On Friday, Tidewater Inc. (NYSE: TDW) opened lower -3.09% from the last session, before settling in for the closing price of $87.30. Price fluctuations for TDW have ranged from $54.53 to $111.42 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted 167.20% at the time writing. With a float of $49.56 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
A key investor’s attitude towards the stock of the Oil & Gas Equipment & Services industry is another important factor to consider. The insider ownership of Tidewater Inc. is 5.59%, while institutional ownership is 98.93%. The most recent insider transaction that took place on Jun 12 ’24, was worth 21,288,816. In this transaction DIRECTOR, PRESIDENT & CEO of this company sold 201,094 shares at a rate of $105.86, taking the stock ownership to the 134,624 shares. Before that another transaction happened on Jun 12 ’24, when Company’s Director sold 20,000 for $106.38, making the entire transaction worth $2,127,606. This insider now owns 68,802 shares in total.
Tidewater Inc. (TDW) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.86 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 167.20% per share during the next fiscal year.
Tidewater Inc. (NYSE: TDW) Trading Performance Indicators
Check out the current performance indicators for Tidewater Inc. (TDW). In the past quarter, the stock posted a quick ratio of 1.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.52. Likewise, its price to free cash flow for the trailing twelve months is 26.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.02, a number that is poised to hit 1.27 in the next quarter and is forecasted to reach 8.94 in one year’s time.
Technical Analysis of Tidewater Inc. (TDW)
Compared to the last year’s volume of 0.86 million, its volume of 1.16 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 24.45%. Additionally, its Average True Range was 4.66.
During the past 100 days, Tidewater Inc.’s (TDW) raw stochastic average was set at 12.67%, which indicates a significant decrease from 15.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.85% in the past 14 days, which was higher than the 49.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $96.50, while its 200-day Moving Average is $82.64. Nevertheless, the first resistance level for the watch stands at $86.30 in the near term. At $88.01, the stock is likely to face the second major resistance level. The third major resistance level sits at $88.88. If the price goes on to break the first support level at $83.73, it is likely to go to the next support level at $82.86. Should the price break the second support level, the third support level stands at $81.15.
Tidewater Inc. (NYSE: TDW) Key Stats
There are currently 52,762K shares outstanding in the company with a market cap of 4.44 billion. Presently, the company’s annual sales total 1,010 M according to its annual income of 97,190 K. Last quarter, the company’s sales amounted to 321,160 K and its income totaled 47,030 K.
