Is It Worthwhile For Investors To Follow These Insider Trades On Tidewater Inc. (TDW)?

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Tidewater Inc. (NYSE:TDW) traded with an addition of $0.2 to close at $36.35 on Friday, an upside of 0.55 percent. An average of 507,713 shares of common stock have been traded in the last five days. There was a gain of $3.59 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 587,978 shares traded, while the 50-day average volume stands at 698,619.

TDW stock has increased by 17.87% in the last month. The company shares reached their 1-month lowest point of $28.59 on 12/09/22. With the stock rallying to its 52-week high on 12/30/22, shares of the company touched a low of $10.55 and a high of $36.50 in 52 weeks. It has reached a new high 38 times so far this year and achieved 237.54% or $25.60 in price. In spite of this, the price is down -0.41% from the 52-week high.

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Insider Transactions

TDW stock investors should be aware that Tidewater Inc. (TDW) stock had its last reported insider trading activity 225 days ago on Nov 28.

Valuation Metrics

Tidewater Inc. (TDW) stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.02, the price-to-book (PB) ratio at 1.90.

Financial Health

The quick ratio of Tidewater Inc. for the three months ended September 29 was 1.80, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.20 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $106.99 million compared to revenue of $371.03 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Tidewater Inc.’s return on assets was -6.00%.

Earnings Surprise

For the three-month period that ended September 29, Tidewater Inc. had $168.65 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.38 million in the quarter, while revenues of -$25.58 million were grew 526.95%. The analyst consensus anticipated Tidewater Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be $0.2, a 200.00% surprise. For the quarter, EBITDA amounted to $50.31 million. Shareholders own equity worth $46.51 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Tidewater Inc. (TDW) price momentum. RSI 9-day as of the close on 29 December was 68.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.32%.

As of today, TDW’s price is $35.06 +10.97% or $3.59 from its 5-day moving average. TDW is currently trading +17.97% higher than its 20-day SMA and +77.73% higher than its 100-day SMA. However, the stock’s current price level is +35.49% above the SMA50 and +87.45% above the SMA200.

The stochastic %K and %D were 92.86% and 89.36%, respectively, and the average true range (ATR) was 1.78. With the 14-day stochastic at 91.35% and the average true range at 1.77, the RSI (14) stands at 64.66%. The stock has reached 1.35 on the 9-day MACD Oscillator while the 14-day reading was at 2.22.

Analyst Ratings

The consensus rating for Tidewater Inc. (TDW) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TDW, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.


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