Diamond Offshore Drilling, Inc. [NYSE: DO] loss -3.71% on the last trading session, reaching $15.81 price per share at the time.
If compared to the average trading volume of 2.23M shares, DO reached a trading volume of 3091524 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Diamond Offshore Drilling, Inc. [DO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DO shares is $19.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DO stock is a recommendation set at 1.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
CapitalOne have made an estimate for Diamond Offshore Drilling, Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 28, 2023. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on September 05, 2023, representing the official price target for Diamond Offshore Drilling, Inc. stock.
The Average True Range (ATR) for Diamond Offshore Drilling, Inc. is set at 0.43, with the Price to Sales ratio for DO stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 2.46, with the Price to Cash per share for the same quarter was set at 1.65.
Trading performance analysis for DO stock
Diamond Offshore Drilling, Inc. [DO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.77. With this latest performance, DO shares gained by 2.73% in over the last four-week period, additionally plugging by 29.59% over the last 6 months – not to mention a rise of 1.09% 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 DO stock in for the last two-week period is set at 49.89, with the RSI for the last a single of trading hit 45.16, and the three-weeks RSI is set at 52.54 for Diamond Offshore Drilling, Inc. [DO]. The present Moving Average for the last 50 days of trading for this stock 15.34, while it was recorded at 16.20 for the last single week of trading, and 13.46 for the last 200 days.
Diamond Offshore Drilling, Inc. [DO]: A deeper dive into fundamental analysis
Diamond Offshore Drilling, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.54 and a Current Ratio set at 1.57.
An analysis of Institutional ownership at Diamond Offshore Drilling, Inc. [DO]
The top three institutional holders of DO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in DO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in DO stock with ownership which is approximately 5.1238%.
