Is a Correction Looming Ahead for Teekay Corporation (TK) – News Heater
Home  »  Trending   »  Is a Correction Looming Ahead for Teekay Corporati...

Is a Correction Looming Ahead for Teekay Corporation (TK)

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Teekay Corporation (NYSE:TK) went down by -2.85% from its latest closing price compared to the recent 1-year high of $4.17. The company’s stock price has collected -7.87% of loss in the last five trading sessions. Press Release reported 21 hours ago that MERGER ALERT – TGP, XLRN, and VNE: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies

Is It Worth Investing in Teekay Corporation (NYSE :TK) Right Now?

Plus, the 36-month beta value for TK is at 1.17. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for Teekay Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The average price from analysts is $3.50. TK currently public float of 69.49M and currently shorts hold a 3.58% ratio of that float. Today, the average trading volume of TK was 676.02K shares.

TK’s Market Performance

TK stocks went down by -7.87% for the week, with a monthly drop of -1.13% and a quarterly performance of 10.38%, while its annual performance rate touched 60.27%. The volatility ratio for the week stands at 3.77% while the volatility levels for the past 30 days are set at 4.88% for Teekay Corporation. The simple moving average for the period of the last 20 days is -3.84% for TK stocks with a simple moving average of 4.88% for the last 200 days.

Analysts’ Opinion of TK

Many brokerage firms have already submitted their reports for TK stocks, with BofA/Merrill repeating the rating for TK by listing it as a “Buy.” The predicted price for TK in the upcoming period, according to BofA/Merrill is $8 based on the research report published on October 22nd of the previous year 2018.

TK Trading at 5.95% from the 50-Day Moving Average

After a stumble in the market that brought TK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.23% of loss for the given period.

Volatility was left at 4.88%, however, over the last 30 days, the volatility rate increased by 3.77%, as shares sank -0.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.82% upper at present.

During the last 5 trading sessions, TK fell by -8.47%, which changed the moving average for the period of 200-days by +46.14% in comparison to the 20-day moving average, which settled at $3.54. In addition, Teekay Corporation saw 63.26% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for TK

Current profitability levels for the company are sitting at:

  • +26.47 for the present operating margin
  • +30.83 for the gross margin

The net margin for Teekay Corporation stands at -4.57. The total capital return value is set at 7.00, while invested capital returns managed to touch -1.96. Equity return is now at value -0.60, with 0.00 for asset returns.

Based on Teekay Corporation (TK), the company’s capital structure generated 795.87 points at debt to equity in total, while total debt to capital is 88.84. Total debt to assets is 55.16, with long-term debt to equity ratio resting at 702.70. Finally, the long-term debt to capital ratio is 78.44.

>> 7 Top Picks for the Post-Pandemic Economy <<

When we switch over and look at the enterprise to sales, we see a ratio of 3.12, with the company’s debt to enterprise value settled at 0.68. The receivables turnover for the company is 7.02 and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.

Sign up for our FREE Newsletter and get:

Leave a Comment

Your email address will not be published. Required fields are marked *

Sign up for our FREE Newsletter and get:

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam