Valaris Limited (NYSE: VAL)’s stock price has decreased by -6.22 compared to its previous closing price of 65.76. Nevertheless, the company has seen a -13.48% plunge in its stock price over the last five trading sessions.
Is It Worth Investing in Valaris Limited (NYSE: VAL) Right Now?
Valaris Limited (NYSE: VAL) has a price-to-earnings ratio that is above its average at 26.48x. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price predicted for Valaris Limited (VAL) by analysts is $94.50, which is $29.19 above the current market price. The public float for VAL is 69.63M, and at present, short sellers hold a 5.75% of that float. On March 16, 2023, the average trading volume of VAL was 837.15K shares.
VAL’s Market Performance
VAL’s stock has seen a -13.48% decrease for the week, with a -21.84% drop in the past month and a 3.70% gain in the past quarter. The volatility ratio for the week is 6.33%, and the volatility levels for the past 30 days are at 4.81% for Valaris Limited The simple moving average for the last 20 days is -11.95% for VAL stock, with a simple moving average of 4.75% for the last 200 days.
Analysts’ Opinion of VAL
Many brokerage firms have already submitted their reports for VAL stocks, with The Benchmark Company repeating the rating for VAL by listing it as a “Buy.” The predicted price for VAL in the upcoming period, according to The Benchmark Company is $95 based on the research report published on January 19th of the current year 2023.
Evercore ISI, on the other hand, stated in their research note that they expect to see VAL reach a price target of $72. The rating they have provided for VAL stocks is “Outperform” according to the report published on February 08th, 2022.
BTIG Research gave a rating of “Buy” to VAL, setting the target price at $60 in the report published on February 02nd of the previous year.
VAL Trading at -13.52% from the 50-Day Moving Average
After a stumble in the market that brought VAL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.91% of loss for the given period.
Volatility was left at 4.81%, however, over the last 30 days, the volatility rate increased by 6.33%, as shares sank -21.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.80% lower at present.
During the last 5 trading sessions, VAL fell by -13.48%, which changed the moving average for the period of 200-days by +2.90% in comparison to the 20-day moving average, which settled at $69.18. In addition, Valaris Limited saw -8.80% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VAL starting from OAK HILL ADVISORS LP, who sale 18,923 shares at the price of $71.65 back on Mar 09. After this action, OAK HILL ADVISORS LP now owns 8,966,016 shares of Valaris Limited, valued at $1,355,871 using the latest closing price.
OAK HILL ADVISORS LP, the 10% Owner of Valaris Limited, sale 258,879 shares at $71.65 during a trade that took place back on Mar 08, which means that OAK HILL ADVISORS LP is holding 8,984,939 shares at $18,548,836 based on the most recent closing price.
Stock Fundamentals for VAL
Equity return is now at value 4.20, with 1.70 for asset returns.
Conclusion
To sum up, Valaris Limited (VAL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
