As of Friday close, Valaris Limited’s (NYSE:VAL) stock was up $0.84, moving up 1.13 percent to $74.92. The average number of shares traded per day over the past five days has been 938,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.42 fall in that time frame. In the last twenty days, the average volume was 1,118,210, while in the previous 50 days, it was 983,920.
Since last month, VAL stock rose 2.59%. Shares of the company fell to $69.52 on 08/08/23, the lowest level in the past month. A 52-week high of $80.00 was reached on 02/14/23 after having rallying from a 52-week low of $46.54. Since the beginning of this year, VAL’s stock price has risen by 10.80% or $7.30, and marked a new high 12 times. However, the stock has declined by -6.35% since its 52-week high.
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Sponsored
VAL stock investors should be aware that Valaris Limited (VAL) stock had its last reported insider trading activity 10 days ago on Aug 09. Grable Colleen, the VP – Controller of the company, disposed of 5,034 shares for $75.00 on Aug 09. It resulted in a $377,550 divestment by the insider. OAK HILL ADVISORS LP sold 4,200,000 shares at an average price of $73.10 on Aug 07. The insider now owns 4,766,016 shares following the transaction. On Mar 09, 10% Owner OAK HILL ADVISORS LP sold 18,923 shares at $71.65 apiece. The transaction was valued at $1,355,871.
Valuation Metrics
Right now, Valaris Limited (VAL) has a P/E ratio of about 21.68. The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 3.13, the price-to-book (PB) ratio of 4.20.
Financial Health
In the three months ended June 29, Valaris Limited’s quick ratio stood at 2.40, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.40, and the total debt-to-equity ratio was 0.40. In the year ended June 29, EBITDA margin amounted to 8.64%, whereas operating margins totaled 2.00%. Based on annual data, VAL earned $219.3 million in gross profit and brought in $1.6 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.50%. Return on equity (ROE) for the past 12 months was 14.20%.
In Valaris Limited’s quarter-end financial report for June 29, it reported total debt of $542.8 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VAL’s revenue rose 5.93% to $544.1 million during the quarter, while net income inched up to $430.1 million. While analysts expected Valaris Limited to report -$0.32 quarterly earnings, the actual figure was -$0.39 per share, beating the consensus estimate by -21.90%. During the quarter, the company generated $18.8 million in EBITDA. The liabilities of Valaris Limited were 1.82 billion at the end of its most recent quarter ended June 29, and its total debt was $693.2 million. The value of shareholders’ equity is $73.99 million.
Technical Picture
This quick technical analysis looks at Valaris Limited’s (VAL) price momentum. With a historical volatility rate of 26.82%, the RSI 9-day stood at 55.93% on 18 August.
With respect to its five-day moving average, the current Valaris Limited price is down by -0.56% percent or -$0.42. At present, VAL shares trade +1.24% above its 20-day simple moving average and +14.66% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.82% above its SMA50 and +11.94% above its SMA200.
Stochastic coefficient K was 57.27% and Stochastic coefficient D was 53.07%, while ATR was 2.39. Given the Stochastic reading of 67.33% for the 14-day period, the RSI (14) reading has been calculated as 57.93%. As of today, the MACD Oscillator reading stands at 0.13, while the 14-day reading stands at -0.50.
Analyst Ratings
Citigroup launched its rating on Valaris Limited (NYSE: VAL) to a Buy in a note to investors on July 05, 2023. Valaris Limited (VAL) has been rated Buy by analysts. According to 0 brokerage firms, VAL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Valaris Limited stock as buy, with 11 recommending it as overweight.
With a median target price of $105.00, the current consensus forecast for the stock is $84.00 – $113.00. Based on these forecasts, analysts predict Valaris Limited (VAL) will achieve an average price target of $100.18.
