Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Nabors Industries Ltd (NYSE: NBR) closed at $53.77 down -1.86% from its previous closing price of $54.79. In other words, the price has decreased by -$1.86 from its previous closing price. On the day, 0.63 million shares were traded. NBR stock price reached its highest trading level at $56.21 during the session, while it also had its lowest trading level at $53.64.
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 0.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.43. 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 513386272 and an Enterprise Value of 3605966336. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 2.68. Its current Enterprise Value per Revenue stands at 1.232 whereas that against EBITDA is 4.048.
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 $54.42. The 50-Day Moving Average of the stock is -25.66%, while the 200-Day Moving Average is calculated to be -29.07%.
Shares Statistics:
For the past three months, NBR has traded an average of 362.17K shares per day and 385450 over the past ten days. 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 3.86, 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.
