How Does Diamond Offshore Drilling, Inc. (DO) Stack Up Right Now?

Diamond Offshore Drilling, Inc. (DO) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Drilling & Exploration. The stock has been active on the tape, currently trading at $14.21, up from yesterday’s close by 0.85%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Diamond Offshore Drilling, Inc. (DO) currently trades with a market capitalization of $1.95 Billion. That value represents a market adjusting for revenues that have been falling by -11.65 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $366.14 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Diamond Offshore Drilling, Inc. recorded a 52-week high of $20.41. It is now trading 6.2% off that level. The stock is trading $17.82 its 50-day moving average by 3.61%. The stock carved out a 52-week low down at $10.06.

In recent action, Diamond Offshore Drilling, Inc. (DO) has made a move of -28.09% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.35, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 20.32% with $137.06 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DO.

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