Tidewater Inc. (TDW) is expecting 31.41% growth in the next quarter: What can investors do to maximize their returns?

Tidewater Inc. (NYSE: TDW) kicked off on Tuesday, up 1.02% from the previous trading day, before settling in for the closing price of $93.80. Over the past 52 weeks, TDW has traded in a range of $39.41-$95.15.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 25.05%. While this was happening, its average annual earnings per share was recorded 180.76%. With a float of $48.05 million, this company’s outstanding shares have now reached $52.26 million.

Considering the fact that the conglomerate employs 7300 people, you should pay attention to its efficiency factor.

Tidewater Inc. (TDW) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Equipment & Services Industry. The insider ownership of Tidewater Inc. is 8.07%, while institutional ownership is 95.03%. The most recent insider transaction that took place on Mar 05 ’24, was worth 1,597,992. In this transaction EVP, CFO & CAO of this company sold 19,641 shares at a rate of $81.36, taking the stock ownership to the 98,036 shares. Before that another transaction happened on Mar 05 ’24, when Company’s EVP, COO & CHIEF HR OFFICER sold 17,821 for $82.08, making the entire transaction worth $1,462,748. This insider now owns 85,959 shares in total.

Tidewater Inc. (TDW) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.7 earnings per share (EPS), lower than consensus estimate (set at $0.79) by -$0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.17 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 180.76% per share during the next fiscal year.

Tidewater Inc. (NYSE: TDW) Trading Performance Indicators

Take a look at Tidewater Inc.’s (TDW) current performance indicators. Last quarter, stock had a quick ratio of 1.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.90. Likewise, its price to free cash flow for the trailing twelve months is 84.87.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.83, a number that is poised to hit 0.63 in the next quarter and is forecasted to reach 8.19 in one year’s time.

Technical Analysis of Tidewater Inc. (TDW)

Compared to the last year’s volume of 0.77 million, its volume of 0.73 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 85.94%. Additionally, its Average True Range was 3.11.

During the past 100 days, Tidewater Inc.’s (TDW) raw stochastic average was set at 98.58%, which indicates a significant increase from 95.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.39% in the past 14 days, which was lower than the 47.79% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $77.23, while its 200-day Moving Average is $66.60. Nevertheless, the first resistance level for the watch stands at $96.00 in the near term. At $97.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $99.14. If the price goes on to break the first support level at $92.86, it is likely to go to the next support level at $90.96. Should the price break the second support level, the third support level stands at $89.72.

Tidewater Inc. (NYSE: TDW) Key Stats

The company with the Market Capitalisation of 4.95 billion has total of 52,271K Shares Outstanding. Its annual sales at the moment are 1,010 M in contrast with the sum of 97,190 K annual income. Company’s last quarter sales were recorded 302,660 K and last quarter income was 37,660 K.