On Friday, Transocean Ltd (NYSE: RIG) opened lower -5.38% from the last session, before settling in for the closing price of $4.46. Price fluctuations for RIG have ranged from $3.85 to $6.88 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Energy sector saw sales slided by -0.59%. Company’s average yearly earnings per share was noted 86.96% at the time writing. With a float of $731.30 million, this company’s outstanding shares have now reached $809.03 million.
The extent of productivity of a business whose workforce counts for 5800 workers is very important to gauge. In terms of profitability, gross margin is 28.49%, operating margin of 6.73%, and the pretax margin is -20.16%.
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 16.50%, while institutional ownership is 70.13%. 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 9/30/2024, the company posted -0.09 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.24) by 0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 86.96% 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 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.06.
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 0.16 in one year’s time.
Technical Analysis of Transocean Ltd (RIG)
The latest stats from [Transocean Ltd, RIG] show that its last 5-days average volume of 19.32 million was superior to 18.58 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 24.64%. Additionally, its Average True Range was 0.21.
During the past 100 days, Transocean Ltd’s (RIG) raw stochastic average was set at 17.37%, which indicates a significant decrease from 37.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.73% in the past 14 days, which was higher than the 53.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.31, while its 200-day Moving Average is $5.17. Now, the first resistance to watch is $4.43. This is followed by the second major resistance level at $4.65. The third major resistance level sits at $4.77. If the price goes on to break the first support level at $4.09, it is likely to go to the next support level at $3.97. Assuming the price breaks the second support level, the third support level stands at $3.75.
Transocean Ltd (NYSE: RIG) Key Stats
There are currently 875,804K shares outstanding in the company with a market cap of 3.50 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 948,000 K and its income totaled -494,000 K.
