -0.53% over the past month.
With the market capitalization of Newpark Resources Inc. currently standing at about $340.74 million, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2022 – May 06, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.01, which is expected to increase to $0 for fiscal year -$0.22 and then to about $0.21 by fiscal year 2022. Data indicates that the EPS growth is expected to be 55.10% in 2022, while the next year’s EPS growth is forecast to be 195.50%.
Analysts have estimated the company’s revenue for the quarter at $163.9 million, with a low estimate of $163.9 million and a high estimate of $163.9 million. According to the average forecast, sales growth in current quarter could jump up 26.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $599.2 million, representing an increase of 21.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NR currently trading nearly 1.84% and -2.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.45, while the 7-day volatility ratio is showing 6.85% which for the 30-day chart, stands at 7.26%. Furthermore, Newpark Resources Inc. (NR)’s beta value is 3.00, and its average true range (ATR) is 0.26.
A comparison of Newpark Resources Inc. (NR) with its peers suggests the former has fared considerably weaker in the market. NR showed an intraday change of 3.32% in last session, and over the past year, it grew by 13.37%%. In comparison, Flotek Industries Inc. (FTK) has moved higher at 7.69% on the day and was down -31.89% over the past 12 months. On the other hand, the price of Oil States International Inc. (OIS) has risen 3.36% on the day. The stock, however, is off 2.27% from where it was a year ago. Additionally, there is a gain of 4.38% for Schlumberger Limited (SLB) in last trading while the stock has seen an overall depriciation of 24.17%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.
Data on historical trading for Newpark Resources Inc. (NYSE:NR) indicates that the trading volumes over the past 10 days have averaged 0.59 million and over the past 3 months, they’ve averaged 711.36K. According to company’s latest data on outstanding shares, there are 92.12 million shares outstanding.
Nearly 0.20% of Newpark Resources Inc.’s shares belong to company insiders and institutional investors own 71.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.21 million shares as on Dec 14, 2021, resulting in a short ratio of 1.29. According to the data, the short interest in Newpark Resources Inc. (NR) stood at 1.31% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 1.1 million. The stock has risen by 26.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NR stock heading into the next quarter.