Burford Capital Limited [NYSE: BUR] traded at a high on Friday, posting a 1.40 gain after which it closed the day’ session at $13.05.
The results of the trading session contributed to over 29729377 shares changing hands. Over the past one week, the price volatility of Burford Capital Limited stands at 4.08% while the volatility over the past one month is 3.04%.
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The market cap for BUR stock reached $2.86 billion, with 218.96 million shares outstanding and 187.82 million shares in the current float. Compared to the average trading volume of 1.13M shares, BUR reached a trading volume of 29729377 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Burford Capital Limited [BUR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BUR shares is $19.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BUR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Berenberg have made an estimate for Burford Capital Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 22, 2023. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on May 13, 2022, representing the official price target for Burford Capital Limited stock. Previously, the target price had yet another raise to $15, while Wedbush analysts kept a Outperform rating on BUR stock.
The Average True Range (ATR) for Burford Capital Limited is set at 0.45, with the Price to Sales ratio for BUR stock in the period of the last 12 months amounting to 3.87. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 2.67.
How has BUR stock performed recently?
Burford Capital Limited [BUR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.84. With this latest performance, BUR shares dropped by -6.45% in over the last four-week period, additionally sinking by -18.39% over the last 6 months – not to mention a rise of 9.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BUR stock in for the last two-week period is set at 38.06, with the RSI for the last a single of trading hit 38.29, and the three-weeks RSI is set at 39.14 for Burford Capital Limited [BUR]. The present Moving Average for the last 50 days of trading for this stock 14.41, while it was recorded at 12.94 for the last single week of trading, and 14.31 for the last 200 days.
Insider trade positions for Burford Capital Limited [BUR]
The top three institutional holders of BUR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BUR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BUR stock with ownership which is approximately 5.8386%.
