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Seadrill Ltd. (SDRL) Is Up 9.62% in 2024 With Lots of Room to Run

Seadrill Ltd. (NYSE: SDRL) is 9.62% higher on its value in year-to-date trading and has touched a low of $36.25 and a high of $53.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SDRL stock was last observed hovering at around $48.88 in the last trading session, with the day’s gains setting it 2.95%.

Currently trading at $51.83, the stock is 1.91% and 1.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 6.04% at the moment leaves the stock 12.58% off its SMA200. SDRL registered 41.65% gain for a year compared to 6-month gain of 28.71%.

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The stock witnessed a -0.02% loss in the last 1 month and extending the period to 3 months gives it a 10.39%, and is 3.43% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.76% over the week and 2.87% over the month.

Seadrill Ltd. (SDRL) has around 2500 employees, a market worth around $3.84B and $1.60B in sales. Current P/E ratio is 12.91 and Fwd P/E is 8.31. Profit margin for the company is 19.78%. Distance from 52-week low is 42.98% and -3.27% from its 52-week high. The company has generated returns on investments over the last 12 months (8.96%).

The EPS is expected to shrink by -34.22% this year.

Seadrill Ltd. (SDRL) Top Institutional Holders

The shares outstanding are 74.05M, and float is at 68.93M with Short Float at 5.47%.

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