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- 1 Diamond Offshore Drilling Inc. (NYSE: DO) stock lost 1.97% of its trading price on July 20.
- 2 In the monthly time frame, DO stock added 28.11% to its trading prices; in the yearly time frame, it added 164.10%.
Diamond Offshore Drilling Inc. (NYSE: DO) stock lost 1.97% of its trading price on the July 20 trading session. It traded at $15.77, which is lower than $15.43. It hit a high of $16.03 and closed trading at $15.45 with intraday trading volume of 763.967k.
In the monthly time frame, DO stock added 28.11% to its trading price. In the yearly time frame, it added 164.10%. However, in the 52 weeks time frame, the stock’s lowest trading price was $5.40, and its highest traded price was $16.52.
Diamond Offshore Drilling Inc.’s market capitalization is $1.566 Billion, and its average trading volume is $1.464 Million. The annual price target of DO stock is $17.20, 11.33% more than the current trading prices.
After analyzing the price chart of DO stock, it is clear that it is making a bullish rising wedge. In the coming sessions, upward movements are more likely than bearish movements. The immediate resistance level of DO stock is $16.53, and the immediate support level is $15.06.
In the last trading session, sellers seemed to be overruling buyers and drove prices downward. After July 07, 2023, sellers seemed more aggressive as the price fell at an increasing rate.
Diamond Offshore Drilling Inc. (NYSE: DO) Earnings & Revenue
In Q1 2023, Diamond Offshore Drilling Inc. reported 0.79% more revenue than the estimated figure. As per the analysts’ estimation, the company was supposed to report $230.21 Million but reported $232.02 Million.
The estimated revenue for Q2 and Q3 is $264.25 Million and $267.75 Million; it is essential to note that Earnings Per Share of Diamonds Offshore Drilling Inc. surged more than 134%.
According to TradingView, around 100.434 Million shares of Diamond Offshore Drilling Inc are free-floating, and the remaining 924.183k shares are closely held by the company’s financial backers or the board of directors.
Diamond Offsore’s revenue-to-profit conversion constitutes 4% of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), -8% of Earnings before interest and taxes (EBIT), and -12% net income.
The company’s total generated revenue of Q1 2023 gross profit was $13.41 Million; operating income was -$6.17 Million, pretax income was -$18.42 Million, and net income was $7.23 Million.
On Monday, August 7, 2023, after the market closes, Diamond Offshore Drilling Inc. will reveal its operational results for the second quarter of 2023. On Tuesday, August 8, 2023, at 8:00 a.m. CDT, the company will have a conference call and webcast to discuss its operating results.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
