A new trading day began on Monday, with Transocean Ltd (NYSE: RIG) stock price down -0.91% from the previous day of trading, before settling in for the closing price of $4.40. RIG’s price has ranged from $3.85 to $6.88 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Energy sector was -0.59%. Meanwhile, its annual earnings per share averaged 87.37%. With a float of $731.03 million, this company’s outstanding shares have now reached $875.80 million.
Considering the fact that the conglomerate employs 5800 people, you should pay attention to its efficiency factor. 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 Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Drilling Industry. The insider ownership of Transocean Ltd is 16.53%, 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 87.37% per share during the next fiscal year.
Transocean Ltd (NYSE: RIG) Trading Performance Indicators
Here are Transocean Ltd’s current performance indicators. According to the last quarter’s results, the 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 1.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.76, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.16 in one year’s time.
Technical Analysis of Transocean Ltd (RIG)
Compared to the last year’s volume of 18.48 million, its volume of 15.84 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 55.52%. Additionally, its Average True Range was 0.18.
During the past 100 days, Transocean Ltd’s (RIG) raw stochastic average was set at 23.94%, which indicates a significant decrease from 56.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.52% in the past 14 days, which was lower than the 52.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.32, while its 200-day Moving Average is $5.13. Nevertheless, the first resistance level for the watch stands at $4.43 in the near term. At $4.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.56. If the price goes on to break the first support level at $4.30, it is likely to go to the next support level at $4.25. Should the price break the second support level, the third support level stands at $4.17.
Transocean Ltd (NYSE: RIG) Key Stats
With a market capitalization of 3.91 billion, the company has a total of 875,804K Shares Outstanding. Currently, annual sales are 2,832 M while annual income is -954,000 K. The company’s previous quarter sales were 948,000 K while its latest quarter income was -494,000 K.
