Diamond Offshore Drilling, Inc. [DO] stock prices are up 1.79% to $15.39 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DO shares have gain 0.26% over the last week, with a monthly amount glided 1.38%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Diamond Offshore Drilling, Inc. [NYSE: DO] stock has seen the most recent analyst activity on November 28, 2023, when CapitalOne initiated its Overweight rating and assigned the stock a price target of $20. Previously, BTIG Research started tracking the stock with Buy rating on September 05, 2023, and set its price target to $20.
The stock price of Diamond Offshore Drilling, Inc. [DO] has been fluctuating between $11.02 and $17.32 over the past year. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Diamond Offshore Drilling, Inc. [NYSE: DO] shares were valued at $15.39 at the most recent close of the market. An investor can expect a potential return of 42.95% based on the average DO price forecast.
Analyzing the DO fundamentals
The Diamond Offshore Drilling, Inc. [NYSE:DO] reported sales of 1.10B for trailing twelve months, representing a surge of 18.36%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.22 points at the first support level, and at 15.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.50, and for the 2nd resistance point, it is at 15.62.
Ratios To Look Out For
It’s worth pointing out that Diamond Offshore Drilling, Inc. [NYSE:DO]’s Current Ratio is 1.57. In addition, the Quick Ratio stands at 1.54 and the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 1.44, the price to book ratio is 2.39.
Transactions by insiders
Recent insider trading involved Wolford Bernie G., President and CEO, that happened on Jul 01 ’24 when 26000.0 shares were sold. President and CEO, Wolford Bernie G. completed a deal on Jun 03 ’24 to sell 26000.0 shares. Meanwhile, Senior Vice President and CFO Savarino Dominic A sold 11369.0 shares on Jun 03 ’24.
