Nabors Industries Ltd [NBR] stock is trading at $62.24, down -2.90%. An important factor to consider is whether the stock is rising or falling in short-term value. The NBR shares have gain 8.87% over the last week, with a monthly amount drifted -6.64%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nabors Industries Ltd [NYSE: NBR] stock has seen the most recent analyst activity on September 13, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $75 from $110. Previously, The Benchmark Company downgraded its rating to Hold on January 16, 2024. On October 17, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $175 on the stock. The Benchmark Company upgraded its rating to a Buy. Barclays downgraded its rating to a Equal Weight and reduced its price target to $150 on May 09, 2023. Morgan Stanley upgraded its rating to Equal-Weight for this stock on April 18, 2023, and downed its price target to $165. In a note dated January 19, 2023, The Benchmark Company initiated an Hold rating.
Nabors Industries Ltd [NBR] stock has fluctuated between $50.15 and $105.96 over the past year. Currently, Wall Street analysts expect the stock to reach $95 within the next 12 months. Nabors Industries Ltd [NYSE: NBR] shares were valued at $62.24 at the most recent close of the market. An investor can expect a potential return of 52.63% based on the average NBR price forecast.
Analyzing the NBR fundamentals
Nabors Industries Ltd [NYSE:NBR] reported sales of 2.93B for the trailing twelve months, which represents a drop of -0.30%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.58 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of13.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 61.15 points at the first support level, and at 60.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.33, and for the 2nd resistance point, it is at 64.41.
Ratios To Look Out For
For context, Nabors Industries Ltd’s Current Ratio is 1.88. On the other hand, the Quick Ratio is 1.63, and the Cash Ratio is 0.79. Considering the valuation of this stock, the price to sales ratio is 0.17, the price to book ratio is 3.11.
