Stocks to Forgive and Forget and Buy: Diamond Offshore Drilling, Inc. (DO), Virtu Financial, Inc. (VIRT)

The last few days have been good for Diamond Offshore Drilling, Inc. (NYSE:DO), as its price has grew by 3.1% during the week. It has also performed poorly over the past three months, as it lost around -19.45% while it has so far retreated around -12.51% during the course of a year. The price of the stock went up by $0.83 now trading at $14.62. Their shares witnessed a 7.82% increase from the 52-week low price of $13.56 they recorded on 2018-11-06. Even though it is still -49.93% behind the $21.92 high touched on 2018-06-28. The stock of DO recorded -21.36% downtrend from the beginning of this year till date. The 12-month potential price target for Diamond Offshore Drilling, Inc. is set at $16.33. This target means that the stock has an upside potential to increase by 11.7% from the current trading price.

When giving their opinion, around 14.29% of Wall Street analysts, which represents 4 out of 28 rated the stock as a Buy. 8 brokerage firms of the remaining 28.57% rated the stock as a Hold with 16 analyst rating it as a sell. Overall, the number of aggregate DO shares held by institutional investors represents 0% of total shares. 36 institutions entered new Diamond Offshore Drilling, Inc. (NYSE:DO) positions, 104 added to their existing positions in these shares, 124 lowered their positions, and 32 exited their positions entirely.

Diamond Offshore Drilling, Inc. (DO) trade volume has increased by 45.23% as around 2,470,056 shares were sold when compared with its 50-day average volume of traded shares which is 1,700,844. At the moment, DO is witnessing a downtrend, as it is trading -10.85% below its 20-day SMA, -16.98% below its 50-day SMA, and -17.2% below its 200-day SMA. The company runs an ROE of roughly -1.9%, with financial analysts predicting that their earnings per share growth will be around 0% per annum for the next five year. This will be compared to the -51.3% decrease witnessed over the past five years.

The first technical resistance point for Diamond Offshore Drilling, Inc. (NYSE:DO) will likely come at $14.89, marking a 1.81% premium to the current level. The second resistance point is at $15.15, about 3.5% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $13.71, the lower end of the range. DO’s 14-day MACD is -0.81 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 34.07, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 47.75 percent, which is high when compared to that of the 50-day’s 46.88 percent.

The shares of Virtu Financial, Inc. (NASDAQ:VIRT) has increased by 3.86%, and now trading at $25.59 on the Wall Street in the intra-day deal, with their shares traded now around 2,347,201. This is a rise of 1,249,299 shares over the average 1,097,902 shares that were traded daily over the last three months. The stock that is trading at $25.59 went higher by 89.28% from its 52-week low of $13.52 that it attained back on 2017-11-24. The stock recorded a 52-week high of $37.85 nearly 205 days ago on 2018-04-17.

VIRT stock has performed well over the past 30 days, as it added 17.93% while its price climbed by 39.84% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 7.88% over the last week. The stock’s 12-month potential target price is now at $24.13. This means that the stock price might likely increase by -5.71% from its current trading price.3 out of 9 Wall Street analysts which represents 33.33% rated the stock as a buy while the remaining 66.67 rated it as a hold, with 0 of analysts rating it as a sell.

Virtu Financial, Inc. (NASDAQ:VIRT) has been utilizing an ROE that is roughly 20.9%, with stock analysts predicting that the company’s EPS for the next five years will go down by -2.71% per year, following the 18.1% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 11.56% above its 20-day SMA, 15.63% above its 50-day SMA, and -5.37% below its 200-day SMA. In percentage terms, the aggregate Virtu Financial, Inc. shares held by institutional investors is 96.4%. 60 institutions jumped in to acquire Virtu Financial, Inc. (VIRT) fresh stake, 126 added to their current holdings in these shares, 78 lowered their positions, and 35 left no stake in the company.

The stock’s 9-day MACD is 1.07 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 76.79, which shows that its stock has been overbought. The 20-day historical volatility for the shares stand at 33.85 percent, which is less when compared to that of the 50-day’s 37.16 percent. On the daily chart, we see that the stock could reach the first level of resistance at $26.37, sporting a 2.96% premium to the current level. The next resistance point is at $27.14, representing nearly 5.71% premium to the current market price of Virtu Financial, Inc. (VIRT). On the other hand, failure to breach the immediate hurdles can drag it down to $24.3, the lower end of the range.