For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Diamond Offshore Drilling, Inc.’s stock clocked out at $13.16, down -3.09% from its previous closing price of $13.58. In other words, the price has decreased by -$3.09 from its previous closing price. On the day, 1.12 million shares were traded. DO stock price reached its highest trading level at $13.54 during the session, while it also had its lowest trading level at $13.005.
Ratios:
To gain a deeper understanding of DO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.45 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 1.09 whereas as Long-Term Debt/Eq ratio is at 1.05.
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:
Investing in insider trades can also provide an investor with insight into how management views future 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 1391498880 and an Enterprise Value of 1924559104. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 2.09. Its current Enterprise Value per Revenue stands at 1.956 whereas that against EBITDA is 12.182.
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 $10.44. The 50-Day Moving Average of the stock is 2.04%, while the 200-Day Moving Average is calculated to be -2.67%.
Shares Statistics:
It appears that DO traded 1.48M shares on average per day over the past three months and 1395030 shares per day over the past ten 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 91.78% stake in the company. Shares short for DO as of 1711584000 were 4219751 with a Short Ratio of 2.85, compared to 1709164800 on 4410502. Therefore, it implies a Short% of Shares Outstanding of 4219751 and a Short% of Float of 4.1500002.
