In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
The price of Diamond Offshore Drilling, Inc. (NYSE: DO) closed at $14.54 in the last session, down -0.82% from day before closing price of $14.66. In other words, the price has decreased by -$0.82 from its previous closing price. On the day, 3.14 million shares were traded. DO stock price reached its highest trading level at $14.89 during the session, while it also had its lowest trading level at $14.35.
Ratios:
We take a closer look at DO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.54 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.97.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, CapitalOne on November 28, 2023, initiated with a Overweight rating and assigned the stock a target price of $20.
On September 05, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $20.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 19 ’24 when Savarino Dominic A sold 13,000 shares for $13.16 per share. The transaction valued at 171,080 led to the insider holds 44,501 shares of the business.
ROLAND DAVID L sold 5,000 shares of DO for $59,951 on Mar 05 ’24. The SVP, General Counsel and Sec now owns 80,306 shares after completing the transaction at $11.99 per share. On Mar 01 ’24, another insider, Savarino Dominic A, who serves as the Senior Vice President and CFO of the company, sold 5,106 shares for $11.76 each. As a result, the insider received 60,059 and left with 57,501 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DO now has a Market Capitalization of 1489870208 and an Enterprise Value of 1981907456. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 2.26. Its current Enterprise Value per Revenue stands at 1.927 whereas that against EBITDA is 10.279.
Stock Price History:
Over the past 52 weeks, DO has reached a high of $17.32, while it has fallen to a 52-week low of $10.75. The 50-Day Moving Average of the stock is 10.78%, while the 200-Day Moving Average is calculated to be 8.65%.
Shares Statistics:
According to the various share statistics, DO traded on average about 1.51M shares per day over the past 3-months and 1645310 shares per day over the past 10 days. A total of 102.32M shares are outstanding, with a floating share count of 101.05M. Insiders hold about 1.25% of the company’s shares, while institutions hold 92.19% stake in the company. Shares short for DO as of 1713139200 were 4834924 with a Short Ratio of 3.21, compared to 1710460800 on 4548496. Therefore, it implies a Short% of Shares Outstanding of 4834924 and a Short% of Float of 4.760000000000001.
