Valaris plc (NYSE:VAL) has a beta value of 2.92 and has seen 11,061,811 shares traded in the last trading session. The company, currently valued at $144.19 Million, closed the last trade at $0.7 per share which meant it lost $0 on the day or -8.57% during that session. The VAL stock price is -1282.86% off its 52-week high price of $9.68 and 58.57% above the 52-week low of $0.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 22.28 Million shares traded. The 3-month trading volume is 22.15 Million shares.
The consensus among analysts is that Valaris plc (VAL) is a Sell stock at the moment, with a recommendation rating of 3.8. 8 analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 12 have rated it as a Hold, with no one of them advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is -$1.5.
Valaris plc (NYSE:VAL) trade information
Despite being -8.57% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jun 25 when the VAL stock price touched $0.93 or saw a rise of 24.73%. Year-to-date, Valaris plc shares have moved -89.33%, while the 5-day performance has seen it change -21.4%. Over the past 30 days, the shares of Valaris plc (NYSE:VAL) have changed 95.91%. Short interest in the company has seen 59.34 Million shares shorted with days to cover at 2.68.
Wall Street analysts have a consensus price target for the stock at $0.34, which means that the shares’ value could jump -51.43% from current levels. The projected low price target is $0.1 while the price target rests at a high of $1. In that case, then, we find that the current price level is +42.86% off the targeted high while a plunge would see the stock lose -85.71% from current levels.
Valaris plc (VAL) estimates and forecasts
Figures show that Valaris plc shares have outperformed across the wider relevant industry. The company’s shares have lost -88.1% over the past 6 months, with this year growth rate of -2.4%, compared to -12.4% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -13.6% and -0.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be -18.2%.
9 analysts offering their estimates for the company have set an average revenue estimate of $390.9 Million for the current quarter. 9 have an estimated revenue figure of $403.58 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $583.9 Million and $551.3 Million respectively for this quarter and the next, and analysts expect sales will grow by -33.1% for the current quarter and -26.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +53.1% over the past 5 years. Earnings growth for 2020 is a modest +82.1% while over the next 5 years, the company’s earnings are expected to increase by 0%.