Burford Capital Limited (BUR) Shares Soar Above 1-Year High

The stock price of Burford Capital Limited (NYSE: BUR) has surged by 0.30 when compared to previous closing price of 13.47, but the company has seen a 0.90% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-23 that NEW YORK, Aug. 23, 2024 /PRNewswire/ — Burford Capital Limited (“Burford” or the “Company”), the leading global finance and asset management firm focused on law, is pleased to announce that all of the resolutions proposed at its extraordinary general meeting (the “EGM”) held on August 20, 2024 were approved by shareholders. The votes received are detailed below: Total votes for Total votes against Total votes withheld Ordinary resolutions 1.

Is It Worth Investing in Burford Capital Limited (NYSE: BUR) Right Now?

The price-to-earnings ratio for Burford Capital Limited (NYSE: BUR) is above average at 7.60x, Company’s 36-month beta value is 1.29.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for BUR is 187.87M, and currently, short sellers hold a 3.96% ratio of that floaft. The average trading volume of BUR on September 02, 2024 was 1.37M shares.

BUR’s Market Performance

The stock of Burford Capital Limited (BUR) has seen a 0.90% increase in the past week, with a -0.52% drop in the past month, and a -6.44% fall in the past quarter. The volatility ratio for the week is 2.04%, and the volatility levels for the past 30 days are at 2.51% for BUR. The simple moving average for the past 20 days is 3.54% for BUR’s stock, with a -5.46% simple moving average for the past 200 days.

Analysts’ Opinion of BUR

B. Riley Securities, on the other hand, stated in their research note that they expect to see BUR reach a price target of $15. The rating they have provided for BUR stocks is “Buy” according to the report published on May 13th, 2022.

Wedbush gave a rating of “Outperform” to BUR, setting the target price at $15 in the report published on June 04th of the previous year.

BUR Trading at 1.86% from the 50-Day Moving Average

After a stumble in the market that brought BUR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.67% of loss for the given period.

Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares surge +3.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.12% upper at present.

During the last 5 trading sessions, BUR rose by +0.90%, which changed the moving average for the period of 200-days by -1.10% in comparison to the 20-day moving average, which settled at $13.07. In addition, Burford Capital Limited saw -13.40% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for BUR

Current profitability levels for the company are sitting at:

  • 0.72 for the present operating margin
  • 0.85 for the gross margin

The net margin for Burford Capital Limited stands at 0.49. The total capital return value is set at 0.1. Equity return is now at value 18.68, with 7.02 for asset returns.

Based on Burford Capital Limited (BUR), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 4.91.

Currently, EBITDA for the company is 725.05 million with net debt to EBITDA at 2.57. When we switch over and look at the enterprise to sales, we see a ratio of 5.38. The receivables turnover for the company is 4.05for trailing twelve months and the total asset turnover is 0.13.

Conclusion

In a nutshell, Burford Capital Limited (BUR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.

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