The price-to-earnings ratio for Teekay Corp (NYSE: TK) is above average at 5.96x, 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.”
The public float for TK is 58.63M, and currently, short sellers hold a 1.27% ratio of that floaft. The average trading volume of TK on September 27, 2024 was 574.27K shares.
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TK) stock’s latest price update
Teekay Corp (NYSE: TK)’s stock price has increased by 3.41 compared to its previous closing price of 9.08. However, the company has seen a 5.62% increase in its stock price over the last five trading sessions. 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:
TK’s Market Performance
Teekay Corp (TK) has seen a 5.62% rise in stock performance for the week, with a 14.37% gain in the past month and a 2.96% surge in the past quarter. The volatility ratio for the week is 2.92%, and the volatility levels for the past 30 days are at 2.59% for TK. The simple moving average for the last 20 days is 10.42% for TK stock, with a simple moving average of 15.97% for the last 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 14.33% 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 -5.63% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +15.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.79% upper at present.
During the last 5 trading sessions, TK rose by +5.62%, which changed the moving average for the period of 200-days by +40.57% in comparison to the 20-day moving average, which settled at $8.57. In addition, Teekay Corp saw 31.33% 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 Speers Brody, who proposed sale 8,679 shares at the price of $9.13 back on Sep 24 ’24. After this action, Speers Brody now owns shares of Teekay Corp, valued at $79,238 using the latest closing price.
Semple Alan, the Director of Teekay Corp, proposed sale 33,487 shares at $8.18 during a trade that took place back on Aug 29 ’24, which means that Semple Alan is holding shares at $273,907 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 0.18. 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.
