Valaris Ltd [NYSE: VAL] traded at a high on Wednesday, posting a 1.70 gain after which it closed the day’ session at $47.20.
The results of the trading session contributed to over 3335554 shares changing hands. Over the past one week, the price volatility of Valaris Ltd stands at 4.17% while the volatility over the past one month is 3.78%.
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The market cap for VAL stock reached $3.36 billion, with 72.40 million shares outstanding and 64.71 million shares in the current float. Compared to the average trading volume of 1.36M shares, VAL reached a trading volume of 3335554 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Valaris Ltd [VAL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VAL shares is $70.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VAL stock is a recommendation set at 1.64. 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.
The Benchmark Company have made an estimate for Valaris Ltd shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 15, 2024. While these analysts kept the previous recommendation, Susquehanna raised their target price to Neutral. The new note on the price target was released on September 24, 2024, representing the official price target for Valaris Ltd stock.
The Average True Range (ATR) for Valaris Ltd is set at 1.97, with the Price to Sales ratio for VAL stock in the period of the last 12 months amounting to 1.48. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 5.51.
How has VAL stock performed recently?
Valaris Ltd [VAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.65. With this latest performance, VAL shares dropped by -6.26% in over the last four-week period, additionally sinking by -37.24% over the last 6 months – not to mention a drop of -29.74% 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 VAL stock in for the last two-week period is set at 39.64, with the RSI for the last a single of trading hit 38.22, and the three-weeks RSI is set at 39.95 for Valaris Ltd [VAL]. The present Moving Average for the last 50 days of trading for this stock 52.22, while it was recorded at 48.21 for the last single week of trading, and 65.45 for the last 200 days.
Valaris Ltd [VAL]: Deeper insight into the fundamentals
Valaris Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.54 and a Current Ratio set at 1.54.
Insider trade positions for Valaris Ltd [VAL]
There are presently around $97.49%, or 107.04%% of VAL stock, in the hands of institutional investors. The top three institutional holders of VAL stocks are: BLACKROCK INC. with ownership of 7.41 million shares, which is approximately 10.2386%. VANGUARD GROUP INC, holding 6.36 million shares of the stock with an approximate value of $$473.97 million in VAL stocks shares; and VANGUARD GROUP INC, currently with $$433.39 million in VAL stock with ownership which is approximately 8.0349%.
