Newpark Resources, Inc. (NYSE:NR)’s beta now stands at 1.7 and when compared to its 200-day moving average and its 50-day moving average, NR price stands -1.05% below and 21.22% above respectively. The stock dropped by -20.43% or -$2.38 from its last recorded high of $11.65 which it attained on June 27 to close at $9.27 per share. Over the past 52 weeks, the shares of Newpark Resources, Inc. has been trading as low as $6.39 before witnessing a massive surge by 45.07% or $2.88. This price movement has led to the NR stock receiving more attention and has become one to watch out for. It dipped by -0.22% on Monday and this got the market worried. Its average daily volatility for this week is 4.07% which is more than the 3.04% recorded over the past month.
Newpark Resources, Inc. (NR) rose 7.92% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 15.88% and is now up by 34.93% since start of this year. A look at its monthly performance shows that the stock has recorded a 13.46% gain over the past 30 days. Its equity price climbed by 11.42% over the past three months which led to its overall six-month decrease to stand at -12.13%.
Experts from research firms are bullish about the near-term performance of Newpark Resources, Inc. with most of them predicting a $10.64 price target on a short-term (12 months) basis. The average price target by the analysts will see a 14.78% rise in the stock and would lead to NR’s market cap to surge to $963.24M. The stock has been rated an average 0, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 8 analysts that track Newpark Resources, Inc. (NYSE:NR) and find out that 1 of them rated it as a Hold. 7 of the 7 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at NR technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 70.99 point. Its trading volume has added 670225 shares compared to readings over the past three months as it recently exchanged 1259625 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 589400 shares, and this is 2.14 times the normal volume.
The price of GoPro, Inc. (NASDAQ:GPRO) currently stands at $5.49 after it went up by $0.17 or 3.2% and has found a strong support at $5.33 a share. If the GPRO price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $5.17 mark would also be bad for the stock as it means that the stock would plunge by 5.83% from its current position. However, if the stock price is able to trade above the resistance point around $5.59, then it could likely surge higher to try and break the upward resistance which stands at $5.69 a share. Its average daily volatility over the past one month stands at 3.99%. The stock has plunged by 95.11% from its 52-weeks high of $0.2682 which it reached on Sep. 26, 2018. In general, it is 27.14% above its 52-weeks lowest point which stands at $4 and this setback was observed on Dec. 26, 2018.
The GPRO stock Stochastic Oscillator (%D) is at 69.26%, which means that it is currently neutral. The shares P/S ratio stands at 0.72 which compares to the 0.4 recorded by the industry or the 136.8 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 24.73, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -3.8% over the past five years.
Analysts view GoPro, Inc. (NASDAQ:GPRO) as a Hold, with 2.8 consensus rating. Reuters surveyed 6 analysts that follow GPRO and found that 4 of those analysts rated the stock as a Hold. The remaining 2 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying GoPro, Inc. (GPRO) shares or sell it if they already own it.