Market Recap: Seadrill Ltd. (SDRL)’s Positive Momentum, Closing at 38.58

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The closing price of Seadrill Ltd. (NYSE: SDRL) was $38.58 for the day, up 3.71% from the previous closing price of $37.20. In other words, the price has increased by $3.71 from its previous closing price. On the day, 2.21 million shares were traded. SDRL stock price reached its highest trading level at $38.68 during the session, while it also had its lowest trading level at $36.935.

Ratios:

Our analysis of SDRL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.18. For the most recent quarter (mrq), Quick Ratio is recorded 3.19 and its Current Ratio is at 3.19. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.20.

On December 06, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $72.Stifel initiated its Buy rating on December 06, 2023, with a $72 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SDRL now has a Market Capitalization of 2517962496 and an Enterprise Value of 2421626368. As of this moment, Seadrill’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.05, and their Forward P/E ratio for the next fiscal year is 7.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 1.593 whereas that against EBITDA is 4.843.

Stock Price History:

Over the past 52 weeks, SDRL has reached a high of $56.46, while it has fallen to a 52-week low of $36.01. The 50-Day Moving Average of the stock is -18.57%, while the 200-Day Moving Average is calculated to be -18.55%.

Shares Statistics:

SDRL traded an average of 879.41K shares per day over the past three months and 1609040 shares per day over the past ten days. A total of 74.05M shares are outstanding, with a floating share count of 65.13M. Insiders hold about 5.38% of the company’s shares, while institutions hold 91.39% stake in the company. Shares short for SDRL as of 1724976000 were 4711173 with a Short Ratio of 5.36, compared to 1722384000 on 4677555. Therefore, it implies a Short% of Shares Outstanding of 4711173 and a Short% of Float of 7.17.

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