JPMorgan Chase & Co. Sells 164,020 Shares of Expro Group Holdings N.V. $XPRO
JPMorgan Chase & Co. significantly reduced its stake in Expro Group Holdings N.V. by selling 164,020 shares in Q3, now holding 42,730 shares valued at $508,000. This comes as Expro Group reported mixed quarterly results, with EPS meeting estimates but revenue missing forecasts and declining year-over-year. Analysts have a consensus "Hold" rating for Expro Group, with an average target price of $15.25 compared to its current trading price near $17.08.
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Expro N : Supports Emerging European Geothermal and Lithium Market with New Lithium de France Contract
Expro has secured a contract with Lithium de France to provide Tubular Running Services for new geothermal and direct lithium extraction wells in the Alsace region of France. This partnership supports the development of environmentally friendly lithium production crucial for electric vehicle batteries and energy storage, aligning with Europe's clean energy goals. The project highlights Expro's evolving expertise in energy transition and responsible resource development.
MAR 21·Intellectia AI→
XPRO PE Ratio & Valuation, Is XPRO Overvalued
Expro Group Holdings NV (XPRO) is currently considered undervalued based on its forward P/S ratio of 0.97 compared to its five-year average of 33.10. The fair price for XPRO is estimated to be between $18.86 and $26.62, significantly above its current price of $16.75, indicating it is undervalued by 11.19%. Despite its robust revenue growth, its P/S ratio of 0.97 is 44.59% above the industry average, which is deemed unsustainable.
