Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Nabors Industries Ltd (NYSE: NBR) closed at $30.57 down -6.26%% from its previous closing price of $32.61. In other words, the price has decreased by -$6.26% from its previous closing price. On the day, 0.59 million shares were traded.
Ratios:
For a deeper understanding of Nabors Industries Ltd’s stock, let’s take a closer look at its various ratios. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 1.30.
Stock Price History:
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 4.48%, while the 200-Day Moving Average is calculated to be -42.11%.
Shares Statistics:
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.
