Teekay Corporation Ltd (NYSE:TK) does about 1.02M shares in volume on a normal day but saw 1214539 shares change hands in the recent trading day. The company now has a market cap of 560.52M USD. Its current market price is $6.25, marking a decrease of -2.34% compared to the previous close of $6.40. The 52 week high reached by this stock is $8.65 whilst the lowest price level in 52 weeks is $5.57.
Teekay Corporation Ltd (TK) has a 20-day trading average at $7.57 and the current price is -27.75% off the 52-week high compared with 12.14% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.17 and its 200-day simple moving average is $8.18. If we look at the stock’s price movements over the week, volatility stands at 3.84%, which decreases to 3.07% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 34.62 to suggest the stock is neutral.
The consensus objective for the share price is $3.50, suggesting that the stock has a potential downside of -78.57% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 22, 2018 when BofA/Merrill initiated the stock to “Buy” and issued a price target of $8.
The current price level is -6.78%, -12.66%, and -12.24% away from its SMA20, SMA50, and SMA200 respectively, with the TK price moving above the 50-day SMA on current market day. Teekay Corporation Ltd (TK) stock is down -2.60% over the week and -12.44% over the past month. Its price is 0.54% year-to-date and 7.45% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to shrink -78.57 percent from here.
Outstanding shares total 87.69M with insiders holding 36.42% of the shares and institutional holders owning 51.07% of the company’s common stock. The company has a return on investment of 17.32% and return on equity of 19.16%. The price to earnings ratio (P/E ratio) amounts to 4.13. The beta has a value of 0.49. Price to book ratio is 0.68 and price to sales ratio is 0.43.
