A new trading day began on Monday, with Tidewater Inc. (NYSE: TDW) stock price down -3.36% from the previous day of trading, before settling in for the closing price of $96.89. TDW’s price has ranged from $39.41 to $101.10 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 25.05% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 180.76%. With a float of $48.06 million, this company’s outstanding shares have now reached $52.26 million.
In an organization with 7300 employees, it is important to assess its efficiency.
Tidewater Inc. (TDW) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Equipment & Services Industry. The insider ownership of Tidewater Inc. is 8.06%, while institutional ownership is 94.61%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 56.57 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
Here are Tidewater Inc.’s current performance indicators. According to the last quarter’s results, the 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 4.85. Likewise, its price to free cash flow for the trailing twelve months is 83.86.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.61 million. That was inferior than the volume of 0.78 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 43.21%. Additionally, its Average True Range was 3.54.
During the past 100 days, Tidewater Inc.’s (TDW) raw stochastic average was set at 83.96%, which indicates a significant increase from 34.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.71% in the past 14 days, which was lower than the 42.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $81.99, while its 200-day Moving Average is $68.90. However, in the short run, Tidewater Inc.’s stock first resistance to watch stands at $97.10. Second resistance stands at $100.56. The third major resistance level sits at $102.56. If the price goes on to break the first support level at $91.64, it is likely to go to the next support level at $89.64. The third support level lies at $86.18 if the price breaches the second support level.
Tidewater Inc. (NYSE: TDW) Key Stats
With a market capitalization of 4.89 billion, the company has a total of 52,271K Shares Outstanding. Currently, annual sales are 1,010 M while annual income is 97,190 K. The company’s previous quarter sales were 302,660 K while its latest quarter income was 37,660 K.
