Tidewater Inc. (NYSE: TDW) has a price-to-earnings ratio that is above its average at 25.01x. The stock has a 36-month beta value of 1.16. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for TDW is 49.73M, and at present, short sellers hold a 9.87% of that float. On September 20, 2024, the average trading volume of TDW was 964.27K shares.
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TDW) stock’s latest price update
Tidewater Inc. (NYSE: TDW)’s stock price has soared by 3.00 in relation to previous closing price of 73.30. Nevertheless, the company has seen a gain of 6.82% in its stock price over the last five trading days. globenewswire.com reported 2024-08-30 that DOVER, Del., Aug. 30, 2024 (GLOBE NEWSWIRE) — Tidewater Utilities, Inc. (“Tidewater” or the “Company”), a wholly owned subsidiary of Middlesex Water Company (Nasdaq:MSEX) filed a request today with the Delaware Public Service Commission (PSC) for new rates in order to recover prudently incurred investments made in the last ten years to support continued regulatory compliance, enhance water quality, service reliability, security and resiliency of its water utility infrastructure assets.
TDW’s Market Performance
Tidewater Inc. (TDW) has experienced a 6.82% rise in stock performance for the past week, with a -11.89% drop in the past month, and a -20.88% drop in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are at 3.92% for TDW.. The simple moving average for the past 20 days is -5.30% for TDW’s stock, with a -11.41% 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 -14.61% 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 -32.24% of loss for the given period.
Volatility was left at 3.92%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares sank -12.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.22% lower at present.
During the last 5 trading sessions, TDW rose by +6.82%, which changed the moving average for the period of 200-days by +22.27% in comparison to the 20-day moving average, which settled at $79.20. In addition, Tidewater Inc. saw 4.70% 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 Kneen Quintin, who sale 201,094 shares at the price of $105.86 back on Jun 12 ’24. After this action, Kneen Quintin now owns 134,624 shares of Tidewater Inc., valued at $21,288,816 using the latest closing price.
Kneen Quintin, the DIRECTOR, PRESIDENT & CEO of Tidewater Inc., sale 166,000 shares at $103.76 during a trade that took place back on Jun 11 ’24, which means that Kneen Quintin is holding 335,718 shares at $17,223,496 based on the most recent closing price.
Stock Fundamentals for TDW
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.28 for the gross margin
The net margin for Tidewater Inc. stands at 0.13. The total capital return value is set at 0.15. Equity return is now at value 16.33, with 9.39 for asset returns.
Based on Tidewater Inc. (TDW), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 3.34.
Currently, EBITDA for the company is 354.94 million with net debt to EBITDA at 0.82. When we switch over and look at the enterprise to sales, we see a ratio of 3.45. The receivables turnover for the company is 4.5for 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 1.90.
Conclusion
To sum up, Tidewater Inc. (TDW) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
