Closing Figures Unveiled: Nabors Industries Ltd (NBR) Drop -6.23, Closes at 56.12

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Nabors Industries Ltd (NYSE: NBR) closed the day trading at $56.12 down -6.23% from the previous closing price of $59.85. In other words, the price has decreased by -$6.23 from its previous closing price. On the day, 0.5 million shares were traded. NBR stock price reached its highest trading level at $61.37 during the session, while it also had its lowest trading level at $55.45.

Ratios:

For a better understanding of NBR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.65. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 1.88. In the meantime, Its Debt-to-Equity ratio is 13.11 whereas as Long-Term Debt/Eq ratio is at 13.08.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on September 13, 2024, Downgraded its rating to Neutral and sets its target price to $75 from $110 previously.

Morgan Stanley Upgraded its Equal-Weight to Overweight on October 17, 2023, whereas the target price for the stock was revised from $160 to $175.

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 535823648 and an Enterprise Value of 3628403968. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15 while its Price-to-Book (P/B) ratio in mrq is 2.80. Its current Enterprise Value per Revenue stands at 1.24 whereas that against EBITDA is 4.073.

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 $58.00. The 50-Day Moving Average of the stock is -23.31%, while the 200-Day Moving Average is calculated to be -26.25%.

Shares Statistics:

Over the past 3-months, NBR traded about 358.02K shares per day on average, while over the past 10 days, NBR traded about 325410 shares per day. A total of 9.55M shares are outstanding, with a floating share count of 8.52M. Insiders hold about 10.66% of the company’s shares, while institutions hold 77.59% stake in the company. Shares short for NBR as of 1732838400 were 1399199 with a Short Ratio of 3.91, compared to 1730332800 on 1675729. Therefore, it implies a Short% of Shares Outstanding of 1399199 and a Short% of Float of 18.63.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 3.99.

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