Expro Group Holdings N.V. (XPRO) stock expected to rise by 10.4%: What’s driving the optimism?

Expro Group Holdings N.V. [XPRO] stock prices are up 1.15% to $23.85 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The XPRO shares have lost -1.57% over the last week, with a monthly amount glided 2.89%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Expro Group Holdings N.V. [NYSE: XPRO] stock has seen the most recent analyst activity on June 03, 2024, when Goldman downgraded its rating to a Neutral and also boosted its price target to $23 from $22. Previously, Barclays upgraded its rating to Overweight on May 14, 2024, and elevated its price target to $27. On September 13, 2023, JP Morgan initiated with a Overweight rating and assigned a price target of $30 on the stock.

The stock price of Expro Group Holdings N.V. [XPRO] has been fluctuating between $14.33 and $25.04 over the past year. Currently, Wall Street analysts expect the stock to reach $26.33 within the next 12 months. Expro Group Holdings N.V. [NYSE: XPRO] shares were valued at $23.85 at the most recent close of the market. An investor can expect a potential return of 10.4% based on the average XPRO price forecast.

Analyzing the XPRO fundamentals

The Expro Group Holdings N.V. [NYSE:XPRO] reported sales of 1.56B for trailing twelve months, representing a surge of 13.03%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.46 points at the first support level, and at 23.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.11, and for the 2nd resistance point, it is at 24.36.

Ratios To Look Out For

It’s worth pointing out that Expro Group Holdings N.V. [NYSE:XPRO]’s Current Ratio is 1.85. On the other hand, the Quick Ratio is 1.50, and the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 2.04.

Transactions by insiders

Recent insider trading involved Russell Steven J, Chief Technology Officer, that happened on Jun 21 ’24 when 15000.0 shares were sold. Director, TROE LISA L completed a deal on Jun 03 ’24 to sell 2820.0 shares. Meanwhile, Director Whelley Eileen Goss sold 2820.0 shares on Jun 03 ’24.

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