Valaris Ltd (NYSE: VAL) is -16.05% lower on its value in year-to-date trading and has touched a low of $38.50 and a high of $84.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VAL stock was last observed hovering at around $38.62 in the last trading session, with the day’s loss setting it -1.48%.
Currently trading at $37.14, the stock is -17.50% and -17.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.73 million and changing -3.83% at the moment leaves the stock -35.83% off its SMA200. VAL registered -44.69% loss for a year compared to 6-month loss of -41.23%.
The stock witnessed a -23.55% gain in the last 1 month and extending the period to 3 months gives it a -22.12%, and is -13.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.67% over the week and 4.65% over the month.
Valaris Ltd (VAL) has around 5642 employees, a market worth around $2.64B and $2.36B in sales. Current P/E ratio is 7.25 and Fwd P/E is 6.25. Profit margin for the company is 15.80%. Distance from 52-week low is -3.53% and -55.89% from its 52-week high. The company has generated returns on investments over the last 12 months (11.05%).
The EPS is expected to shrink by -21.48% this year
The shares outstanding are 71.00M, and float is at 63.76M with Short Float at 15.03%.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.41 million shares valued at $$552.25 million. The investor’s holdings represent 10.2386 of the VAL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.36 million shares valued at $$473.97 million to account for 8.7872 of the shares outstanding. The other top investors are ORBIS ALLAN GRAY LTD which holds 5.82 million shares representing 8.0349 and valued at over $$433.39 million, while FMR LLC holds 6.901 of the shares totaling 5.0 million with a market value of $$372.23 million.
Valaris Ltd (VAL) Insider Activity
The most recent transaction is an insider sale by Weber Christopher T, the company’s SVP – CFO. SEC filings show that Weber Christopher T sold 4,000 shares of the company’s common stock on Nov 05 ’24 at a price of $49.50 per share for a total of $0.2 million. Following the sale, the insider now owns 52236.0 shares.
Still, SEC filings show that on Sep 30 ’24, Lyne Matthew (SVP – CCO) disposed off 26,000 shares at an average price of $55.77 for $1.45 million. The insider now directly holds 24,388 shares of Valaris Ltd (VAL).
