Tidewater Inc. (TDW) Shares Soar Above 1-Year High

The stock price of Tidewater Inc. (NYSE: TDW) has surged by 5.52 when compared to previous closing price of 94.76, but the company has seen a 9.82% gain in its stock price over the last five trading sessions. MarketBeat reported 2024-03-15 that Watch for robust earnings growth at big techs such as Meta Platforms Inc. NASDAQ: META, Nvidia Corp. NASDAQ: NVDA, Microsoft Corp. NASDAQ: MSFT and Apple Inc. NASDAQ: AAPL to increase the rate of share buybacks this year, says a recent report from Goldman Sachs.

Is It Worth Investing in Tidewater Inc. (NYSE: TDW) Right Now?

The price-to-earnings ratio for Tidewater Inc. (NYSE: TDW) is above average at 54.56x. The 36-month beta value for TDW is also noteworthy at 1.22. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”

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The public float for TDW is 48.05M, and at present, short sellers hold a 9.99% of that float. The average trading volume of TDW on April 03, 2024 was 776.13K shares.

TDW’s Market Performance

The stock of Tidewater Inc. (TDW) has seen a 9.82% increase in the past week, with a 21.95% rise in the past month, and a 42.42% gain in the past quarter. The volatility ratio for the week is 2.94%, and the volatility levels for the past 30 days are at 3.85% for TDW. The simple moving average for the past 20 days is 14.43% for TDW’s stock, with a 50.14% simple moving average for the past 200 days.

Analysts’ Opinion of TDW

Many brokerage firms have already submitted their reports for TDW stocks, with Johnson Rice repeating the rating for TDW by listing it as a “Buy.” The predicted price for TDW in the upcoming period, according to Johnson Rice is $88 based on the research report published on February 09, 2024 of the current year 2024.

Raymond James gave a rating of “Strong Buy” to TDW, setting the target price at $85 in the report published on July 14th of the previous year.

TDW Trading at 29.47% 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 able to rebound, for now settling with 4.88% of gains for the given period.

Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 2.94%, as shares surge +20.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.63% upper at present.

During the last 5 trading sessions, TDW rose by +8.98%, which changed the moving average for the period of 200-days by +125.57% in comparison to the 20-day moving average, which settled at $88.23. In addition, Tidewater Inc. saw 38.66% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TDW starting from Rubio Samuel R, who sale 19,641 shares at the price of $81.36 back on Mar 05 ’24. After this action, Rubio Samuel R now owns 98,036 shares of Tidewater Inc., valued at $1,597,992 using the latest closing price.

Darling David E, the EVP, COO & CHIEF HR OFFICER of Tidewater Inc., sale 17,821 shares at $82.08 during a trade that took place back on Mar 05 ’24, which means that Darling David E is holding 85,959 shares at $1,462,748 based on the most recent closing price.

Stock Fundamentals for TDW

Current profitability levels for the company are sitting at:

  • 0.18 for the present operating margin
  • 0.27 for the gross margin

The net margin for Tidewater Inc. stands at 0.1. The total capital return value is set at 0.1. Equity return is now at value 10.20, with 5.78 for asset returns.

Based on Tidewater Inc. (TDW), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 3.67.

Currently, EBITDA for the company is 354.94 million with net debt to EBITDA at 1.45. When we switch over and look at the enterprise to sales, we see a ratio of 5.6. The receivables turnover for the company is 3.76for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.

Conclusion

In summary, Tidewater Inc. (TDW) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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