Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Nabors Industries Ltd (NYSE: NBR) closed at $76.24 down -4.85% from its previous closing price of $80.13. In other words, the price has decreased by -$4.85 from its previous closing price. On the day, 0.56 million shares were traded. NBR stock price reached its highest trading level at $82.84 during the session, while it also had its lowest trading level at $74.11.
Ratios:
For a deeper understanding of Nabors Industries Ltd’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.44. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 8.77 whereas as Long-Term Debt/Eq ratio is at 8.77.
On October 17, 2023, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $160 to $175.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 05 ’23 when Kotts John P sold 4,975 shares for $125.13 per share. The transaction valued at 622,527 led to the insider holds 4,787 shares of the business.
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 722149056 and an Enterprise Value of 3773278208. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 1.274 whereas that against EBITDA is 4.192.
Stock Price History:
Over the past 52 weeks, NBR has reached a high of $141.47, while it has fallen to a 52-week low of $71.42. The 50-Day Moving Average of the stock is -8.21%, while the 200-Day Moving Average is calculated to be -21.51%.
Shares Statistics:
For the past three months, NBR has traded an average of 244.84K shares per day and 294140 over the past ten days. A total of 9.39M shares are outstanding, with a floating share count of 8.72M. Insiders hold about 7.90% of the company’s shares, while institutions hold 81.31% stake in the company. Shares short for NBR as of 1713139200 were 1029580 with a Short Ratio of 4.21, compared to 1710460800 on 847293. Therefore, it implies a Short% of Shares Outstanding of 1029580 and a Short% of Float of 14.09.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.99.
