The stock of Tidewater Inc. (NYSE: TDW) has decreased by -5.65 when compared to last closing price of 60.75.Despite this, the company has seen a loss of -3.74% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-07 that Tidewater Inc. (NYSE:TDW ) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants West Gotcher – Vice President, Finance and Investor Relations Quintin Kneen – President and CEO Sam Rubio – Chief Financial Officer Piers Middleton – Chief Commercial Officer Conference Call Participants Jim Rollyson – Raymond James Greg Lewis – BTIG Operator Thank you for standing by. My name is Eric, and I will be your conference operator today.
Is It Worth Investing in Tidewater Inc. (NYSE: TDW) Right Now?
Tidewater Inc. (NYSE: TDW) has a price-to-earnings ratio of 42.78x that is above its average ratio. Additionally, the 36-month beta value for TDW is 1.27. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for TDW is $79.60, which is $22.28 above the current price. The public float for TDW is 48.69M and currently, short sellers hold a 7.44% ratio of that float. The average trading volume of TDW on November 16, 2023 was 861.54K shares.
TDW’s Market Performance
TDW’s stock has seen a -3.74% decrease for the week, with a -16.69% drop in the past month and a -3.65% fall in the past quarter. The volatility ratio for the week is 3.54%, and the volatility levels for the past 30 days are at 4.00% for Tidewater Inc. The simple moving average for the last 20 days is -14.04% for TDW’s stock, with a simple moving average of 5.40% for the last 200 days.
Analysts’ Opinion of TDW
Many brokerage firms have already submitted their reports for TDW stocks, with Raymond James repeating the rating for TDW by listing it as a “Strong Buy.” The predicted price for TDW in the upcoming period, according to Raymond James is $85 based on the research report published on July 14, 2023 of the current year 2023.
TDW Trading at -15.13% from the 50-Day Moving Average
After a stumble in the market that brought TDW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.07% of loss for the given period.
Volatility was left at 4.00%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares sank -19.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.52% lower at present.
During the last 5 trading sessions, TDW fell by -3.74%, which changed the moving average for the period of 200-days by +32.07% in comparison to the 20-day moving average, which settled at $66.00. In addition, Tidewater Inc. saw 55.55% 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 TDW starting from ROBOTTI ROBERT, who purchase 1,486 shares at the price of $67.32 back on Sep 07. After this action, ROBOTTI ROBERT now owns 3,235,657 shares of Tidewater Inc., valued at $100,033 using the latest closing price.
Darling David E, the EVP, COO of Tidewater Inc., sale 19,250 shares at $67.45 during a trade that took place back on Sep 06, which means that Darling David E is holding 103,780 shares at $1,298,412 based on the most recent closing price.
Stock Fundamentals for TDW
Current profitability levels for the company are sitting at:
- +4.51 for the present operating margin
- +19.93 for the gross margin
The net margin for Tidewater Inc. stands at -3.36. The total capital return value is set at 3.05, while invested capital returns managed to touch -2.27. Equity return is now at value 7.46, with 4.18 for asset returns.
Based on Tidewater Inc. (TDW), the company’s capital structure generated 20.40 points at debt to equity in total, while total debt to capital is 16.94. Total debt to assets is 13.61, with long-term debt to equity ratio resting at 20.16. Finally, the long-term debt to capital ratio is 16.74.
When we switch over and look at the enterprise to sales, we see a ratio of 3.60, with the company’s debt to enterprise value settled at 0.11. The receivables turnover for the company is 4.14 and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.
In conclusion, Tidewater Inc. (TDW) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.