Tidewater Inc. (TDW) 20 Days SMA touches 14.14%: The odds favor the bear

Tidewater Inc. (NYSE: TDW) on January 24, 2023, started off the session at the price of $42.36, plunging -0.26% from the previous trading day. During the day, the shares moved up to $42.67 and dropped to $40.85 before settling in for the closing price of $42.60. Within the past 52 weeks, TDW’s price has moved between $12.16 and $43.38.

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During the last 5-year period, the sales drop of Energy Sector giant was -9.20%. The company achieved an average annual earnings per share of 35.30%. With a float of $49.77 million, this company’s outstanding shares have now reached $50.49 million.

Let’s determine the extent of company efficiency that accounts for 4400 employees.

Tidewater Inc. (TDW) Insider Activity

Observing investor behavior towards Oil & Gas Equipment & Services industry stocks is more important than anything else. The insider ownership of Tidewater Inc. is 0.30%, while institutional ownership is 85.70%. The most recent insider transaction that took place on Nov 28, was worth 637,566. In this transaction Director of this company bought 21,488 shares at a rate of $29.67, taking the stock ownership to the 3,036,296 shares. Before that another transaction happened on Nov 25, when Company’s Director bought 25,300 for $30.34, making the entire transaction worth $767,688. This insider now owns 3,014,808 shares in total.

Tidewater Inc. (TDW) Earnings and Forecasts

As on 6/29/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.61 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.25) by -$0.36. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 35.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to 62.80% growth over the previous five years of trading.

Tidewater Inc. (NYSE: TDW) Trading Performance Indicators

Tidewater Inc. (TDW) is currently performing well based on its current performance indicators. A quick ratio of 1.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.65.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.72, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.81 in one year’s time.

Technical Analysis of Tidewater Inc. (TDW)

Looking closely at Tidewater Inc. (NYSE: TDW), its last 5-days average volume was 0.9 million, which is a jump from its year-to-date volume of 0.9 million. As of the previous 9 days, the stock’s Stochastic %D was 88.29%. Additionally, its Average True Range was 1.96.

During the past 100 days, Tidewater Inc.’s (TDW) raw stochastic average was set at 96.19%, which indicates a significant increase from 91.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.41% in the past 14 days, which was lower than the 54.87% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $33.95, while its 200-day Moving Average is $25.99. However, in the short run, Tidewater Inc.’s stock first resistance to watch stands at $43.16. Second resistance stands at $43.82. The third major resistance level sits at $44.98. If the price goes on to break the first support level at $41.34, it is likely to go to the next support level at $40.18. Should the price break the second support level, the third support level stands at $39.52.

Tidewater Inc. (NYSE: TDW) Key Stats

Market capitalization of the company is 2.07 billion based on 46,506K outstanding shares. Right now, sales total 371,030 K and income totals -128,970 K. The company made 191,760 K in profit during its latest quarter, and 5,380 K in sales during its previous quarter.


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