Transocean Ltd (NYSE:RIG) currently has a daily average trading volume of 18.45M but it saw 19735924 shares traded in last market. With a market cap of 5.03B USD, the company’s current market price of $6.22 came falling about -3.27 while comparing to the previous closing price of $6.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.88 and as low as $4.45.
Taking a look at 20-day trading activity of Transocean Ltd (RIG) gives us an average price of $6.23, while its current price level is -29.95% below from 52-week high level whereas it is 39.78% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.54 while that of 200 days or SMA-200 reads an average of $6.77. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.75% during that period while stretching the period over a month that decreases to 4.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.55 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Susquehanna which upgraded the stock as “Positive” in its note to investors issued on April 08, 2024, recommending a price target of between $5.50 and $9 for it. Citigroup also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $6.50 and $9.50.
Over the week, RIG’s stock price is moving -4.89% down while it is 14.97% when we observe its performance for the past one month. Year-to-date it is -2.05% down and over the past year, the stock is showing a downside performance of -5.04%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of -$0.09 beat the consensus estimate of -$0.23 for the same. For RIG, analysts are forecasting an EPS-growth rate of 95.80% for current year and estimate for EPS growth in next year is 1,275.00%. In next quarter, company is expected to be making quarterly sales of $889.02 million as analysts are expecting the sales for current fiscal year at $3.64 billion and seeing the company making $4.03 billion in sales next year. Moreover, analysts are in estimates of $798.27 million for current-quarter revenue.
Currently, Transocean Ltd’s total number of outstanding shares is 809.03M with 11.65% of that held by the insiders while 68.14% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -5.35% and return on equity (ROE) at -9.00%. It has a 14.47 of forward P/E ratio. Stock’s beta reads 2.80. Stock has a price to book (P/B) ratio of 0.48 while price to sale or P/S ratio amounts to 1.78. Its return on asset (ROA) is -4.69% on average.
