Burford Capital Limited (NYSE:BUR) finished Thursday with a subtraction of -$0.45 to close at $13.93, a downside of -3.13 percent. An average of 706,869 shares of common stock have been traded in the last five days. There was a gain of $0.14 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 582,002 shares traded, while the 50-day average volume stands at 541,663.
BUR stock has increased by 14.46% in the last month. The company shares reached their 1-month lowest point of $11.83 on 07/12/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $6.09 and a high of $14.50 in 52 weeks. It has reached a new high 21 times so far this year and achieved 70.92% or $5.80 in price. In spite of this, the price is down -3.93% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Burford Capital Limited (BUR) has a trailing price-to-earnings (P/E) ratio of 13.14. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 12.30, the price-to-book (PB) ratio at 1.53.
Financial Health
Its gross profit as reported stood at $124.27 million compared to revenue of $319.23 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Burford Capital Limited (BUR) price momentum. RSI 9-day as of the close on 10 August was 60.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.00%.
As of today, BUR’s price is $13.91 +1.01% or $0.14 from its 5-day moving average. BUR is currently trading +16.74% higher than its 20-day SMA and +110.09% higher than its 100-day SMA. However, the stock’s current price level is +5.20% above the SMA50 and +80.00% above the SMA200.
The stochastic %K and %D were 78.66% and 81.35%, respectively, and the average true range (ATR) was 0.48. With the 14-day stochastic at 66.46% and the average true range at 0.45, the RSI (14) stands at 60.61%. The stock has reached 0.16 on the 9-day MACD Oscillator while the 14-day reading was at 0.35.
Analyst Ratings
The consensus rating for Burford Capital Limited (BUR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BUR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is BUR’s price target for the next 12 months?
Analysts predict a range of price targets between $15.43 and $22.50, with a median target of $17.97. Taking a look at these predictions, the average price target given by analysts for Burford Capital Limited (BUR) stock is $18.18.
