Does Approach Resources Inc. (NASDAQ:AREX) look healthy?


How is Approach Resources, Inc. (NASDAQ:AREX) managing its costs and how are those impacting profitability? A look at the firm’s financial scorecard for the previous fiscal year demonstrated it posted gross margin of 73.80% and operating margin of -28.50%.

The Barchart Technical Opinion rating is a 40% Buy with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Weak.

Recently, Approach Resources, Inc. (NASDAQ:AREX) announced that Approach Resources, Inc. to book EPS of $-2.93. In respect of short-term earnings prospect, EPS for the current year is projected to move 70.70% from previous year’s EPS, and the imminent year?s EPS is predicted to grow 24.20%.

The long-term financial earnings outlook implies EPS will grow -47.90% over the imminent five years compared to 4.00% growth for the preceding five years.

For the topline, sales surged -3.60% in the previous five years.

For the recent quarter, the firm’s P/B and P/Cash were 0.36 and 2470.80, respectively.

In respect to stock movements, shares of Approach Resources, Inc. have hit 52-week high of $-34.71% and 52-week low of $110.37%. Over the previous 50 days, the stock has made a high of $-8.39% and a low of $45.64%.

As for the averages, Approach Resources, Inc. shows 20-Day Simple Moving Average of $6.73%, 50-Day Simple Moving Average of $10.77% and 200-Day Simple Moving Average of $-3.10%.

The stock?s average volume is 949.87K while its relative volume is 1.26.

Though stock is hovering around $2.84, analysts on the average expect it that it will be at $3.34 in the imminent 12 months. The equity’s weekly volatility is 13.87% while its monthly volatility is 8.97%. Its Average True Range is cited at 0.24.