Transocean Ltd (NYSE: RIG) kicked off on Friday, down -0.64% from the previous trading day, before settling in for the closing price of $6.22. Over the past 52 weeks, RIG has traded in a range of $4.45-$8.88.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Energy sector was -0.59%. While this was happening, its average annual earnings per share was recorded 96.97%. With a float of $721.19 million, this company’s outstanding shares have now reached $809.03 million.
Considering the fact that the conglomerate employs 5800 people, you should pay attention to its efficiency factor.
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 12.01%, while institutional ownership is 68.05%. The most recent insider transaction that took place on Feb 27 ’24, was worth 4,890,000. In this transaction Director of this company bought 1,000,000 shares at a rate of $4.89, taking the stock ownership to the 85,574,894 shares. Before that another transaction happened on Feb 27 ’24, when Company’s Director bought 1,000,000 for $4.89, making the entire transaction worth $4,890,000. This insider now owns 85,574,894 shares in total.
Transocean Ltd (RIG) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 96.97% 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 1.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.27, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach 0.43 in one year’s time.
Technical Analysis of Transocean Ltd (RIG)
Compared to the last year’s volume of 17.97 million, its volume of 21.83 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 15.45%. Additionally, its Average True Range was 0.27.
During the past 100 days, Transocean Ltd’s (RIG) raw stochastic average was set at 71.19%, which indicates a significant increase from 22.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.43% in the past 14 days, which was lower than the 42.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.55, while its 200-day Moving Average is $6.77. Nevertheless, the first resistance level for the watch stands at $6.39 in the near term. At $6.60, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.75. If the price goes on to break the first support level at $6.03, it is likely to go to the next support level at $5.88. Should the price break the second support level, the third support level stands at $5.67.
Transocean Ltd (NYSE: RIG) Key Stats
The company with the Market Capitalisation of 5.07 billion has total of 819,580K Shares Outstanding. Its annual sales at the moment are 2,832 M in contrast with the sum of -954,000 K annual income. Company’s last quarter sales were recorded 741,000 K and last quarter income was -104,000 K.
