Schlumberger Ltd (NYSE:SLB) shares, rose in value on Wednesday, May 07, with the stock price down by -0.24% to the previous day’s close as strong demand from buyers drove the stock to $33.50.
Actively observing the price movement in the last trading, the stock closed the session at $33.58. The PE ratio was 11.37 over 12-month period. Referring to stock’s 52-week performance, its high was $50.94, and the low was $31.11. On the whole, SLB has fluctuated by 1.09% over the past month.
With the market capitalization of Schlumberger Ltd currently standing at about $45.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.11, with its dividend yield at 3.31%.
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 100% 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 PEG ratio is about 2.92, with the price of SLB currently trading nearly -1.89% and -11.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.25, while the 7-day volatility ratio is showing 2.43% which for the 30-day chart, stands at 4.56%. Furthermore, Schlumberger Ltd (SLB)’s beta value is 1.05, and its average true range (ATR) is 1.39.
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 -0.24% in last session, and over the past year, it shrunk by -29.71%%.
Data on historical trading for Schlumberger Ltd (NYSE:SLB) indicates that the trading volumes over the past 3 months, they’ve averaged 18.29 million. According to company’s latest data on outstanding shares, there are 1.36 billion shares outstanding.
Nearly 0.21% of Schlumberger Ltd’s shares belong to company insiders and institutional investors own 89.42% of the company’s shares. The stock has fallen by -12.62% 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.
