A share price of Newpark Resources, Inc [NR] is currently trading at $7.40, up 3.21%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NR shares have gain 1.65% over the last week, with a monthly amount glided 5.87%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Newpark Resources, Inc [NYSE: NR] stock has seen the most recent analyst activity on April 09, 2024, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $10. Previously, ROTH MKM started tracking the stock with Buy rating on March 08, 2024, and set its price target to $10. On December 05, 2023, H.C. Wainwright initiated with a Buy rating and assigned a price target of $12 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $11 on October 25, 2023. CapitalOne downgraded its rating to a Equal Weight. Evercore ISI downgraded its rating to In-line for this stock on March 09, 2020. In a note dated March 05, 2018, Johnson Rice upgraded an Buy rating on this stock.
Newpark Resources, Inc experienced fluctuations in its stock price throughout the past year between $5.61 and $8.65. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Newpark Resources, Inc [NYSE: NR] shares were valued at $7.40 at the most recent close of the market. An investor can expect a potential return of 48.65% based on the average NR price forecast.
Analyzing the NR fundamentals
Trailing Twelve Months sales for Newpark Resources, Inc [NYSE:NR] were 560.14M which represents -77.73% decline. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.41, Equity is -0.4 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 7.24 points at the first support level, and at 7.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.50, and for the 2nd resistance point, it is at 7.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Newpark Resources, Inc [NYSE:NR] is 2.29. As well, the Quick Ratio is 2.00, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 2.02 and price to earnings (TTM) ratio is 17.84.
