The stock of SLB (SLB) has gone down by -0.84% for the week, with a -11.87% drop in the past month and a -7.99% drop in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are 2.75% for SLB. The simple moving average for the last 20 days is -4.55% for SLB stock, with a simple moving average of -0.75% for the last 200 days.
Is It Worth Investing in SLB (NYSE: SLB) Right Now?
SLB (NYSE: SLB) has a higher price-to-earnings ratio of 18.35x compared to its average ratio, and the 36-month beta value for SLB is at 1.72. Analysts have varying views on the stock, with 23 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for SLB is $70.00, which is $17.15 above the current market price. The public float for SLB is 1.43B, and currently, shorts hold a 1.36% of that float. The average trading volume for SLB on November 20, 2023 was 8.06M shares.
SLB) stock’s latest price update
The stock price of SLB (NYSE: SLB) has surged by 1.42 when compared to previous closing price of 52.11, but the company has seen a -0.84% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-17 that Recently, Zacks.com users have been paying close attention to Schlumberger (SLB). This makes it worthwhile to examine what the stock has in store.
Analysts’ Opinion of SLB
Many brokerage firms have already submitted their reports for SLB stocks, with Societe Generale repeating the rating for SLB by listing it as a “Buy.” The predicted price for SLB in the upcoming period, according to Societe Generale is $81 based on the research report published on October 09, 2023 of the current year 2023.
SLB Trading at -8.51% from the 50-Day Moving Average
After a stumble in the market that brought SLB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.92% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares sank -9.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.17% lower at present.
During the last 5 trading sessions, SLB fell by -0.84%, which changed the moving average for the period of 200-days by +1.07% in comparison to the 20-day moving average, which settled at $55.10. In addition, SLB saw -1.14% 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 SLB starting from Biguet Stephane, who sale 6,250 shares at the price of $56.32 back on Oct 30. After this action, Biguet Stephane now owns 176,015 shares of SLB, valued at $352,000 using the latest closing price.
de La Chevardiere Patrick, the Director of SLB, sale 500 shares at $57.76 during a trade that took place back on Oct 24, which means that de La Chevardiere Patrick is holding 28,810 shares at $28,880 based on the most recent closing price.
Stock Fundamentals for SLB
Current profitability levels for the company are sitting at:
- +15.90 for the present operating margin
- +19.48 for the gross margin
The net margin for SLB stands at +12.21. The total capital return value is set at 14.59, while invested capital returns managed to touch 11.88. Equity return is now at value 22.71, with 9.24 for asset returns.
Based on SLB (SLB), the company’s capital structure generated 73.08 points at debt to equity in total, while total debt to capital is 42.22. Total debt to assets is 29.96, with long-term debt to equity ratio resting at 62.95. Finally, the long-term debt to capital ratio is 36.37.
When we switch over and look at the enterprise to sales, we see a ratio of 2.67, with the company’s debt to enterprise value settled at 0.15. The receivables turnover for the company is 4.56 and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
In conclusion, SLB (SLB) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
