Teekay Corporation (NYSE:TK) saw a downside of -0.15% to close Friday at $6.75 after subtracting -$0.01 on the day. The 5-day average trading volume is 462,940 shares of the company’s common stock. It has gained $6.82 in the past week and touched a new high 5 times within the past 5 days. An average of 553,865 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 592,584.
TK’s 1-month performance is 8.87% or $0.31 on its low of $6.10 reached on 07/21/23. The company’s shares have touched a 52-week low of $3.21 and high of $6.92, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, TK has achieved 48.68% or $2.21 and has reached a new high 21 times. However, the current price is down -2.46% from the 52-week high price.
Valuation Metrics
TK stock has a beta of 0.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.41 while the price-to-book (PB) in the most recent quarter is 0.94, with the price to cash flow ratio at 1.10.
Teekay Corporation’s quick ratio for the recent period was 4.80, with the current ratio over the same period at 5.20. In terms of profitability, the gross margin trailing 12 months is 47.00%. The trailing 12-month EBITDA margin is 28.11%. The firm’s gross profit as reported stood at $392.07 million against revenue of $1.19 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 90.04% to $78.41 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $182.05 million. TK stock balance sheet for the recent quarter shows that total liabilities totaled 482.05 million, with total debt at $310.84 million.
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 18 August was 63.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.29%.
The stock’s 5-day moving average is $6.67, reflecting a +2.43% or $0.16 change from its current price. TK is currently trading +9.58% above its 20-day SMA, +8.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.18% and SMA200 by+72.63%.
Stochastic %K and %D was 74.16% and 67.58% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 60.79%, while the 14-day stochastic is at 78.74% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.07 on the 14-day charts.
Analyst Ratings
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.
