Taking a look at stock we notice that its last check on previous day was $10.98 with its price kept floating in the range of $10.97 and $11.05 on the day. Company’s P/E ratio for the trailing 12 months is 35.02. Considering stock’s 52-week price range provides that NETD hit a high price of $11.10 and saw its price falling to a low level of $10.44 during that period. Over a period of past 1-month, stock came adding 0.37% in its value.
With its current market valuation of $418.61 million, Nabors Energy Transition Corp. II is set to declare its quarterly results in May. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.
In contrast, when we review NETD stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
Digging deeper we become aware of the PEG ratio of the NETD stock which is currently positioned at 0. It further provides that stock’s current price level is 0.16% away from its 20-day simple moving average and is 0.49% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 59.14 while volatility remained at 0.53% over the past week which changes to 0.31% when measuring it over the past month. Beta is valued at -0.01, while measure of average true range or ATR is currently at 0.04.
Having a second look at Nabors Energy Transition Corp. II (NASDAQ:NETD) provides that stock’s average daily trading volume for 3 months was 251.83K, while it jumped to 126850 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 30.50 million.
The percentage of outstanding shares held by the insiders is 20.00% while it is 81.89% for the institutional holders. The figures also indicate that as of 2025-03-14, number of stock’s short shares was 51740.0 which implies a short ratio of 0.25. This shows down a 17.00 of Short Interest in company’s outstanding shares on the day. In March the standing of shares short improved as it was 56370.0 in the previous month. Addition of 1.67% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
