Should You Sell Transocean Ltd (RIG) And Go Away This Year?

Transocean Ltd (NYSE:RIG) currently has a daily average trading volume of 19.23M but it saw 33033401 shares traded in last market. With a market cap of 3.59B USD, the company’s current market price of $4.10 came falling about -0.24 while comparing to the previous closing price of $4.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.15 and as low as $3.85. In the recent trading on the day, stock has struck highest price mark of $3.96 while lowest mark touched by it was $4.225.

Taking a look at 20-day trading activity of Transocean Ltd (RIG) gives us an average price of $4.29, while its current price level is -42.66% below from 52-week high level whereas it is 6.49% 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 $4.46 while that of 200 days or SMA-200 reads an average of $5.27. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.18% during that period while stretching the period over a month that decreases to 4.17%. 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 41.09 which implies that the stock is in neutral territory.

Over the week, RIG’s stock price is moving -3.76% down while it is -7.24% when we observe its performance for the past one month. Year-to-date it is -35.43% down and over the past year, the stock is showing a downside performance of -41.60%.

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 15.10 of forward P/E ratio. Stock’s beta reads 2.79. Stock has a price to book (P/B) ratio of 0.34 while price to sale or P/S ratio amounts to 1.17. Its return on asset (ROA) is -1.72% on average.