Expro Group Holdings N.V. (NYSE: XPRO) stock jumped 2.18% on Monday to $15.97 against a previous-day closing price of $15.63. With 1.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.01 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $16.39 whereas the lowest price it dropped to was $15.74. The 52-week range on XPRO shows that it touched its highest point at $25.04 and its lowest point at $14.33 during that stretch. It currently has a 1-year price target of $23.14. Beta for the stock currently stands at 1.05.
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 6.61%, but this was down by -21.68% over a month. Three-month performance dropped to -30.72% while six-month performance fell -9.16%. The stock lost -14.60% in the past year, while it has lost -11.91% so far this year. A look at the trailing 12-month EPS for XPRO yields 0.02 with Next year EPS estimates of 1.10. For the next quarter, that number is 0.07. This implies an EPS growth rate of 113.33% for this year and 4491.67% for next year.
Float and Shares Shorts:
At present, 108.74 million XPRO shares are outstanding with a float of 105.82 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.2 million, which was 2.90% higher than short shares on Sep 28, 2023. In addition to GPRO as the firm’s GoPro, Inc., UPRO serves as its ProShares UltraPro S&P 500.
Through their ownership of 86.16% of XPRO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.85% of XPRO, in contrast to 40.75% held by mutual funds. Shares owned by individuals account for 39.21%. As the largest shareholder in XPRO with 13.39% of the stake, Oak Hill Advisors LP holds 14,818,815 shares worth 14,818,815. A second-largest stockholder of XPRO, Fidelity Management & Research Co, holds 12,391,725 shares, controlling over 11.20% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in XPRO, holding 9,188,037 shares or 8.30% stake. With a 3.37% stake in XPRO, the T Rowe Price Mid Cap Value Fund is the largest stakeholder. A total of 3,734,550 shares are owned by the mutual fund manager. The T Rowe Price Small Cap Value Fund, which owns about 2.54% of XPRO stock, is the second-largest Mutual Fund holder. It holds 2,809,309 shares valued at 44.25 million. Fidelity Value Fund holds 2.44% of the stake in XPRO, owning 2,699,000 shares worth 42.51 million.
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 $29.00 and a low target of $17.00, the average target price over the next 12 months is $23.14. Based on these targets, XPRO could surge 81.59% to reach the target high and rise by 6.45% to reach the target low. Reaching the average price target will result in a growth of 44.9% from current levels.
Summary of Insider Activity:
Insiders traded XPRO stock several times over the past three months with 0 Buys and 5 Sells. In these transactions, 0 shares were bought while 3,036,735 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 256,515 while 14,818,827 shares were sold.