In the past week, TK stock has gone up by 3.58%, with a monthly gain of 13.43% and a quarterly surge of 0.56%. The volatility ratio for the week is 2.04%, and the volatility levels for the last 30 days are 2.45% for Teekay Corp The simple moving average for the past 20 days is 7.73% for TK’s stock, with a 11.17% simple moving average for the past 200 days.
Is It Worth Investing in Teekay Corp (NYSE: TK) Right Now?
The price-to-earnings ratio for Teekay Corp (NYSE: TK) is above average at 5.68x, Company’s 36-month beta value is 0.52.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for TK is 58.63M, and currently, short sellers hold a 1.59% ratio of that floaft. The average trading volume of TK on September 20, 2024 was 556.13K shares.
TK) stock’s latest price update
Teekay Corp (NYSE: TK)’s stock price has soared by 0.67 in relation to previous closing price of 8.89. Nevertheless, the company has seen a gain of 3.58% in its stock price over the last five trading days. globenewswire.com reported 2024-08-07 that HAMILTON, Bermuda, Aug. 07, 2024 (GLOBE NEWSWIRE) — Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the following senior management changes following a strategic review to simplify the management structure of the Teekay Group:
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 9.79% 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 -10.05% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares surge +13.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.74% upper at present.
During the last 5 trading sessions, TK rose by +3.70%, which changed the moving average for the period of 200-days by +30.42% in comparison to the 20-day moving average, which settled at $8.36. In addition, Teekay Corp saw 25.17% 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 TK starting from Semple Alan, who proposed sale 33,487 shares at the price of $8.18 back on Aug 29 ’24. After this action, Semple Alan now owns shares of Teekay Corp, valued at $273,907 using the latest closing price.
Antturi Peter, the Director of Teekay Corp, proposed sale 27,848 shares at $7.50 during a trade that took place back on Aug 14 ’24, which means that Antturi Peter is holding shares at $208,860 based on the most recent closing price.
Stock Fundamentals for TK
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.35 for the gross margin
The net margin for Teekay Corp stands at 0.11. The total capital return value is set at 0.19. Equity return is now at value 20.03, with 6.90 for asset returns.
Based on Teekay Corp (TK), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 8.86. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 25.04.
Currently, EBITDA for the company is 620.59 million with net debt to EBITDA at -1.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.15. The receivables turnover for the company is 11.64for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.99.
Conclusion
In a nutshell, Teekay Corp (TK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
