Burford Capital Limited (NYSE:BUR) shares, rose in value on Friday, November 22, with the stock price up by 0.51% to the previous day’s close as strong demand from buyers drove the stock to $13.80.
Actively observing the price movement in the last trading, the stock closed the session at $13.73, falling within a range of $13.68 and $13.93. The value of beta (5-year monthly) was 0.893 whereas the PE ratio was 11.89 over 12-month period. Referring to stock’s 52-week performance, its high was $16.77, and the low was $12.07. On the whole, BUR has fluctuated by 0.07% over the past month.
With the market capitalization of Burford Capital Limited currently standing at about $2.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 0.91%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 632.5M, with a low estimate of 216M and a high estimate of 216M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 216M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BUR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of BUR currently trading nearly 1.33% and 2.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.57, while the 7-day volatility ratio is showing 2.41% which for the 30-day chart, stands at 2.71%. Furthermore, Burford Capital Limited (BUR)’s beta value is 1.27, and its average true range (ATR) is 0.37.
A comparison of Burford Capital Limited (BUR) with its peers suggests the former has fared considerably weaker in the market. BUR showed an intraday change of 0.51% in last session, and over the past year, it shrunk by -4.30%%.
Data on historical trading for Burford Capital Limited (NYSE:BUR) indicates that the trading volumes over the past 10 days have averaged 0.78 and over the past 3 months, they’ve averaged 585.31K. According to company’s latest data on outstanding shares, there are 218.96 million shares outstanding.
Nearly 14.23% of Burford Capital Limited’s shares belong to company insiders and institutional investors own 58.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.67 million shares as on 2024-10-31, resulting in a short ratio of 16.56. According to the data, the short interest in Burford Capital Limited (BUR) stood at 384.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 5.98 million. The stock has fallen by -11.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BUR stock heading into the next quarter.
