Schlumberger Limited [SLB] Is Currently -4.59 below its 200 Period Moving Avg: What Does This Mean?

Schlumberger Limited [NYSE: SLB] plunged by -$2.03 during the normal trading session on Friday and reaching a high of $44.10 during the day while it closed the day at $42.16. The company report on October 5, 2022 that Schlumberger Partners with Gradiant to Deliver Sustainable Production of Battery-Grade Lithium Compounds.

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Collaboration aims to maximize mineral recovery and reduce environmental footprint.

Schlumberger Limited stock has also loss -1.01% of its value over the past 7 days. However, SLB stock has inclined by 27.26% in the 3 months of the year. Over the past six months meanwhile, it has lost -2.52% and gained 40.77% year-on date.

The market cap for SLB stock reached $62.50 billion, with 1.41 billion shares outstanding and 1.41 billion shares in the current float. Compared to the average trading volume of 12.07M shares, SLB reached a trading volume of 11487245 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Schlumberger Limited [SLB]:

Piper Sandler have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 07, 2022. The new note on the price target was released on July 27, 2022, representing the official price target for Schlumberger Limited stock. Previously, the target price had yet another raise from $4.60 to $44.20, while HSBC Securities kept a Buy rating on SLB stock. On April 11, 2022, analysts increased their price target for SLB shares from 43 to 55.

The Average True Range (ATR) for Schlumberger Limited is set at 1.74, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 2.52. The Price to Book ratio for the last quarter was 3.65, with the Price to Cash per share for the same quarter was set at 1.90. Price to Free Cash Flow for SLB in the course of the last twelve months was 42.96 with Quick ratio for the last quarter at 1.00.

SLB stock trade performance evaluation

Schlumberger Limited [SLB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.01. With this latest performance, SLB shares gained by 6.38% in over the last four-week period, additionally sinking by -2.52% over the last 6 months – not to mention a rise of 25.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SLB stock in for the last two-week period is set at 59.28, with the RSI for the last a single of trading hit 59.94, and the three-weeks RSI is set at 57.91 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 38.22, while it was recorded at 42.45 for the last single week of trading, and 39.07 for the last 200 days.

Schlumberger Limited [SLB]: An insightful look at the core fundamentals

Schlumberger Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.40.

Earnings per share (EPS) analysis for Schlumberger Limited [SLB] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SLB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Schlumberger Limited go to 44.40%.

Schlumberger Limited [SLB]: Insider Ownership positions

There are presently around $48,289 million, or 82.70% of SLB stock, in the hands of institutional investors. The top three institutional holders of SLB stocks are: VANGUARD GROUP INC with ownership of 121,817,814, which is approximately 0.376% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 108,340,029 shares of the stock with an approximate value of $4.57 billion in SLB stocks shares; and STATE STREET CORP, currently with $3.78 billion in SLB stock with ownership of nearly -2.055% of the company’s market capitalization.

620 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 142,108,303 shares. Additionally, 593 investors decreased positions by around 94,266,251 shares, while 199 investors held positions by with 908,992,371 shares. The mentioned changes placed institutional holdings at 1,145,366,925 shares, according to the latest SEC report filing. SLB stock had 152 new institutional investments in for a total of 19,522,739 shares, while 132 institutional investors sold positions of 5,895,886 shares during the same period.


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