Nuverra Environmental Solutions Inc. [NES] fell -20.39% so far this year. What now?


Nuverra Environmental Solutions Inc. [AMEX: NES] gained 4.31% on the last trading session, reaching $2.42 price per share at the time. The company report on December 14, 2021 that NUVERRA ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of NES and Encourages Investors to Contact the Firm.

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Nuverra Environmental Solutions, Inc. (NYSE: NES) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Select Energy Services, Inc. (NYSE: WTTR).

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Nuverra Environmental Solutions Inc. represents 16.07 million in outstanding shares, while the company has a total market value of $49.37 million with the latest information. NES stock price has been found in the range of $2.35 to $3.17.

If compared to the average trading volume of 2.53M shares, NES reached a trading volume of 17556463 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Nuverra Environmental Solutions Inc. [NES]:

The Average True Range (ATR) for Nuverra Environmental Solutions Inc. is set at 0.53, with the Price to Sales ratio for NES stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 0.34, with the Price to Cash per share for the same quarter was set at 0.19.

Trading performance analysis for NES stock

Nuverra Environmental Solutions Inc. [NES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.84. With this latest performance, NES shares gained by 74.10% in over the last four-week period, additionally plugging by 15.06% over the last 6 months – not to mention a rise of 2.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NES stock in for the last two-week period is set at 53.82, with the RSI for the last a single of trading hit 51.80, and the three-weeks RSI is set at 54.31 for Nuverra Environmental Solutions Inc. [NES]. The present Moving Average for the last 50 days of trading for this stock 1.94, while it was recorded at 2.54 for the last single week of trading, and 2.09 for the last 200 days.

Nuverra Environmental Solutions Inc. [NES]: A deeper dive into fundamental analysis

Nuverra Environmental Solutions Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.50.

Nuverra Environmental Solutions Inc. [NES]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NES. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nuverra Environmental Solutions Inc. go to -0.39%.

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An analysis of insider ownership at Nuverra Environmental Solutions Inc. [NES]

There are presently around $35 million, or 91.50% of NES stock, in the hands of institutional investors. The top three institutional holders of NES stocks are: ASCRIBE CAPITAL LLC with ownership of 7,021,879, which is approximately 0% of the company’s market cap and around 1.60% of the total institutional ownership; GATES CAPITAL MANAGEMENT, INC., holding 6,626,660 shares of the stock with an approximate value of $16.04 million in NES stocks shares; and FIDELITY NATIONAL FINANCIAL, INC., currently with $0.59 million in NES stock with ownership of nearly 16.162% of the company’s market capitalization.

4 institutional holders increased their position in Nuverra Environmental Solutions Inc. [AMEX:NES] by around 68,987 shares. Additionally, 8 investors decreased positions by around 36,717 shares, while 11 investors held positions by with 14,156,445 shares. The mentioned changes placed institutional holdings at 14,262,149 shares, according to the latest SEC report filing. NES stock had 2 new institutional investments in for a total of 34,853 shares, while 4 institutional investors sold positions of 8,910 shares during the same period.