In the past week, RIG stock has gone down by -2.46%, with a monthly gain of 0.46% and a quarterly surge of 0.93%. The volatility ratio for the week is 3.42%, and the volatility levels for the last 30 days are 4.30% for Transocean Ltd The simple moving average for the past 20 days is -0.39% for RIG’s stock, with a -14.98% simple moving average for the past 200 days.
Is It Worth Investing in Transocean Ltd (NYSE: RIG) Right Now?
RIG has 36-month beta value of 2.75. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for RIG is 731.03M, and currently, short sellers hold a 20.18% ratio of that float. The average trading volume of RIG on December 03, 2024 was 19.85M shares.
RIG) stock’s latest price update
Transocean Ltd (NYSE: RIG)’s stock price has decreased by -0.91 compared to its previous closing price of 4.40. However, the company has seen a -2.46% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-11-29 that Transocean (RIG) reported earnings 30 days ago. What’s next for the stock?
RIG Trading at 1.04% 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 -36.63% of loss for the given period.
Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares surge +2.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.96% lower at present.
During the last 5 trading sessions, RIG fell by -2.46%, which changed the moving average for the period of 200-days by -13.32% in comparison to the 20-day moving average, which settled at $4.38. In addition, Transocean Ltd saw -31.34% 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 RODERICK J MACKENZIE, who proposed sale 37,261 shares at the price of $4.38 back on Nov 22 ’24. After this action, RODERICK J MACKENZIE now owns shares of Transocean Ltd, valued at $163,203 using the latest closing price.
Mackenzie Roderick James, the EVP, Chief Commercial Officer of Transocean Ltd, sale 37,261 shares at $4.38 during a trade that took place back on Nov 22 ’24, which means that Mackenzie Roderick James is holding 273,596 shares at $163,203 based on the most recent closing price.
Stock Fundamentals for RIG
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.28 for the gross margin
The net margin for Transocean Ltd stands at -0.19. The total capital return value is set at 0.01. Equity return is now at value -6.07, with -3.15 for asset returns.
Based on Transocean Ltd (RIG), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 0.54.
Currently, EBITDA for the company is 501.0 million with net debt to EBITDA at 19.68. When we switch over and look at the enterprise to sales, we see a ratio of 3.01. The receivables turnover for the company is 5.58for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
To put it simply, Transocean Ltd (RIG) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
