Given A -13.78% Drop From High, Can NET Power Inc (NYSE: NPWR) Quickly Recover?

During the last session, NET Power Inc (NYSE:NPWR)’s traded shares were 1.16 million, with the beta value of the company hitting -0.09. At the end of the trading day, the stock’s price was $12.55, reflecting an intraday loss of -0.08% or -$0.01. The 52-week high for the NPWR share is $14.28, that puts it down -13.78 from that peak though still a striking 47.65% gain since the share price plummeted to a 52-week low of $6.57. The company’s market capitalization is $2.70B, and the average intraday trading volume over the past 10 days was 0.99 million shares, and the average trade volume was 537.22K shares over the past three months.

NET Power Inc (NPWR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. NPWR has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it.

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NET Power Inc (NYSE:NPWR) trade information

NET Power Inc (NPWR) registered a -0.08% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.08% in intraday trading to $12.55, hitting a weekly high. The stock’s 5-day price performance is -4.20%, and it has moved by 40.85% in 30 days. Based on these gigs, the overall price performance for the year is 21.26%. The short interest in NET Power Inc (NYSE:NPWR) is 2.7 million shares and it means that shorts have 5.32 day(s) to cover.

The consensus price target of analysts on Wall Street is $11, which implies a decrease of -14.09% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $11 respectively. As a result, NPWR is trading at a premium of 12.35% off the target high and 12.35% off the low.

While earnings are projected to return 15.69% in 2024.

NPWR Dividends

NET Power Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

NET Power Inc (NYSE:NPWR)’s Major holders

NET Power Inc insiders own 13.08% of total outstanding shares while institutional holders control 86.49%, with the float percentage being 99.51%.