A new trading day began on Tuesday, with Diamond Offshore Drilling, Inc. (NYSE: DO) stock price down -1.60% from the previous day of trading, before settling in for the closing price of $13.76. DO’s price has ranged from $10.44 to $17.32 over the past 52 weeks.
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Annual sales at Energy sector company grew by 1.15% over the past five years. Meanwhile, its annual earnings per share averaged 196.93%. With a float of $100.99 million, this company’s outstanding shares have now reached $102.32 million.
Let’s look at the performance matrix of the company that is accounted for 2140 employees.
Diamond Offshore Drilling, Inc. (DO) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Drilling Industry. The insider ownership of Diamond Offshore Drilling, Inc. is 1.30%, while institutional ownership is 91.77%. The most recent insider transaction that took place on Mar 19 ’24, was worth 171,080. In this transaction Senior Vice President and CFO of this company sold 13,000 shares at a rate of $13.16, taking the stock ownership to the 44,501 shares. Before that another transaction happened on Mar 05 ’24, when Company’s SVP, General Counsel and Sec sold 5,000 for $11.99, making the entire transaction worth $59,951. This insider now owns 80,306 shares in total.
Diamond Offshore Drilling, Inc. (DO) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 196.93% per share during the next fiscal year.
Diamond Offshore Drilling, Inc. (NYSE: DO) Trading Performance Indicators
Here are Diamond Offshore Drilling, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.48, a number that is poised to hit -0.00 in the next quarter and is forecasted to reach 2.00 in one year’s time.
Technical Analysis of Diamond Offshore Drilling, Inc. (DO)
Diamond Offshore Drilling, Inc. (NYSE: DO) saw its 5-day average volume 1.21 million, a negative change from its year-to-date volume of 1.42 million. As of the previous 9 days, the stock’s Stochastic %D was 14.87%. Additionally, its Average True Range was 0.47.
During the past 100 days, Diamond Offshore Drilling, Inc.’s (DO) raw stochastic average was set at 66.32%, which indicates a significant increase from 27.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.47% in the past 14 days, which was lower than the 39.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.75, while its 200-day Moving Average is $13.56. Nevertheless, the first resistance level for the watch stands at $13.70 in the near term. At $13.86, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.01. If the price goes on to break the first support level at $13.39, it is likely to go to the next support level at $13.25. Assuming the price breaks the second support level, the third support level stands at $13.09.
Diamond Offshore Drilling, Inc. (NYSE: DO) Key Stats
With a market capitalization of 1.39 billion, the company has a total of 102,467K Shares Outstanding. Currently, annual sales are 1,056 M while annual income is -44,710 K. The company’s previous quarter sales were 297,640 K while its latest quarter income was -145,700 K.
