As of close of business last night, Valaris Ltd’s stock clocked out at $72.73, down -0.01% from its previous closing price of $72.74. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 681695 shares were traded. VAL stock price reached its highest trading level at $73.65 during the session, while it also had its lowest trading level at $71.52.
Ratios:
To gain a deeper understanding of VAL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.57.
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 this company, CapitalOne on November 28, 2023, initiated with a Overweight rating and assigned the stock a target price of $100.
On November 09, 2023, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $84 to $106.
On July 05, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $85.Citigroup initiated its Buy rating on July 05, 2023, with a $85 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 09 ’23 when Grable Colleen sold 5,034 shares for $75.00 per share. The transaction valued at 377,550 led to the insider holds 15,074 shares of the business.
OAK HILL ADVISORS LP sold 4,200,000 shares of VAL for $307,020,000 on Aug 07 ’23. The 10% Owner now owns 4,766,016 shares after completing the transaction at $73.10 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VAL now has a Market Capitalization of 5.27B and an Enterprise Value of 5.80B. As of this moment, Valaris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.22, and their Forward P/E ratio for the next fiscal year is 7.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.95 while its Price-to-Book (P/B) ratio in mrq is 2.65. Its current Enterprise Value per Revenue stands at 3.25 whereas that against EBITDA is 22.82.
Stock Price History:
Over the past 52 weeks, VAL has reached a high of $78.92, while it has fallen to a 52-week low of $54.13. The 50-Day Moving Average of the stock is 68.14, while the 200-Day Moving Average is calculated to be 69.60.
Shares Statistics:
It appears that VAL traded 952.32K shares on average per day over the past three months and 902.57k shares per day over the past ten days. A total of 72.40M shares are outstanding, with a floating share count of 66.17M. Insiders hold about 8.62% of the company’s shares, while institutions hold 89.14% stake in the company. Shares short for VAL as of Mar 15, 2024 were 4.2M with a Short Ratio of 4.35, compared to 3.49M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.80% and a Short% of Float of 6.63%.
