Transocean Ltd (NYSE: RIG) on Monday, plunged -1.70% from the previous trading day, before settling in for the closing price of $3.53. Within the past 52 weeks, RIG’s price has moved between $3.48 and $6.88.
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Annual sales at Energy sector company slipped by -0.59% over the past five years. The company achieved an average annual earnings per share of 92.15%. With a float of $731.11 million, this company’s outstanding shares have now reached $875.80 million.
Let’s look at the performance matrix of the company that is accounted for 5800 employees. 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
Observing investor behavior towards Oil & Gas Drilling industry stocks is more important than anything else. The insider ownership of Transocean Ltd is 16.52%, while institutional ownership is 70.01%. The most recent insider transaction that took place on Dec 12 ’24, was worth 86,900. In this transaction EVP, Chief Commercial Officer of this company sold 22,000 shares at a rate of $3.95, taking the stock ownership to the 251,596 shares. Before that another transaction happened on Dec 12 ’24, when Company’s Officer proposed sale 88,000 for $4.09, making the entire transaction worth $359,920.
Transocean Ltd (RIG) Latest Financial update
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 92.15% 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 0.91.
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)
Transocean Ltd (NYSE: RIG) saw its 5-day average volume 24.97 million, a positive change from its year-to-date volume of 18.75 million. As of the previous 9 days, the stock’s Stochastic %D was 5.50%. Additionally, its Average True Range was 0.18.
During the past 100 days, Transocean Ltd’s (RIG) raw stochastic average was set at 2.11%, which indicates a significant decrease from 3.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.10% in the past 14 days, which was lower than the 48.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.16, while its 200-day Moving Average is $5.05. Nevertheless, the first resistance level for the watch stands at $3.55 in the near term. At $3.63, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.69. If the price goes on to break the first support level at $3.41, it is likely to go to the next support level at $3.35. The third support level lies at $3.27 if the price breaches the second support level.
Transocean Ltd (NYSE: RIG) Key Stats
Market capitalization of the company is 3.02 billion based on 875,804K outstanding shares. Right now, sales total 2,832 M and income totals -954,000 K. The company made 948,000 K in profit during its latest quarter, and -494,000 K in sales during its previous quarter.
