Newpark Resources Inc. (NYSE:NR) saw a downside of -2.44% to $6.59 after subtracting -$0.16 on Tuesday. The 5-day average trading volume is 1,036,079 shares of the company’s common stock. It has gained $6.80 in the past week and touched a new high 4 times within the past 5 days. An average of 866,290 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 787,326.
NR’s 1-month performance is 11.23% or $0.67 on its low of $5.85 reached on 08/29/23. The company’s shares have touched a 52-week low of $2.38 and high of $6.80, with the stock’s rally to the 52-week high happening on 09/25/23. YTD, NR has achieved 58.67% or $2.44 and has reached a new high 24 times. However, the current price is down -3.23% from the 52-week high price.
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Valuation Metrics
NR stock has a beta of 2.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.69 while the price-to-book (PB) in the most recent quarter is 1.38, with the price to cash flow ratio at 783.07.
Newpark Resources Inc.’s quick ratio for the period ended June 29 was 1.64, with the current ratio over the same period at 2.69. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.23, while the total debt to equity was 0.28. In terms of profitability, the gross margin trailing 12 months is 16.72%. The trailing 12-month EBITDA margin is 7.67% while for the period ending June 29, Newpark Resources Inc.’s operating margin was 4.67%. The firm’s gross profit as reported stood at $121.54 million against revenue of $815.59 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 555.88% to $1.7 million, while revenue of $5.62 million was -230.59% off the previous quarter. Analysts expected NR to announce $0.03 per share in earnings in its latest quarter, but it posted $0.01, representing a -66.70% surprise. EBITDA for the quarter stood at more than $13.92 million. NR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 250.82 million, with total debt at $116.96 million. Shareholders hold equity totaling $86.81 million.
Let’s look briefly at Newpark Resources Inc. (NR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 67.13% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.35%.
The stock’s 5-day moving average is $6.51, reflecting a +7.33% or $0.45 change from its current price. NR is currently trading +11.32% above its 20-day SMA, +61.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +22.95% and SMA200 by+67.26%.
Stochastic %K and %D was 82.48% and 81.46% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 66.96%, while the 14-day stochastic is at 73.62% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at 0.31 and 0.36 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Newpark Resources Inc. (NYSE: NR), CapitalOne downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for NR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NR as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 have offered a “buy” rating.
What is NR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $4.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for Newpark Resources Inc. (NR) stock is $4.00.
