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The price of Nabors Industries Ltd (NYSE: NBR) closed at $33.77 in the last session, down -2.93% from day before closing price of $34.79. In other words, the price has decreased by -$2.93 from its previous closing price. On the day, 0.36 million shares were traded. NBR stock price reached its highest trading level at $35.67 during the session, while it also had its lowest trading level at $33.57.
Ratios:
We take a closer look at NBR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 7.87 whereas as Long-Term Debt/Eq ratio is at 7.84.
On September 13, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $110 to $75.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NBR now has a Market Capitalization of 546189248 and an Enterprise Value of 3887738880. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 1.326 whereas that against EBITDA is 4.486.
Stock Price History:
The Beta on a monthly basis for NBR is 1.53, which has changed by -0.495443 over the last 52 weeks, in comparison to a change of 0.092761636 over the same period for the S&P500. Over the past 52 weeks, NBR has reached a high of $105.96, while it has fallen to a 52-week low of $23.27. The 50-Day Moving Average of the stock is 15.66%, while the 200-Day Moving Average is calculated to be -36.55%.
Shares Statistics:
According to the various share statistics, NBR traded on average about 489.01K shares per day over the past 3-months and 486220 shares per day over the past 10 days. A total of 14.53M shares are outstanding, with a floating share count of 8.89M. Insiders hold about 6.86% of the company’s shares, while institutions hold 121.20% stake in the company. Shares short for NBR as of 1748563200 were 1873481 with a Short Ratio of 3.83, compared to 1745971200 on 1506250. Therefore, it implies a Short% of Shares Outstanding of 1873481 and a Short% of Float of 14.330000000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 3.99.
