NET Power Inc (NYSE:NPWR) price on Thursday, June 12, fall -1.53% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.57.
A look at the stock’s price movement, the close in the last trading session was $2.61. Turning to its 52-week performance, $14.28 and $1.48 were the 52-week high and 52-week low respectively. Overall, NPWR moved 33.16% over the past month.
NET Power Inc’s market cap currently stands at around $563.01 million, with investors looking forward to this quarter’s earnings report slated for in July.
The average forecast suggests down to a -100.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 666.67k, representing a 166.67% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NPWR is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 8 recommend NPWR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NPWR’s current price about 23.35% and 26.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.25, while 7-day volatility ratio is 7.89% and 12.54% in the 30-day chart. Further, NET Power Inc (NPWR) has a beta value of 0.67, and an average true range (ATR) of 0.35. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -16.73% off current price level while to achieve the yearly target high, price needs to move -16.73%. Nonetheless, investors will most likely welcome a -16.73% jump to $3 which is the analysts’ median price.
If we refocus on NET Power Inc (NYSE:NPWR), historical trading data shows that trading volumes averaged 1.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 77.06 million shares.
The 58.92% of NET Power Inc’s shares are in the hands of company insiders while institutional holders own 39.76% of the company’s shares. Current price change has pushed the stock -75.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NPWR stock continues to rise going into the next quarter.
