Seadrill Ltd (NYSE:SDRL) price on Friday, January 17, fall -0.61% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $37.52.
A look at the stock’s price movement, the close in the last trading session was $37.75, moving within a range at $37.18 and $38.38. The beta value (5-Year monthly) was 1.584 while the PE ratio in trailing twelve months stood at 6.49. Turning to its 52-week performance, $56.46 and $34.74 were the 52-week high and 52-week low respectively. Overall, SDRL moved -0.27% over the past month.
Seadrill Ltd’s market cap currently stands at around $2.57 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 298.47M for the company’s revenue for the quarter, with a low and high estimate of 289M and 304M respectively. The average forecast suggests down to a -26.85% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.39B, representing a -7.41% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SDRL is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SDRL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SDRL’s current price about 0.28% and -3.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.31, while 7-day volatility ratio is 2.74% and 3.87% in the 30-day chart. Further, Seadrill Ltd (SDRL) has a beta value of 0, and an average true range (ATR) of 1.35. Analysts have given the company’s stock an average 52-week price target of $52, forecast between a low of $52 and high of $65. Looking at the price targets, the low is -38.59% off current price level while to achieve the yearly target high, price needs to move -73.24%. Nonetheless, investors will most likely welcome a -38.59% jump to $52 which is the analysts’ median price.
If we refocus on Seadrill Ltd (NYSE:SDRL), historical trading data shows that trading volumes averaged 0.59 over the past 10 days and 922.14K over the past 3 months. The company’s latest data on shares outstanding shows there are 68.83 million shares.
The 5.39% of Seadrill Ltd’s shares are in the hands of company insiders while institutional holders own 87.15% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.08 million on 2024-12-31, giving us a short ratio of 6.32. The data shows that as of 2024-12-31 short interest in Seadrill Ltd (SDRL) stood at 786.00004 of shares outstanding, with shares short rising to 4.18 million registered in 2024-11-29. Current price change has pushed the stock -3.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SDRL stock continues to rise going into the next quarter.
