Investors must take note of Transocean Ltd’s (RIG) performance last week, which was 2.42%.

Transocean Ltd (NYSE: RIG) on Friday, plunged -2.30% from the previous trading day, before settling in for the closing price of $4.34. Within the past 52 weeks, RIG’s price has moved between $3.85 and $7.05.

A company in the Energy sector has dropped its sales by -0.59% annually for the last half of the decade. The company achieved an average annual earnings per share of 85.37%. With a float of $731.30 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 44.88%, operating margin of 40.11%, and the pretax margin is -20.16%.

Transocean Ltd (RIG) Insider and Institutional Ownership

Observing investor behavior towards Oil & Gas Drilling industry stocks is more important than anything else. The insider ownership of Transocean Ltd is 16.50%, while institutional ownership is 69.11%. 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) Latest Financial update

As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.09 earnings per share (EPS) for the period topping the consensus outlook (set at -0.23) by 0.14. 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 85.37% per share during the next fiscal year.

Transocean Ltd (NYSE: RIG) Trading Performance Indicators

Transocean Ltd (RIG) is currently performing well based on its current performance indicators. A quick ratio of 1.34 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.10.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.76, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.18 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 23.36 million. That was better than the volume of 18.47 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 53.57%. Additionally, its Average True Range was 0.21.

During the past 100 days, Transocean Ltd’s (RIG) raw stochastic average was set at 18.31%, which indicates a significant decrease from 55.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.37% in the past 14 days, which was higher than the 51.69% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.34, while its 200-day Moving Average is $5.23. However, in the short run, Transocean Ltd’s stock first resistance to watch stands at $4.42. Second resistance stands at $4.61. The third major resistance level sits at $4.70. If the price goes on to break the first support level at $4.14, it is likely to go to the next support level at $4.05. The third support level lies at $3.86 if the price breaches the second support level.

Transocean Ltd (NYSE: RIG) Key Stats

Market capitalization of the company is 3.63 billion based on 875,470K outstanding shares. Right now, sales total 2,832 M and income totals -954,000 K. The company made 861,000 K in profit during its latest quarter, and -123,000 K in sales during its previous quarter.