This trade activity should not be overlooked: Expro Group Holdings N.V. (XPRO)

Expro Group Holdings N.V. (NYSE: XPRO) stock jumped 0.23% on Tuesday to $17.62 against a previous-day closing price of $17.58. With 0.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.67 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $18.01 whereas the lowest price it dropped to was $17.44. The 52-week range on XPRO shows that it touched its highest point at $24.04 and its lowest point at $8.82 during that stretch. It currently has a 1-year price target of $26.00. Beta for the stock currently stands at 1.09.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of XPRO was up-trending over the past week, with a rise of 2.80%, but this was down by -11.77% over a month. Three-month performance dropped to -10.74% while six-month performance fell -1.01%. The stock gained 35.23% in the past year, while it has lost -2.81% so far this year. A look at the trailing 12-month EPS for XPRO yields -0.14 with Next year EPS estimates of 1.48. For the next quarter, that number is 0.45. This implies an EPS growth rate of 88.70% for this year and 40.55% for next year.

Float and Shares Shorts:

At present, 108.86 million XPRO shares are outstanding with a float of 100.40 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.84 million, which was 2.61% higher than short shares on Mar 30, 2023. In addition to Mr. Michael Jardon as the firm’s Pres, CEO & Exec. Director, Mr. Quinn P. Fanning serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 74.96% of XPRO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.47% of XPRO, in contrast to 43.43% held by mutual funds. Shares owned by individuals account for 42.38%. As the largest shareholder in XPRO with 26.94% of the stake, Oak Hill Advisors LP holds 29,311,089 shares worth 29,311,089. A second-largest stockholder of XPRO, Fidelity Management & Research Co, holds 12,073,286 shares, controlling over 11.10% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in XPRO, holding 11,864,259 shares or 10.90% stake. With a 4.56% stake in XPRO, the T Rowe Price Mid Cap Value Fund is the largest stakeholder. A total of 4,958,889 shares are owned by the mutual fund manager. The Fidelity Value Fund, which owns about 2.58% of XPRO stock, is the second-largest Mutual Fund holder. It holds 2,808,700 shares valued at 55.87 million. T Rowe Price Small Cap Value Fund holds 2.26% of the stake in XPRO, owning 2,459,809 shares worth 48.93 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, XPRO reported revenue of $313.62M and operating income of $3.81M. The EBITDA in the recently reported quarter was $42.15M and diluted EPS was -$0.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XPRO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With XPRO analysts setting a high price target of $30.00 and a low target of $22.00, the average target price over the next 12 months is $26.00. Based on these targets, XPRO could surge 70.26% to reach the target high and rise by 24.86% to reach the target low. Reaching the average price target will result in a growth of 47.56% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded XPRO stock several times over the past three months with 6 Buys and 7 Sells. In these transactions, 159,682 shares were bought while 64,556 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 314,862 while 9,474,870 shares were sold.

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