Transocean Ltd (RIG) 20 Days SMA touches -4.03%: The odds favor the bear

Transocean Ltd (NYSE: RIG) kicked off on November 20, 2023, at the price of $6.60, down -1.54% from the previous trading day. During the day, the shares moved up to $6.66 and dropped to $6.39 before settling in for the closing price of $6.50. Over the past 52 weeks, RIG has traded in a range of $3.65-$8.88.

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During the last 5-year period, the sales drop of Energy Sector giant was -2.37%. While this was happening, its average annual earnings per share was recorded -1.31%. With a float of $711.15 million, this company’s outstanding shares have now reached $721.89 million.

Let’s determine the extent of company efficiency that accounts for 5340 employees. In terms of profitability, gross margin is +6.25, operating margin of -0.82, and the pretax margin is -21.83.

Transocean Ltd (RIG) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Drilling Industry. The insider ownership of Transocean Ltd is 12.10%, while institutional ownership is 67.46%. The most recent insider transaction that took place on Aug 31, was worth 470,669. In this transaction SVP – CHIEF ACCOUNTING OFFICER of this company sold 57,259 shares at a rate of $8.22, taking the stock ownership to the 417,789 shares. Before that another transaction happened on Aug 03, when Company’s EVP & CFO sold 396,170 for $8.50, making the entire transaction worth $3,367,445. This insider now owns 984,317 shares in total.

Transocean Ltd (RIG) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.36 earnings per share (EPS), lower than consensus estimate (set at -$0.23) by -$0.13. This company achieved a net margin of -24.12 while generating a return on equity of -5.65. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -1.31% per share during the next fiscal year.

Transocean Ltd (NYSE: RIG) Trading Performance Indicators

Take a look at Transocean Ltd’s (RIG) current performance indicators. Last quarter, stock had a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.92.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.62, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach 0.19 in one year’s time.

Technical Analysis of Transocean Ltd (RIG)

Looking closely at Transocean Ltd (NYSE: RIG), its last 5-days average volume was 13.77 million, which is a drop from its year-to-date volume of 17.89 million. As of the previous 9 days, the stock’s Stochastic %D was 25.88%. Additionally, its Average True Range was 0.31.

During the past 100 days, Transocean Ltd’s (RIG) raw stochastic average was set at 8.15%, which indicates a significant decrease from 25.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.42% in the past 14 days, which was lower than the 44.58% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.40, while its 200-day Moving Average is $7.07. However, in the short run, Transocean Ltd’s stock first resistance to watch stands at $6.58. Second resistance stands at $6.75. The third major resistance level sits at $6.85. If the price goes on to break the first support level at $6.31, it is likely to go to the next support level at $6.21. Should the price break the second support level, the third support level stands at $6.04.

Transocean Ltd (NYSE: RIG) Key Stats

The company with the Market Capitalisation of 5.18 billion has total of 809,031K Shares Outstanding. Its annual sales at the moment are 2,575 M in contrast with the sum of -621,000 K annual income. Company’s last quarter sales were recorded 713,000 K and last quarter income was -220,000 K.


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