The stock of Teekay Corporation Ltd (NYSE: TK) has increased by 1.25 when compared to last closing price of 7.97.Despite this, the company has seen a loss of -1.82% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-13 that Teekay Corporation reported profitable third quarter results, which were again driven by the performance of its main consolidated subsidiary, Teekay Tankers. In recent months, TK has executed significant share buybacks and increased its stake in Teekay Tankers. The company also announced a new $40 million share repurchase program. In addition, a $1 special cash dividend will be distributed to common shareholders next month.
Is It Worth Investing in Teekay Corporation Ltd (NYSE: TK) Right Now?
Teekay Corporation Ltd (NYSE: TK) has a price-to-earnings ratio of 5.33x that is above its average ratio. Additionally, the 36-month beta value for TK is 0.52. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
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The public float for TK is 58.63M and currently, short sellers hold a 0.98% ratio of that float. The average trading volume of TK on November 14, 2024 was 774.93K shares.
TK’s Market Performance
TK stock saw a decrease of -1.82% in the past week, with a monthly decline of -5.06% and a quarterly a decrease of 0.87%. The volatility ratio for the week is 3.26%, and the volatility levels for the last 30 days are 3.14% for Teekay Corporation Ltd (TK). The simple moving average for the past 20 days is 0.89% for TK’s stock, with a -2.01% simple moving average for the past 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 -5.68% 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 -18.89% of loss for the given period.
Volatility was left at 3.14%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares sank -4.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.13% upper at present.
During the last 5 trading sessions, TK fell by -1.95%, which changed the moving average for the period of 200-days by -10.34% in comparison to the 20-day moving average, which settled at $8.00. In addition, Teekay Corporation Ltd saw 12.87% 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 Corporation Ltd, valued at $79,238 using the latest closing price.
Semple Alan, the Director of Teekay Corporation Ltd, 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:
- 0.3 for the present operating margin
- 0.35 for the gross margin
The net margin for Teekay Corporation Ltd stands at 0.11. The total capital return value is set at 0.18. Equity return is now at value 19.16, with 6.66 for asset returns.
Based on Teekay Corporation Ltd (TK), the company’s capital structure generated -0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -19.68. The debt to equity ratio resting at -0.03. The interest coverage ratio of the stock is 35.73.
Currently, EBITDA for the company is 655.14 million with net debt to EBITDA at -1.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.09. The receivables turnover for the company is 9.26for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.84.
Conclusion
In conclusion, Teekay Corporation Ltd (TK) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
