While Nabors Industries Ltd has underperformed by -2.90%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NBR fell by -21.17%, with highs and lows ranging from $105.96 to $50.15, whereas the simple moving average fell by -16.09% in the last 200 days.
On September 13, 2024, Citigroup Downgraded Nabors Industries Ltd (NYSE: NBR) to Neutral. A report published by The Benchmark Company on January 16, 2024, Downgraded its rating to ‘Hold’ for NBR. Morgan Stanley also Upgraded NBR shares as ‘Overweight’, setting a target price of $175 on the company’s shares in a report dated October 17, 2023. Barclays May 09, 2023d its ‘Overweight’ rating to ‘Equal Weight’ for NBR, as published in its report on May 09, 2023. Morgan Stanley’s report from April 18, 2023 suggests a price prediction of $165 for NBR shares, giving the stock a ‘Equal-Weight’ rating. The Benchmark Company also rated the stock as ‘Hold’.
Analysis of Nabors Industries Ltd (NBR)
Further, the quarter-over-quarter decrease in sales is -0.30%, showing a negative trend in the upcoming months.
Nabors Industries Ltd’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -59.69% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.63, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and NBR has an average volume of 339.80K. On a monthly basis, the volatility of the stock is set at 5.33%, whereas on a weekly basis, it is put at 4.20%, with a gain of 8.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $87.22, showing growth from the present price of $62.24, which can serve as yet another indication of whether NBR is worth investing in or should be passed over.
How Do You Analyze Nabors Industries Ltd Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NBR shares are owned by institutional investors to the tune of 77.60% at present.
