Teekay Corporation (TK)’s latest performance is not what we had anticipated

A new trading day began on January 24, 2023, with Teekay Corporation (NYSE: TK) stock priced at $4.655, down -1.29% from the previous day of trading. During the day, the shares moved up to $4.655 and dropped to $4.47 before settling in for the closing price of $4.64. TK’s price has ranged from $2.54 to $4.80 over the past 52 weeks.

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It was noted that within the last five years, the titan of the Energy sector saw sales slided by -21.80%. Meanwhile, its annual earnings per share averaged -32.90%. With a float of $67.00 million, this company’s outstanding shares have now reached $102.61 million.

The extent of productivity of a business whose workforce counts for 4150 workers is very important to gauge. In terms of profitability, gross margin is -7.29, operating margin of -18.19, and the pretax margin is -41.38.

Teekay Corporation (TK) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Integrated Industry. The insider ownership of Teekay Corporation is 41.70%, while institutional ownership is 32.40%.

Teekay Corporation (TK) Performance Highlights and Predictions

This company achieved a net margin of -15.04 while generating a return on equity of -20.61. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -32.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% during the next five years compared to -10.90% drop over the previous five years of trading.

Teekay Corporation (NYSE: TK) Trading Performance Indicators

Here are Teekay Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.45.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.95

Technical Analysis of Teekay Corporation (TK)

The latest stats from [Teekay Corporation, TK] show that its last 5-days average volume of 0.75 million was inferior to 0.8 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 72.40%. Additionally, its Average True Range was 0.19.

During the past 100 days, Teekay Corporation’s (TK) raw stochastic average was set at 86.16%, which indicates a significant increase from 65.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.88% in the past 14 days, which was higher than the 43.81% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.43, while its 200-day Moving Average is $3.66. Now, the first resistance to watch is $4.67. This is followed by the second major resistance level at $4.75. The third major resistance level sits at $4.85. If the price goes on to break the first support level at $4.48, it is likely to go to the next support level at $4.38. Assuming the price breaks the second support level, the third support level stands at $4.30.

Teekay Corporation (NYSE: TK) Key Stats

With a market capitalization of 443.02 million, the company has a total of 101,693K Shares Outstanding. Currently, annual sales are 682,510 K while annual income is 7,810 K. The company’s previous quarter sales were 303,200 K while its latest quarter income was 33,130 K.


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