Tidewater Inc (NYSE: TDW) kicked off on Tuesday, down -0.57% from the previous trading day, before settling in for the closing price of $50.97. Over the past 52 weeks, TDW has traded in a range of $50.33-$111.42.
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Annual sales at Energy sector company grew by 25.05% over the past five years. While this was happening, its average annual earnings per share was recorded 93.76%. With a float of $49.63 million, this company’s outstanding shares have now reached $52.26 million.
Let’s look at the performance matrix of the company that is accounted for 7300 employees. In terms of profitability, gross margin is 33.99%, operating margin of 21.14%, and the pretax margin is 17.23%.
Tidewater Inc (TDW) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Equipment & Services Industry. The insider ownership of Tidewater Inc is 5.14%, while institutional ownership is 100.01%. 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 11 ’24, when Company’s DIRECTOR, PRESIDENT & CEO sold 166,000 for $103.76, making the entire transaction worth $17,223,496. This insider now owns 335,718 shares in total.
Tidewater Inc (TDW) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.74 earnings per share (EPS), lower than consensus estimate (set at 0.79) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 93.76% per share during the next fiscal year.
Tidewater Inc (NYSE: TDW) Trading Performance Indicators
Take a look at Tidewater Inc’s (TDW) current performance indicators. Last quarter, stock had a quick ratio of 2.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.03. Likewise, its price to free cash flow for the trailing twelve months is 13.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.40, a number that is poised to hit 0.94 in the next quarter and is forecasted to reach 5.50 in one year’s time.
Technical Analysis of Tidewater Inc (TDW)
Tidewater Inc (NYSE: TDW) saw its 5-day average volume 0.92 million, a positive change from its year-to-date volume of 0.91 million. As of the previous 9 days, the stock’s Stochastic %D was 2.62%. Additionally, its Average True Range was 2.57.
During the past 100 days, Tidewater Inc’s (TDW) raw stochastic average was set at 0.93%, which indicates a significant decrease from 3.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.76% in the past 14 days, which was higher than the 48.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $65.23, while its 200-day Moving Average is $84.63. Nevertheless, the first resistance level for the watch stands at $51.43 in the near term. At $52.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $52.82. If the price goes on to break the first support level at $50.04, it is likely to go to the next support level at $49.39. Assuming the price breaks the second support level, the third support level stands at $48.65.
Tidewater Inc (NYSE: TDW) Key Stats
The company with the Market Capitalisation of 2.65 billion has total of 52,323K Shares Outstanding. Its annual sales at the moment are 1,010 M in contrast with the sum of 97,190 K annual income. Company’s last quarter sales were recorded 340,360 K and last quarter income was 46,370 K.
