Diamond Offshore Drilling, Inc. (DO) concluded trading on Thursday at a closing price of $15.81, with 3.09 million shares of worth about $48.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.59% during that period and on August 01, 2024 the price saw a loss of about -3.71%. Currently the company’s common shares owned by public are about 102.32M shares, out of which, 101.19M shares are available for trading.
Stock saw a price change of -2.77% in past 5 days and over the past one month there was a price change of 2.73%. Year-to-date (YTD), DO shares are showing a performance of 21.62% which increased to 1.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.02 but also hit the highest price of $17.32 during that period. The average intraday trading volume for Diamond Offshore Drilling, Inc. shares is 2.23 million. The stock is currently trading -0.89% below its 20-day simple moving average (SMA20), while that difference is up 3.13% for SMA50 and it goes to 17.55% higher than SMA200.
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Diamond Offshore Drilling, Inc. (NYSE: DO) currently have 102.32M outstanding shares and institutions hold larger chunk of about 95.23% of that.
The stock has a current market capitalization of $1.62B and its 3Y-monthly beta is at 1.39. It has posted earnings per share of -$0.44 in the same period. It has Quick Ratio of 1.54 while making debt-to-equity ratio of 1.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DO, volatility over the week remained 3.05% while standing at 2.30% over the month.
Stock’s fiscal year EPS is expected to rise by 219.59% while it is estimated to increase by 298.25% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by CapitalOne on November 28, 2023 offering an Overweight rating for the stock and assigned a target price of $20 to it. Coverage by BTIG Research stated Diamond Offshore Drilling, Inc. (DO) stock as a Buy in their note to investors on September 05, 2023, suggesting a price target of $20 for the stock.
