Valaris plc (NYSE:VAL) has a beta value of 3.03 and has seen 3,336,736 shares traded in the last trading session. The company, currently valued at $130.33 Million, closed the last trade at $0.63 per share which meant it lost -$0.02 on the day or -2.95% during that session. The VAL stock price is -1222.22% off its 52-week high price of $8.33 and 53.97% 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 7.82 Million shares traded. The 3-month trading volume is 21.08 Million shares.
The consensus among analysts is that Valaris plc (VAL) is an Underweight stock at the moment, with a recommendation rating of 3.8. 7 analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 11 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 -$1.51.
Valaris plc (NYSE:VAL) trade information
Despite being -2.95% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jul 21 when the VAL stock price touched $0.749 or saw a rise of 15.53%. Year-to-date, Valaris plc shares have moved -90.36%, while the 5-day performance has seen it change 5.66%. Over the past 30 days, the shares of Valaris plc (NYSE:VAL) have changed -9.61%. Short interest in the company has seen 58.9 Million shares shorted with days to cover at 2.79.
Wall Street analysts have a consensus price target for the stock at $0.34, which means that the shares’ value could jump -46.03% 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 +58.73% off the targeted high while a plunge would see the stock lose -84.13% 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 -86.25% over the past 6 months, with this year growth rate of 1.37%, compared to -1.5% 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 -14.4% and -3.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be -17.9%.
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%.