NET Power Inc (NYSE:NPWR) shares traded -2.40% lower at $11.39 on Wall Street last session.
NPWR stock price is now 28.06% away from the 50-day moving average and -3.73% away from the 200-day moving average.
With the price target of $36, Janney recently initiated with Buy rating for NET Power Inc (NYSE: NPWR). On July 05, 2023, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $15, while ‘CapitalOne’ rates the stock as ‘Overweight’
In other news, MAHON JAMES, General Counsel and Secretary sold 26,126 shares of the company’s stock on Sep 13 ’23. The stock was sold for $394,975 at an average price of $15.12. Upon completion of the transaction, the General Counsel and Secretary now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’23, General Counsel and Secretary MAHON JAMES sold 5,268 shares of the business’s stock. A total of $79,215 was realized by selling the stock at an average price of $15.04. This leaves the insider owning 26,126 shares of the company worth $0.3 million. A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, NET Power Inc has had a low of $7.55 and a high of $17.62. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 53.31, and a quick ratio of 53.31. The fifty day moving average price for NPWR is $8.89 and a two-hundred day moving average price translates $11.83 for the stock.
The latest earnings results from NET Power Inc (NYSE: NPWR) was released for Dec, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.44, missing analysts’ expectations of -$0.05 by -0.39. This compares to -$2.43 EPS in the same period last year. The net profit margin was -110455.40% and return on equity was -25.21% for NPWR. The company reported revenue of $50000.0 for the quarter, compared to $0.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -78.35 percent.
NET Power Inc(NPWR) Company Profile
NET Power Inc. operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc. was founded in 2010 and is headquartered in Durham, North Carolina.
