On Monday, Transocean Ltd (NYSE: RIG) opened lower -1.40% from the last session, before settling in for the closing price of $4.30. Price fluctuations for RIG have ranged from $3.85 to $7.96 over the past 52 weeks.
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A company in the Energy sector has dropped its sales by -0.59% annually for the last half of the decade. Company’s average yearly earnings per share was noted 86.18% at the time writing. With a float of $717.05 million, this company’s outstanding shares have now reached $809.03 million.
In an organization with 5800 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 22.97%, operating margin of 0.65%, and the pretax margin is -13.19%.
Transocean Ltd (RIG) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas Drilling industry is another important factor to consider. The insider ownership of Transocean Ltd is 18.09%, while institutional ownership is 69.69%. The most recent insider transaction that took place on Sep 12 ’24, was worth 6,195,000. In this transaction Director of this company bought 1,500,000 shares at a rate of $4.13, taking the stock ownership to the 91,074,894 shares. Before that another transaction happened on Sep 12 ’24, when Company’s Director bought 1,500,000 for $4.13, making the entire transaction worth $6,195,000. This insider now owns 91,074,894 shares in total.
Transocean Ltd (RIG) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.36 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.23) by -0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 86.18% per share during the next fiscal year.
Transocean Ltd (NYSE: RIG) Trading Performance Indicators
Check out the current performance indicators for Transocean Ltd (RIG). In the past quarter, the stock posted a quick ratio of 1.08. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.46, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.28 in one year’s time.
Technical Analysis of Transocean Ltd (RIG)
Let’s dig in a bit further. During the last 5-days, its volume was 13.36 million. That was inferior than the volume of 18.43 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.68%. Additionally, its Average True Range was 0.20.
During the past 100 days, Transocean Ltd’s (RIG) raw stochastic average was set at 16.25%, which indicates a significant decrease from 19.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.17% in the past 14 days, which was lower than the 52.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.61, while its 200-day Moving Average is $5.35. However, in the short run, Transocean Ltd’s stock first resistance to watch stands at $4.29. Second resistance stands at $4.33. The third major resistance level sits at $4.42. If the price goes on to break the first support level at $4.16, it is likely to go to the next support level at $4.07. Assuming the price breaks the second support level, the third support level stands at $4.03.
Transocean Ltd (NYSE: RIG) Key Stats
There are currently 940,829K shares outstanding in the company with a market cap of 3.71 billion. Presently, the company’s annual sales total 2,832 M according to its annual income of -954,000 K. Last quarter, the company’s sales amounted to 861,000 K and its income totaled -123,000 K.
