Nabors Industries Ltd (NYSE: NBR) is -55.52% lower on its value in year-to-date trading and has touched a low of $23.27 and a high of $105.96 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 NBR stock was last observed hovering at around $31.36 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $31.16, the stock is -0.60% and 6.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing -0.64% at the moment leaves the stock -39.29% off its SMA200. NBR registered -45.50% loss for a year compared to 6-month loss of -42.56%. The firm has a 50-day simple moving average (SMA 50) of $29.3316 and a 200-day simple moving average (SMA200) of $51.32885.
The stock witnessed a 4.32% gain in the last 1 month and extending the period to 3 months gives it a -27.26%, and is 10.61% up 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 6.71% over the week and 6.87% over the month.
Nabors Industries Ltd (NBR) has around 12400 employees, a market worth around $489.20M and $2.93B in sales. Profit margin for the company is -4.76%. Distance from 52-week low is 33.91% and -70.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.61%).
The EPS is expected to grow by 93.74% this year
266.0 institutions hold shares in Nabors Industries Ltd (NBR), with institutional investors hold 80.17% of the company’s shares. The shares outstanding are 14.53M, and float is at 8.89M with Short Float at 22.80%. Institutions hold 76.84% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.51 million shares valued at $107.76 million. The investor’s holdings represent 16.4481 of the NBR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.77 million shares valued at $55.01 million to account for 8.3964 of the shares outstanding. The other top investors are GENDELL JEFFREY L which holds 0.51 million shares representing 5.5707 and valued at over $36.5 million, while APOLLO MANAGEMENT HOLDINGS, L.P. holds 5.0059 of the shares totaling 0.46 million with a market value of $32.8 million.
