Transocean Ltd. (NYSE: RIG)’s stock price has decreased by -2.38 compared to its previous closing price of 5.82. Nevertheless, the company has seen a -14.70% plunge in its stock price over the last five trading sessions.
Is It Worth Investing in Transocean Ltd. (NYSE: RIG) Right Now?
, and the 36-month beta value for RIG is at 2.94. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
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The average price suggested by analysts for RIG is $7.13, which is $0.88 above the current market price. The public float for RIG is 669.76M, and currently, shorts hold a 20.38% of that float. The average trading volume for RIG on March 16, 2023 was 23.72M shares.
RIG’s Market Performance
The stock of Transocean Ltd. (RIG) has seen a -14.70% decrease in the past week, with a -24.55% drop in the past month, and a 37.90% gain in the past quarter. The volatility ratio for the week is 10.08%, and the volatility levels for the past 30 days are at 7.26% for RIG. The simple moving average for the last 20 days is -17.63% for RIG stock, with a simple moving average of 31.68% for the last 200 days.
Analysts’ Opinion of RIG
Many brokerage firms have already submitted their reports for RIG stocks, with Barclays repeating the rating for RIG by listing it as a “Equal Weight.” The predicted price for RIG in the upcoming period, according to Barclays is $7 based on the research report published on February 16th of the current year 2023.
The Benchmark Company, on the other hand, stated in their research note that they expect to see RIG reach a price target of $7.50. The rating they have provided for RIG stocks is “Buy” according to the report published on January 19th, 2023.
Barclays gave a rating of “Overweight” to RIG, setting the target price at $5 in the report published on October 06th of the previous year.
RIG Trading at -12.49% from the 50-Day Moving Average
After a stumble in the market that brought RIG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.60% of loss for the given period.
Volatility was left at 7.26%, however, over the last 30 days, the volatility rate increased by 10.08%, as shares sank -26.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.63% upper at present.
During the last 5 trading sessions, RIG fell by -15.92%, which changed the moving average for the period of 200-days by +33.97% in comparison to the 20-day moving average, which settled at $6.80. In addition, Transocean Ltd. saw 24.59% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at RIG starting from DEATON CHAD C, who purchase 30,000 shares at the price of $7.40 back on Mar 02. After this action, DEATON CHAD C now owns 141,000 shares of Transocean Ltd., valued at $222,000 using the latest closing price.
Adamson Keelan, the PRESIDENT AND COO of Transocean Ltd., sale 70,994 shares at $6.81 during a trade that took place back on Mar 02, which means that Adamson Keelan is holding 482,813 shares at $483,469 based on the most recent closing price.
Stock Fundamentals for RIG
Current profitability levels for the company are sitting at:
- -0.82 for the present operating margin
- +6.25 for the gross margin
The net margin for Transocean Ltd. stands at -24.12. Equity return is now at value -5.60, with -3.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
In conclusion, Transocean Ltd. (RIG) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.