Transocean Ltd (NYSE: RIG) kicked off on Friday, up 3.00% from the previous trading day, before settling in for the closing price of $4.34. Over the past 52 weeks, RIG has traded in a range of $3.85-$6.88.
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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%. While this was happening, its average annual earnings per share was recorded 86.96%. 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Drilling Industry. The insider ownership of Transocean Ltd is 16.50%, while institutional ownership is 69.99%. The most recent insider transaction that took place on Nov 22 ’24, was worth 163,203. Before that another transaction happened on Nov 22 ’24, when Company’s EVP, Chief Commercial Officer sold 37,261 for $4.38, making the entire transaction worth $163,203. This insider now owns 273,596 shares in total.
Transocean Ltd (RIG) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.09 earnings per share (EPS), higher than consensus estimate (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
Take a look at Transocean Ltd’s (RIG) current performance indicators. Last quarter, stock had a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.22.
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 16.64 million was inferior to 18.54 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 50.26%. Additionally, its Average True Range was 0.20.
During the past 100 days, Transocean Ltd’s (RIG) raw stochastic average was set at 29.11%, which indicates a significant decrease from 54.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.06% in the past 14 days, which was lower than the 52.91% 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 $5.15. Now, the first resistance to watch is $4.54. This is followed by the second major resistance level at $4.60. The third major resistance level sits at $4.70. If the price goes on to break the first support level at $4.38, it is likely to go to the next support level at $4.28. The third support level lies at $4.22 if the price breaches the second support level.
Transocean Ltd (NYSE: RIG) Key Stats
The company with the Market Capitalisation of 4.03 billion has total of 875,804K Shares Outstanding. Its annual sales at the moment are 2,832 M in contrast with the sum of -954,000 K annual income. Company’s last quarter sales were recorded 948,000 K and last quarter income was -494,000 K.
