Diamond Offshore Drilling, Inc. [DO] stock is trading at $14.29, up 0.56%. 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 2.29% over the last week, with a monthly amount drifted -12.97%, and not seem to be holding up well over a long-time horizon.
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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.
Diamond Offshore Drilling, Inc. [DO] stock has fluctuated 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 $14.29 at the most recent close of the market. An investor can expect a potential return of 53.95% based on the average DO price forecast.
Analyzing the DO fundamentals
Diamond Offshore Drilling, Inc. [NYSE:DO] reported sales of 1.07B for the trailing twelve months, which represents a drop of -10.18%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.39 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.83.
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 14.21 points at the first support level, and at 14.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.38, and for the 2nd resistance point, it is at 14.47.
Ratios To Look Out For
For context, Diamond Offshore Drilling, Inc.’s Current Ratio is 1.73. In addition, the Quick Ratio stands at 1.69 and the Cash Ratio stands at 0.68. Considering the valuation of this stock, the price to sales ratio is 1.37, the price to book ratio is 2.18.
Transactions by insiders
Recent insider trading involved Wolford Bernie G., President and CEO, that happened on Aug 01 ’24 when 34000.0 shares were sold. Officer, Wolford Bernie G. completed a deal on Aug 01 ’24 to buy 34000.0 shares. Meanwhile, President and CEO Wolford Bernie G. sold 8000.0 shares on Jul 15 ’24.
