In last trading session, NET Power Inc. (NYSE:NPWR) saw 1.94 million shares changing hands with its beta currently measuring 0.15. Company’s recent per share price level of $16.51 trading at $0.68 or 4.30% at ring of the bell on the day assigns it a market valuation of $3.47B. That closing price of NPWR’s stock is at a discount of -4.12% from its 52-week high price of $17.19 and is indicating a premium of 43.37% from its 52-week low price of $9.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.33 million shares which gives us an average trading volume of 290.91K if we extend that period to 3-months.
For NET Power Inc. (NPWR), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.05 in the current quarter.
NET Power Inc. (NYSE:NPWR) trade information
Upright in the green during last session for gaining 4.30%, in the last five days NPWR remained trading in the green while hitting it’s week-highest on Friday, 09/15/23 when the stock touched $16.51 price level, adding 0.96% to its value on the day. NET Power Inc.’s shares saw a change of 62.34% in year-to-date performance and have moved 5.97% in past 5-day. NET Power Inc. (NYSE:NPWR) showed a performance of 9.77% in past 30-days. Number of shares sold short was 98250.0 shares which calculate 0.51 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $20.60 to the stock, which implies a rise of 19.85% to its current value. Analysts have been projecting $15.00 as a low price target for the stock while placing it at a high target of $34.00. It follows that stock’s current price would drop -105.94% in reaching the projected high whereas dropping to the targeted low would mean a gain of 9.15% for stock’s current value.
NET Power Inc. (NPWR) estimates and forecasts
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.5 million for the same. And 2 analysts are in estimates of company making revenue of $1.5 million in the next quarter that will end on Dec 2023.
NET Power Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
NET Power Inc. (NYSE:NPWR)’s Major holders
Insiders are in possession of 14.81% of company’s total shares while institution are holding 93.45 percent of that, with stock having share float percentage of 109.69%. Investors also watch the number of corporate investors in a company very closely, which is 93.45% institutions for NET Power Inc. that are currently holding shares of the company. Baker Hughes Holdings LLC is the top institutional holder at NPWR for having 7.32 million shares of worth $95.15 million. And as of Jun 29, 2023, it was holding 10.87% of the company’s outstanding shares.
The second largest institutional holder is Greenlight Capital, Inc., which was holding about 2.51 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.73% of outstanding shares, having a total worth of $32.63 million.
On the other hand, Cohen & Steers Infrastructure Fund, Inc. and Delaware Ivy Energy Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.73 million shares of worth $9.51 million or 1.09% of the total outstanding shares. The later fund manager was in possession of 0.26 million shares on Jun 29, 2023, making its stake of worth around $3.41 million in the company or a holder of 0.39% of company’s stock.