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

951

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.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.