In the last trading session, 2,452,649 Frank’s International N.V. (NYSE:FI) shares changed hands as the company’s beta touched 1.38. With the company’s per share price at $3.22 changed hands at -$0.09 or -0.03% during last session, the market valuation stood at $733.23 Million. FI’s last price was a discount, traded about -68.94% off its 52-week high of $5.44. The share price had its 52-week low at $1.49, which suggests the last value was 53.73% up since then. When we look at Frank’s International N.V.’s average trading volume, we note the 10-day average is 1.79 Million shares, with the 3-month average coming to 1.17 Million.
Analysts gave the Frank’s International N.V. (FI) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.5. If we narrow down to specifics, the data shows that none out of 6 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 3 recommended FI as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. Frank’s International N.V.’s EPS for the current quarter is expected to be -$0.03.
Frank’s International N.V. (NYSE:FI) trade information
Although FI has turned red as seen at the end of in last trading. With action -2.72%, the performance over the past five days has been red. The jump to weekly highs of $3.59- on Wednesday, Jun 16 added 10.31% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.18%, with the 5-day performance at -0.05% in the red. However, in the 30-day time frame, Frank’s International N.V. (NYSE:FI) is -0.09% down. Looking at the short shares, we see there were 1.85 Million shares sold at short interest cover period of 1.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is $5.38, meaning bulls need an upside of 67.08% from its current market value. According to analyst projections, FI’s forecast low is $4.5 with $7 as the target high. To hit the forecast high, the stock’s price needs a +117.39% upsurge from its current level, while the stock would need to tank 39.75% for it to hit the projected low.
Frank’s International N.V. (FI) estimates and forecasts
Data shows that the Frank’s International N.V. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +17.52% over the past 6 months, a 40% in annual growth rate that is considerably higher than the industry average of 22.4%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Frank’s International N.V. will rise +76.9%, while the growth in revenue is estimated to hit 70% for the next quarter. Year-over-year growth is forecast to reach 8.2% up from the last financial year.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -27.7%. The 2021 estimates are for Frank’s International N.V. earnings to increase by 33.9%, but the outlook for the next 5-year period is at 0% per year.
Frank’s International N.V. (NYSE:FI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 28.38% of Frank’s International N.V. shares while 57.96% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.93%. There are 157 institutions holding the Frank’s International N.V. stock share, with Price (T.Rowe) Associates Inc the top institutional holder. As of Mar 30, 2021, the company held 18.34% of the shares, roughly 41.77 Million FI shares worth $148.27 Million.
Hotchkis & Wiley Capital Management, LLC holds the second largest percentage of outstanding shares, with 6.94% or 15.8 Million shares worth $56.1 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Price (T.Rowe) Mid-Cap Value Fund and Price (T.Rowe) Small-Cap Value Fund. With 19525420 shares estimated at $69.32 Million under it, the former controlled 8.57% of total outstanding shares. On the other hand, Price (T.Rowe) Small-Cap Value Fund held about 3.52% of the shares, roughly 8.02 Million shares worth around $28.46 Million.