Newpark Resources, Inc. (NYSE:NR) has a beta value of 3.02 and has seen 1,202,833 shares traded in the last trading session. The company, currently valued at $196.88 Million, closed the last trade at $2.19 per share which meant it gained $0.28 on the day or 14.66% during that session. The NR stock price is -268.95% off its 52-week high price of $8.08 and 70.32% above the 52-week low of $0.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.5 Million shares traded. The 3-month trading volume is 1.35 Million shares.
The consensus among analysts is that Newpark Resources, Inc. (NR) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 5 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.19.
Newpark Resources, Inc. (NYSE:NR) trade information
Sporting 14.66% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the NR stock price touched $2.20-0 or saw a rise of 0.45%. Year-to-date, Newpark Resources, Inc. shares have moved -65.07%, while the 5-day performance has seen it change 12.89%. Over the past 30 days, the shares of Newpark Resources, Inc. (NYSE:NR) have changed 8.42%. Short interest in the company has seen 1.6 Million shares shorted with days to cover at 1.19.
Wall Street analysts have a consensus price target for the stock at $2.25, which means that the shares’ value could jump 2.74% from current levels. The projected low price target is $2 while the price target rests at a high of $3. In that case, then, we find that the current price level is +36.99% off the targeted high while a plunge would see the stock lose -8.68% from current levels.
Newpark Resources, Inc. (NR) estimates and forecasts
Figures show that Newpark Resources, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -63.98% over the past 6 months, with this year growth rate of -787.5%, compared to -33.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -480% and -750% for the next quarter. Revenue growth from the last financial year stood is estimated to be -40%.
3 analysts offering their estimates for the company have set an average revenue estimate of $111.55 Million for the current quarter. 3 have an estimated revenue figure of $106.44 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $216.69 Million for this quarter, and analysts expect sales will grow by -48.5% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -16.8% over the past 5 years. Earnings growth for 2020 is a modest -143.7% while over the next 5 years, the company’s earnings are expected to increase by 0%.