Look Past The Setbacks And Give Transocean Ltd (NYSE: RIG) Another Chance

Transocean Ltd (NYSE:RIG) currently has a daily average trading volume of 19.23M but it saw 12034980 shares traded in last market. With a market cap of 3.73B USD, the company’s current market price of $4.26 came rising about 3.40 while comparing to the previous closing price of $4.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.66 and as low as $3.85. In the recent trading on the day, stock has struck highest price mark of $4.055 while lowest mark touched by it was $4.29.

Taking a look at 20-day trading activity of Transocean Ltd (RIG) gives us an average price of $4.36, while its current price level is -44.39% below from 52-week high level whereas it is 10.65% 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 $4.55 while that of 200 days or SMA-200 reads an average of $5.31. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.41% during that period while stretching the period over a month that increases to 4.06%. 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 46.13 which implies that the stock is in neutral territory.

Over the week, RIG’s stock price is moving 0.24% up while it is -6.78% when we observe its performance for the past one month. Year-to-date it is -32.91% down and over the past year, the stock is showing a downside performance of -43.80%.

Currently, Transocean Ltd’s total number of outstanding shares is 809.03M. Company’s return on investment (ROI) stands at -2.00% and return on equity (ROE) at -3.31%. It has a 15.51 of forward P/E ratio. Stock’s beta reads 2.79. Stock has a price to book (P/B) ratio of 0.35 while price to sale or P/S ratio amounts to 1.21. Its return on asset (ROA) is -1.72% on average.