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.
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.
