Seadrill Ltd (NYSE:SDRL) shares, rose in value on Friday, November 01, with the stock price down by -1.35% to the previous day’s close as strong demand from buyers drove the stock to $38.82.
Actively observing the price movement in the last trading, the stock closed the session at $39.35, falling within a range of $38.7 and $39.79. The value of beta (5-year monthly) was 1.587 whereas the PE ratio was 6.09 over 12-month period. Referring to stock’s 52-week performance, its high was $56.46, and the low was $34.74. On the whole, SDRL has fluctuated by -3.36% over the past month.
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With the market capitalization of Seadrill Ltd currently standing at about $2.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.36B, with a low estimate of 311M and a high estimate of 340M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 326.03M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SDRL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SDRL currently trading nearly 2.82% and -1.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.43, while the 7-day volatility ratio is showing 2.80% which for the 30-day chart, stands at 2.69%. Furthermore, Seadrill Ltd (SDRL)’s average true range (ATR) is 1.37.
A comparison of Seadrill Ltd (SDRL) with its peers suggests the former has fared considerably weaker in the market. SDRL showed an intraday change of -1.35% in last session, and over the past year, it shrunk by -5.41%%.
Data on historical trading for Seadrill Ltd (NYSE:SDRL) indicates that the trading volumes over the past 10 days have averaged 1.43 and over the past 3 months, they’ve averaged 1.17 million. According to company’s latest data on outstanding shares, there are 74.05 million shares outstanding.
Nearly 5.30% of Seadrill Ltd’s shares belong to company insiders and institutional investors own 90.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.1 million shares as on 2024-10-15, resulting in a short ratio of 3.76. According to the data, the short interest in Seadrill Ltd (SDRL) stood at 628.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 4.9 million. The stock has fallen by -17.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SDRL stock heading into the next quarter.
