Schlumberger Ltd. (NYSE:SLB) shares, rose in value, with the stock price down by -0.89% to the previous day’s close as strong demand from buyers drove the stock to $49.11.
Actively observing the price movement in the last trading, the stock closed the session at $49.55. The PE ratio was 16.35 over 12-month period. Referring to stock’s 52-week performance, its high was $62.12, and the low was $42.73. On the whole, SLB has fluctuated by -9.57% over the past month.
The company’s Forward Dividend Ratio is 1.02, with its dividend yield at 2.09%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SLB’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 PEG ratio is about 0.83, with the price of SLB currently trading nearly -7.34% and -4.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.85, while the 7-day volatility ratio is showing 2.47% which for the 30-day chart, stands at 2.43%. Furthermore, Schlumberger Ltd. (SLB)’s beta value is 1.63, and its average true range (ATR) is 1.23.
A comparison of Schlumberger Ltd. (SLB) with its peers suggests the former has fared considerably weaker in the market. SLB showed an intraday change of -0.89% in last session, and over the past year, it shrunk by -2.21%%.
Data on historical trading for Schlumberger Ltd. (NYSE:SLB) indicates that the trading volumes over the past 3 months, they’ve averaged 10.74 million. According to company’s latest data on outstanding shares, there are 1.43 billion shares outstanding.
Nearly 0.21% of Schlumberger Ltd.’s shares belong to company insiders and institutional investors own 84.34% of the company’s shares. The stock has fallen by -5.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SLB stock heading into the next quarter.
