Diamond Offshore Drilling Inc. (NYSE: DO)’s stock price has decreased by -9.44 compared to its previous closing price of 11.17. However, the company has seen a -18.49% decrease in its stock price over the last five trading sessions.
Is It Worth Investing in Diamond Offshore Drilling Inc. (NYSE: DO) Right Now?
Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Diamond Offshore Drilling Inc. (DO) is $17.67, which is $5.22 above the current market price. The public float for DO is 100.28M, and currently, short sellers hold a 3.18% ratio of that float. The average trading volume of DO on March 15, 2023 was 1.07M shares.
DO’s Market Performance
DO stock saw a decrease of -18.49% in the past week, with a monthly decline of -18.76% and a quarterly a decrease of 15.21%. The volatility ratio for the week is 6.84%, and the volatility levels for the last 30 days are 6.14% for Diamond Offshore Drilling Inc. (DO). The simple moving average for the last 20 days is -14.99% for DO stock, with a simple moving average of 14.77% for the last 200 days.
DO Trading at -12.76% from the 50-Day Moving Average
After a stumble in the market that brought DO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.95% of loss for the given period.
Volatility was left at 6.14%, however, over the last 30 days, the volatility rate increased by 6.84%, as shares sank -18.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.21% lower at present.
During the last 5 trading sessions, DO fell by -18.05%, which changed the moving average for the period of 200-days by +27.60% in comparison to the 20-day moving average, which settled at $11.78. In addition, Diamond Offshore Drilling Inc. saw -2.74% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DO starting from Savarino Dominic A, who sale 10,000 shares at the price of $12.25 back on Mar 01. After this action, Savarino Dominic A now owns 25,309 shares of Diamond Offshore Drilling Inc., valued at $122,516 using the latest closing price.
Stock Fundamentals for DO
Current profitability levels for the company are sitting at:
- -8.12 for the present operating margin
- +0.22 for the gross margin
The net margin for Diamond Offshore Drilling Inc. stands at -12.27. Equity return is now at value -14.40, with -6.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
To put it simply, Diamond Offshore Drilling Inc. (DO) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
