Moreover, the 36-month beta value for RIG is 2.81. Analysts have varying opinions on the stock, with 12 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 7 as “sell.”
The public float for RIG is 727.60M and currently, short sellers hold a 21.82% of that float. On August 30, 2024, RIG’s average trading volume was 18.51M shares.
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RIG) stock’s latest price update
Transocean Ltd (NYSE: RIG)’s stock price has dropped by -0.42 in relation to previous closing price of 4.74. Nevertheless, the company has seen a loss of -5.03% in its stock price over the last five trading days. marketbeat.com reported 2024-08-19 that When markets start to get choppy, investors typically look for the most affordable stocks that promise some upside potential for the coming quarters. After the S&P 500 had a small version of a “flash crash” triggered by the unwind of the so-called “carry trade” between the Japanese yen and U.S. dollar, a quick recovery signaled markets that things might be better than they seem.
RIG’s Market Performance
RIG’s stock has fallen by -5.03% in the past week, with a monthly drop of -13.55% and a quarterly drop of -23.87%. The volatility ratio for the week is 3.36% while the volatility levels for the last 30 days are 3.98% for Transocean Ltd. The simple moving average for the past 20 days is -6.29% for RIG’s stock, with a -16.34% simple moving average for the past 200 days.
Analysts’ Opinion of RIG
Many brokerage firms have already submitted their reports for RIG stocks, with Susquehanna repeating the rating for RIG by listing it as a “Positive.” The predicted price for RIG in the upcoming period, according to Susquehanna is $9 based on the research report published on April 08, 2024 of the current year 2024.
CapitalOne, on the other hand, stated in their research note that they expect to see RIG reach a price target of $8. The rating they have provided for RIG stocks is “Equal Weight” according to the report published on November 28th, 2023.
Citigroup gave a rating of “Buy” to RIG, setting the target price at $9.50 in the report published on July 05th of the previous year.
RIG Trading at -9.57% 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 -46.85% of loss for the given period.
Volatility was left at 3.98%, however, over the last 30 days, the volatility rate increased by 3.36%, as shares sank -8.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.09% lower at present.
During the last 5 trading sessions, RIG fell by -4.39%, which changed the moving average for the period of 200-days by -27.34% in comparison to the 20-day moving average, which settled at $5.01. In addition, Transocean Ltd saw -25.67% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RIG starting from Perestroika (Cyprus) Ltd, who purchase 2,000,000 shares at the price of $5.23 back on Aug 02 ’24. After this action, Perestroika (Cyprus) Ltd now owns 89,574,894 shares of Transocean Ltd, valued at $10,460,000 using the latest closing price.
Perestroika, the Director of Transocean Ltd, purchase 2,000,000 shares at $5.23 during a trade that took place back on Aug 02 ’24, which means that Perestroika is holding 89,574,894 shares at $10,460,000 based on the most recent closing price.
Stock Fundamentals for RIG
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.23 for the gross margin
The net margin for Transocean Ltd stands at -0.11. The total capital return value is set at 0.0. Equity return is now at value -3.31, with -1.72 for asset returns.
Based on Transocean Ltd (RIG), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 0.05.
Currently, EBITDA for the company is 711.0 million with net debt to EBITDA at 7.88. When we switch over and look at the enterprise to sales, we see a ratio of 3.43. The receivables turnover for the company is 5.07for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
To wrap up, the performance of Transocean Ltd (RIG) has been bad in recent times. The stock has received a bearish of “sell” 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.
