At the time of writing, National Energy Services Reunited Corp [NESR] stock is trading at $8.09, up 6.45%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NESR shares have gain 3.32% over the last week, with a monthly amount drifted -14.39%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, The Benchmark Company started tracking the stock with Buy rating on January 21, 2025, and set its price target to $15. On December 06, 2024, JP Morgan initiated with a Overweight rating and assigned a price target of $13 on the stock. BTIG Research started tracking the stock assigning a Buy rating and suggested a price target of $15 on October 25, 2024.
For the past year, the stock price of National Energy Services Reunited Corp fluctuated between $7.36 and $10.30. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. National Energy Services Reunited Corp [NASDAQ: NESR] shares were valued at $8.09 at the most recent close of the market. An investor can expect a potential return of 35.97% based on the average NESR price forecast.
Analyzing the NESR fundamentals
Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
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 7.70 points at the first support level, and at 7.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.48, and for the 2nd resistance point, it is at 8.88.
Ratios To Look Out For
It is important to note that National Energy Services Reunited Corp [NASDAQ:NESR] has a current ratio of 1.10. As well, the Quick Ratio is 0.91, while the Cash Ratio is 0.23.
