The stock of Teekay Corp (NYSE: TK) has increased by 0.13 when compared to last closing price of 7.56.Despite this, the company has seen a gain of 3.98% in its stock price over the last five trading days. GlobeNewsWire reported 2024-02-14 that HAMILTON, Bermuda, Feb. 14, 2024 (GLOBE NEWSWIRE) — Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the fourth quarter and annual 2023 before market open on Thursday, February 22, 2024.
Is It Worth Investing in Teekay Corp (NYSE: TK) Right Now?
The price-to-earnings ratio for Teekay Corp (NYSE: TK) is 4.89x, which is above its average ratio. Moreover, the 36-month beta value for TK is 0.62. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for TK is 57.97M and currently, short sellers hold a 1.05% of that float. On April 05, 2024, TK’s average trading volume was 699.43K shares.
TK’s Market Performance
TK’s stock has seen a 3.98% increase for the week, with a 4.99% rise in the past month and a -0.53% fall in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 2.09% for Teekay Corp. The simple moving average for the past 20 days is 3.43% for TK’s stock, with a 8.25% simple moving average for the past 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 22, 2018 of the previous year 2018.
TK Trading at -2.73% 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 -18.39% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares surge +5.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.60% lower at present.
During the last 5 trading sessions, TK rose by +4.88%, which changed the moving average for the period of 200-days by +27.46% in comparison to the 20-day moving average, which settled at $7.34. In addition, Teekay Corp saw 5.87% 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:
- 0.36 for the present operating margin
- 0.4 for the gross margin
The net margin for Teekay Corp stands at 0.19. The total capital return value is set at 0.24. Equity return is now at value 22.22, with 6.72 for asset returns.
Based on Teekay Corp (TK), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 2.82. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 18.61.
Currently, EBITDA for the company is 620.59 million with net debt to EBITDA at -0.42. When we switch over and look at the enterprise to sales, we see a ratio of 0.29. The receivables turnover for the company is 7.8for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.33.
Conclusion
To wrap up, the performance of Teekay Corp (TK) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
