Moreover, the 36-month beta value for RIG is 2.79. 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 731.02M and currently, short sellers hold a 20.47% of that float. On October 25, 2024, RIG’s average trading volume was 19.55M shares.
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RIG) stock’s latest price update
The stock price of Transocean Ltd (NYSE: RIG) has surged by 0.61 when compared to previous closing price of 4.10, but the company has seen a -2.71% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-24 that STEINHAUSEN, Switzerland, Oct. 24, 2024 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.
RIG’s Market Performance
Transocean Ltd (RIG) has seen a -2.71% fall in stock performance for the week, with a -1.08% decline in the past month and a -27.38% plunge in the past quarter. The volatility ratio for the week is 4.18%, and the volatility levels for the past 30 days are at 4.17% for RIG. The simple moving average for the last 20 days is -3.69% for RIG stock, with a simple moving average of -21.57% for the last 200 days.
RIG Trading at -6.97% 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 -41.57% of loss for the given period.
Volatility was left at 4.17%, however, over the last 30 days, the volatility rate increased by 4.18%, as shares sank -4.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.92% lower at present.
During the last 5 trading sessions, RIG fell by -2.45%, which changed the moving average for the period of 200-days by -27.44% in comparison to the 20-day moving average, which settled at $4.28. In addition, Transocean Ltd saw -35.04% 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, who purchase 1,500,000 shares at the price of $4.13 back on Sep 12 ’24. After this action, Perestroika now owns 91,074,894 shares of Transocean Ltd, valued at $6,195,000 using the latest closing price.
Perestroika (Cyprus) Ltd, the Director of Transocean Ltd, purchase 1,500,000 shares at $4.13 during a trade that took place back on Sep 12 ’24, which means that Perestroika (Cyprus) Ltd is holding 91,074,894 shares at $6,195,000 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 0.04.
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 3.26. 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.
