Nabors Industries Ltd (NYSE:NBR) shares, rose in value on Wednesday, June 18, with the stock price down by -2.93% to the previous day’s close as strong demand from buyers drove the stock to $33.77.
Actively observing the price movement in the last trading, the stock closed the session at $34.79. Referring to stock’s 52-week performance, its high was $105.96, and the low was $23.27. On the whole, NBR has fluctuated by 23.43% over the past month.
With the market capitalization of Nabors Industries Ltd currently standing at about $530.18 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-29.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NBR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NBR currently trading nearly 13.15% and 15.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.43, while the 7-day volatility ratio is showing 2.88% which for the 30-day chart, stands at 4.52%. Furthermore, Nabors Industries Ltd (NBR)’s beta value is 1.53, and its average true range (ATR) is 2.35.
A comparison of Nabors Industries Ltd (NBR) with its peers suggests the former has fared considerably weaker in the market. NBR showed an intraday change of -2.93% in last session, and over the past year, it shrunk by -44.54%%.
Data on historical trading for Nabors Industries Ltd (NYSE:NBR) indicates that the trading volumes over the past 3 months, they’ve averaged 489.01K. According to company’s latest data on outstanding shares, there are 14.53 million shares outstanding.
Nearly 6.86% of Nabors Industries Ltd’s shares belong to company insiders and institutional investors own 121.20% of the company’s shares. The stock has fallen by -40.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NBR stock heading into the next quarter.
