NET Power (NYSE:NPWR) Sets New 52-Week Low – Time to Sell?

NET Power Inc. (NYSE:NPWR)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $2.28 and last traded at $2.30, with a volume of 273695 shares trading hands. The stock had previously closed at $2.50.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NPWR shares. Citigroup raised NET Power from a “neutral” rating to a “buy” rating and lowered their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays dropped their price objective on shares of NET Power from $11.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th.

NET Power Trading Down 5.1 %

The firm has a market capitalization of $466.81 million, a price-to-earnings ratio of -3.20 and a beta of 0.47. The company has a fifty day moving average price of $5.82 and a 200-day moving average price of $8.26.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Covestor Ltd bought a new position in NET Power during the fourth quarter worth about $43,000. MetLife Investment Management LLC lifted its holdings in NET Power by 129.1% during the third quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock worth $91,000 after acquiring an additional 7,281 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of NET Power in the fourth quarter worth about $108,000. National Bank of Canada FI raised its position in shares of NET Power by 2,727.0% during the fourth quarter. National Bank of Canada FI now owns 11,930 shares of the company’s stock worth $126,000 after purchasing an additional 11,508 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in shares of NET Power during the 4th quarter valued at about $137,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

NET Power 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.