Transocean Ltd. (NYSE:RIG) finished Thursday with a subtraction of -$0.13 to close at $2.55, a downside of -4.85 percent. An average of 32,874,121 shares of common stock have been traded in the last five days. There was a fall of -$0.68 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 21,182,551 shares traded, while the 50-day average volume stands at 19,305,346.
RIG stock has decreased by -30.33% in the last month. The company shares reached their 1-month lowest point of $2.55 on 09/22/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $2.32 and a high of $5.56 in 52 weeks. It has reached a new high 13 times so far this year and lost -7.61% or -$0.21 in price. In spite of this, the price is down -54.14% from the 52-week high.
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200 days have passed since Transocean Ltd. (RIG) last reported insider trading activity. Adamson Keelan, who is President & COO, most recently acquired $349,418 shares at $5.00 per share on Mar 07.
Transocean Ltd. (RIG) stock’s beta is 2.73. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.76, the price-to-book (PB) ratio at 0.16, and the price-to-cash flow ratio at 51.85.
The quick ratio of Transocean Ltd. for the three months ended June 29 was 1.20, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.57 and a total debt to equity ratio of 0.65 for the quarter ending June 29. Its gross profit as reported stood at -$112.0 million compared to revenue of $2.56 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Transocean Ltd.’s return on assets was -3.10%.
For the three-month period that ended June 29, Transocean Ltd. had $6.38 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$68.0 million in the quarter, while revenues were shrunk -51.47%. The analyst consensus anticipated Transocean Ltd.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.1, a 28.60% surprise. For the quarter, EBITDA amounted to $242.0 million. Shareholders own equity worth $705.71 million.
From a technical analysis perspective, let’s take a brief look at Transocean Ltd. (RIG) price momentum. RSI 9-day as of the close on 22 September was 19.28%, suggesting the stock is oversold, with historical volatility in this time frame at 42.44%.
As of today, RIG’s price is $2.79 -21.05% or -$0.68 from its 5-day moving average. RIG is currently trading -31.27% lower than its 20-day SMA and -32.18% lower than its 100-day SMA. However, the stock’s current price level is -5.56% below the SMA50 and -12.67% below the SMA200.
The stochastic %K and %D were 2.42% and 2.69%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 0.00% and the average true range at 0.21, the RSI (14) stands at 27.63%. The stock has reached -0.47 on the 9-day MACD Oscillator while the 14-day reading was at -0.64.
BTIG Research upgraded Transocean Ltd. (NYSE: RIG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Transocean Ltd. (RIG) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell RIG, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is RIG’s price target for the next 12 months?
Analysts predict a range of price targets between $3.25 and $8.00, with a median target of $4.50. Taking a look at these predictions, the average price target given by analysts for Transocean Ltd. (RIG) stock is $4.86.