Teekay Corporation (NYSE:TK) saw a downside of -1.85% to $3.44 after subtracting -$0.07 on Wednesday. The 5-day average trading volume is 955,197 shares of the company’s common stock. It has gained $3.81 in the past week. An average of 999,174 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 693,284.
TK’s 1-month performance is -1.13% or -$0.09 on its low of $3.08 reached on 09/20/21. The company’s shares have touched a 52-week low of $1.70 and high of $4.17, with the stock’s rally to the 52-week high happening on 06/25/21. YTD, TK has achieved 63.26% or $1.31. However, the current price is down -17.39%% from the 52-week high price.
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Teekay Corporation (TK) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.59 for the sector.TK stock has a beta of 1.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.23 while the price-to-book (PB) in the most recent quarter is 0.68, with the price to cash flow ratio at 0.73.
Teekay Corporation’s quick ratio for the period ended December 30 was 0.60, with the current ratio over the same period at 0.60 meaning that TK stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending December 30 was 5.85, while the total debt to equity was 7.09. In terms of profitability, the gross margin trailing 12 months is 43.20%. The trailing 12-month EBITDA margin is 40.85% while for the period ending December 30; Teekay Corporation’s operating margin was 15.40%. The firm’s gross profit as reported stood at $820.95 million against revenue of $1.82 billion.
For the quarterly period ending December 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -7.14% to $1.82 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected TK to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.02, representing a 84.60% surprise. EBITDA for the quarter stood at more than $32.12 million. TK stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 4.17 billion, with total debt at $3.77 billion
Let’s look briefly at Teekay Corporation (TK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 41.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.26%.
The stock’s 5-day moving average is $3.59, reflecting a -6.99% or -$0.26 change from its current price. TK is currently trading +0.87% above its 20-day SMA, -3.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +17.69% and +48.50% respectively.
Stochastic %K and %D was 29.26% and 44.11% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 48.23%, while the 14-day stochastic is at 16.67% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at -0.15 and -0.14 on the 14-day charts.
In the most recent analyst report for Teekay Corporation (NYSE: TK), BofA/Merrill launched coverage with a Buy rating. Analysts offering their rating for TK stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate TK as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is TK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.50 and a high of $3.50, with their median price target at $3.50. Looking at these predictions, the average price target given by analysts is for Teekay Corporation (TK) stock is $3.50.