Tidewater Inc (NYSE: TDW) has a higher price-to-earnings ratio of 15.63x compared to its average ratio, The 36-month beta value for TDW is at 1.12. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for TDW is 49.57M, and currently, shorts hold a 12.54% of that float. The average trading volume for TDW on November 15, 2024 was 1.02M shares.
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TDW) stock’s latest price update
The stock price of Tidewater Inc (NYSE: TDW) has surged by 0.15 when compared to previous closing price of 53.11, but the company has seen a -17.08% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-08 that Tidewater Inc. (NYSE:TDW ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants West Gotcher – VP, Finance and IR Quintin Kneen – President and CEO Piers Middleton – CCO Samuel Rubio – CFO Conference Call Participants Jim Rollyson – Raymond James David Smith – Pickering Energy Partners Greg Lewis – BTIG Don Crist – Johnson Rice James West – Evercore Fredrik Stene – Clarksons Securities Operator Thank you for standing by. My name is Novi, and I’ll be your operator today.
TDW’s Market Performance
TDW’s stock has fallen by -17.08% in the past week, with a monthly drop of -16.14% and a quarterly drop of -40.40%. The volatility ratio for the week is 4.56% while the volatility levels for the last 30 days are 3.72% for Tidewater Inc The simple moving average for the past 20 days is -10.97% for TDW’s stock, with a -37.32% simple moving average for the past 200 days.
Analysts’ Opinion of TDW
Many brokerage firms have already submitted their reports for TDW stocks, with Raymond James repeating the rating for TDW by listing it as a “Outperform.” The predicted price for TDW in the upcoming period, according to Raymond James is $102 based on the research report published on November 11, 2024 of the current year 2024.
Johnson Rice, on the other hand, stated in their research note that they expect to see TDW reach a price target of $88. The rating they have provided for TDW stocks is “Buy” according to the report published on February 09th, 2024.
TDW Trading at -20.05% 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 -52.26% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 4.56%, as shares sank -16.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.02% lower at present.
During the last 5 trading sessions, TDW fell by -17.08%, which changed the moving average for the period of 200-days by -20.84% in comparison to the 20-day moving average, which settled at $59.74. In addition, Tidewater Inc saw -26.24% 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 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
- 0.34 for the gross margin
The net margin for Tidewater Inc stands at 0.14. The total capital return value is set at 0.16. Equity return is now at value 16.88, with 8.81 for asset returns.
Based on Tidewater Inc (TDW), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 3.6.
Currently, EBITDA for the company is 367.73 million with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 2.42. The receivables turnover for the company is 4.45for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.28.
Conclusion
In conclusion, Tidewater Inc (TDW) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
