Frank’s International N.V. (NYSE:FI) has a beta value of 1.4 and has seen 1,836,956 shares traded in the last trading session. The company, currently valued at $785.61 Million, closed the last trade at $3.45 per share which meant it gained $0.2 on the day or 6.15% during that session. The FI stock price is -57.68% off its 52-week high price of $5.44 and 56.81% above the 52-week low of $1.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 858.7 Million shares traded. The 3-month trading volume is 1.4 Million shares.
The consensus among analysts is that Frank’s International N.V. (FI) is an Overweight stock at the moment, with a recommendation rating of 2.5. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 7 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.05.
Frank’s International N.V. (NYSE:FI) trade information
Sporting 6.15% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the FI stock price touched $3.55-2 or saw a rise of 2.82%. Year-to-date, Frank’s International N.V. shares have moved 25.91%, while the 5-day performance has seen it change 4.23%. Over the past 30 days, the shares of Frank’s International N.V. (NYSE:FI) have changed -9.45%. Short interest in the company has seen 1.69 Million shares shorted with days to cover at 1.21.
Wall Street analysts have a consensus price target for the stock at $5.1, which means that the shares’ value could jump 47.83% from current levels. The projected low price target is $4 while the price target rests at a high of $7. In that case, then, we find that the current price level is +102.9% off the targeted high while a plunge would see the stock lose 15.94% from current levels.
Frank’s International N.V. (FI) estimates and forecasts
Figures show that Frank’s International N.V. shares have outperformed across the wider relevant industry. The company’s shares have gained +110.37% over the past 6 months, with this year growth rate of 46.67%, compared to 16.2% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -25% and 76.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be +8.8%.
5 analysts offering their estimates for the company have set an average revenue estimate of $96.02 Million for the current quarter. 5 have an estimated revenue figure of $105.42 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $134.46 Million for this quarter, and analysts expect sales will grow by -28.6% 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 -27.7% over the past 5 years. Earnings growth for 2021 is a modest +33.9%.
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Frank’s International N.V. (NYSE:FI)’s Major holders
Insiders own 31.21% of the company shares, while shares held by institutions stand at 58.17% with a share float percentage of 84.57%. Investors are also buoyed by the number of investors in a company, with Frank’s International N.V. having a total of 145 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 40.06 Million shares worth more than $109.77 Million. As of December 30, 2020, Price (T.Rowe) Associates Inc held 17.68% of shares outstanding.
The other major institutional holder is Hotchkis & Wiley Capital Management, LLC, with the holding of over 17.75 Million shares as of December 30, 2020. The firm’s total holdings are worth over $48.63 Million and represent 7.83% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Mid-Cap Value Fund and Price (T.Rowe) Small-Cap Value Fund. As of December 30, 2020, the former fund manager holds about 8.41% shares in the company for having 19061729 shares of worth $52.23 Million while later fund manager owns 7.57 Million shares of worth $20.73 Million as of December 30, 2020, which makes it owner of about 3.34% of company’s outstanding stock.