In today’s recent session, 7,282,625 shares of the Frank’s International N.V.(NYSE:FI) have been traded, and its beta is 1.5. Most recently the company’s share price was $4.45, and it changed around $0.98 or 0.28% from the last close, which brings the market valuation of the company to $1Billion. FI at last check was trading at a discount to its 52-week high of $5.27, offering almost -18.43% off that amount. The share price’s 52-week low was $1.49, which indicates that the recent value has risen by an impressive 66.52% since then. We note from Frank’s International N.V.’s average daily trading volume that its 10-day average is 546.74 Million shares, with the 3-month average coming to 808.01 Million.
Frank’s International N.V. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.5. If we narrow it down even further, the data shows that none out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended FI as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Frank’s International N.V. is expected to report earnings per share of -$0.08 for the current quarter.
Frank’s International N.V. (NYSE:FI): Trading Information Today
Instantly FI has been showing a green trend so far today with a performance of 28.32% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $5.27- on Tuesday, Feb 23 increased the stock’s daily price by 15.75%. The company’s shares are currently up 0.62% year-to-date, but still up 0.3578 over the last five days. On the other hand, Frank’s International N.V. (NYSE:FI) is 0.42% up in the 30-day period. We can see from the shorts that 2.17 Million shares have been sold at a short interest cover period of 0 day(s).
The consensus price target as assigned by Wall Street analysts is $2.75, which translates to bears needing to reduce their stock price by -38.2% from its current value. Analyst projections state that FI is forecast to be at a low of $2 and a high of $3. In order for the stock price to hit the forecast high, the stock would need to surge -32.58% from its current level, while the stock would need to crash -55.06% from its current level to reach the projected low.
Frank’s International N.V. (FI) projections and forecasts
Frank’s International N.V. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +44.58 percent over the past six months. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -33.3% in revenue this quarter, and will report a decline of -75% in the next quarter. The year-over-year growth rate is expected to be -33.4%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $88.2 Million in revenue for the current quarter. 3 analysts expect Frank’s International N.V. to make $91.47 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $139.44 Million and $134.46 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -36.7%. Forecasts for the next quarter put sales growth at -32%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.7%. Frank’s International N.V. earnings are expected to decrease by -158% in 2021, but the outlook is negative 0% per year for the next five years.
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Frank’s International N.V. (NYSE:FI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 31.19% of Frank’s International N.V. shares, and 56.55% of them are in the hands of institutional investors. The stock currently has a share float of 82.18%. Frank’s International N.V. stock is held by 142 institutions, with Price (T.Rowe) Associates Inc being the largest institutional investor. By Dec 30, 2020, it held 17.7% of the shares, which is about 40.06 Million shares worth $109.77 Million.
Hotchkis & Wiley Capital Management, LLC, with 7.84% or 17.75 Million shares worth $48.63 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Price (T.Rowe) Mid-Cap Value Fund and Price (T.Rowe) Small-Cap Value Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 19061729 shares worth $52.23 Million, making up 8.42% of all outstanding shares. On the other hand, Price (T.Rowe) Small-Cap Value Fund held roughly 7.57 Million shares worth around $20.73 Million, which represents about 3.34% of the total shares outstanding.