Civeo Corp (NYSE: CVEO) has a higher price-to-earnings ratio of 10.97x compared to its average ratio, The 36-month beta value for CVEO is at 2.20. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CVEO is 13.40M, and currently, shorts hold a 0.19% of that float. The average trading volume for CVEO on April 30, 2024 was 65.23K shares.
CVEO) stock’s latest price update
Civeo Corp (NYSE: CVEO)’s stock price has dropped by -7.72 in relation to previous closing price of 25.00. Nevertheless, the company has seen a loss of -10.44% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-26 that Although the revenue and EPS for Civeo (CVEO) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CVEO’s Market Performance
Civeo Corp (CVEO) has experienced a -10.44% fall in stock performance for the past week, with a -14.08% drop in the past month, and a 0.39% rise in the past quarter. The volatility ratio for the week is 5.71%, and the volatility levels for the past 30 days are at 3.43% for CVEO. The simple moving average for the past 20 days is -12.09% for CVEO’s stock, with a 5.02% simple moving average for the past 200 days.
Analysts’ Opinion of CVEO
Many brokerage firms have already submitted their reports for CVEO stocks, with RBC Capital Mkts repeating the rating for CVEO by listing it as a “Sector Perform.” The predicted price for CVEO in the upcoming period, according to RBC Capital Mkts is $3.50 based on the research report published on April 10, 2017 of the previous year 2017.
Scotia Howard Weil, on the other hand, stated in their research note that they expect to see CVEO reach a price target of $3, previously predicting the price at $4. The rating they have provided for CVEO stocks is “Sector Outperform” according to the report published on July 13th, 2016.
Scotia Howard Weil gave a rating of “Focus Stock” to CVEO, setting the target price at $4 in the report published on June 22nd of the previous year.
CVEO Trading at -7.88% from the 50-Day Moving Average
After a stumble in the market that brought CVEO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.62% of loss for the given period.
Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 5.71%, as shares sank -14.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.85% upper at present.
During the last 5 trading sessions, CVEO fell by -10.44%, which changed the moving average for the period of 200-days by +16.10% in comparison to the 20-day moving average, which settled at $26.05. In addition, Civeo Corp saw 0.96% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CVEO
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.2 for the gross margin
The net margin for Civeo Corp stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 10.71, with 5.90 for asset returns.
Based on Civeo Corp (CVEO), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 1.18. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 3.7.
Currently, EBITDA for the company is 97.91 million with net debt to EBITDA at 0.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.59. The receivables turnover for the company is 5.32for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In conclusion, Civeo Corp (CVEO) has had a mixed 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.
