Newpark Resources Inc. (NYSE: NR) stock enjoyed a major increase of 14.8% on 8/6/24. The shares closed at $8.01. Moreover, exceptionally high trading volume at 261% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -1.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NR is expected to continue to be a Value Builder.
Newpark Resources has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Newpark Resources has a slightly negative Appreciation Score of 31 but a slightly positive Power Rating of 70, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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