The stock of Tidewater Inc. (TDW) has seen a 13.93% increase in the past week, with a 7.91% gain in the past month, and a 57.61% flourish in the past quarter. The volatility ratio for the week is 4.38%, and the volatility levels for the past 30 days are at 4.00% for TDW. The simple moving average for the past 20 days is 11.59% for TDW’s stock, with a 48.25% simple moving average for the past 200 days.
Is It Worth Investing in Tidewater Inc. (NYSE: TDW) Right Now?
Tidewater Inc. (NYSE: TDW) has a higher price-to-earnings ratio of 42.63x compared to its average ratio. TDW has 36-month beta value of 1.23. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for TDW is 48.51M, and currently, short sellers hold a 10.73% ratio of that float. The average trading volume of TDW on May 10, 2024 was 819.56K shares.
TDW) stock’s latest price update
Tidewater Inc. (NYSE: TDW) has experienced a decline in its stock price by -0.16 compared to its previous closing price of 107.14. However, the company has seen a gain of 13.93% in its stock price over the last five trading days. Business Wire reported 2024-04-25 that HOUSTON–(BUSINESS WIRE)–Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that it will release financial results for the three months ending March 31, 2024, on Thursday, May 2, 2024 after market close. An earnings conference call has been scheduled for Friday, May 3, 2024, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending March 31, 2024. Investors and interested parties may liste.
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 17.35% 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 -4.00% of loss for the given period.
Volatility was left at 4.00%, however, over the last 30 days, the volatility rate increased by 4.38%, as shares surge +8.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.01% upper at present.
During the last 5 trading sessions, TDW rose by +13.93%, which changed the moving average for the period of 200-days by +80.39% in comparison to the 20-day moving average, which settled at $96.30. In addition, Tidewater Inc. saw 48.34% 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 Hudson Daniel A., who sale 20,000 shares at the price of $109.00 back on May 09 ’24. After this action, Hudson Daniel A. now owns 74,542 shares of Tidewater Inc., valued at $2,180,000 using the latest closing price.
Rubio Samuel R, the EVP, CFO & CAO of Tidewater Inc., sale 24,396 shares at $107.39 during a trade that took place back on May 08 ’24, which means that Rubio Samuel R is holding 64,527 shares at $2,619,764 based on the most recent closing price.
Stock Fundamentals for TDW
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.28 for the gross margin
The net margin for Tidewater Inc. stands at 0.12. The total capital return value is set at 0.13. Equity return is now at value 13.83, with 7.84 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 0.2. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 3.51.
Currently, EBITDA for the company is 354.94 million with net debt to EBITDA at 1.08. When we switch over and look at the enterprise to sales, we see a ratio of 5.34. The receivables turnover for the company is 3.98for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.
Conclusion
To put it simply, Tidewater Inc. (TDW) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
