Transocean Ltd (NYSE: RIG) on Tuesday, plunged -1.34% from the previous trading day, before settling in for the closing price of $2.98. Within the past 52 weeks, RIG’s price has moved between $2.55 and $6.88.
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During the last 5-year period, the sales growth of Energy Sector giant was 2.50%. The company achieved an average annual earnings per share of 121.70%. With a float of $731.94 million, this company’s outstanding shares have now reached $875.83 million.
Let’s determine the extent of company efficiency that accounts for 5800 employees. In terms of profitability, gross margin is 79.03%, operating margin of -11.83%, and the pretax margin is -14.84%.
Transocean Ltd (RIG) Insider Activity
Observing investor behavior towards Oil & Gas Drilling industry stocks is more important than anything else. The insider ownership of Transocean Ltd is 16.72%, while institutional ownership is 69.80%. The most recent insider transaction that took place on Feb 11 ’25, was worth 84,700. In this transaction EVP, Chief Commercial Officer of this company sold 22,000 shares at a rate of $3.85, taking the stock ownership to the 313,072 shares. Before that another transaction happened on Jan 10 ’25, when Company’s EVP, Chief Commercial Officer sold 22,000 for $4.05, making the entire transaction worth $89,100. This insider now owns 229,596 shares in total.
Transocean Ltd (RIG) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 121.70% 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 1.21 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 0.73. Likewise, its price to free cash flow for the trailing twelve months is 13.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.75, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach 0.19 in one year’s time.
Technical Analysis of Transocean Ltd (RIG)
Looking closely at Transocean Ltd (NYSE: RIG), its last 5-days average volume was 43.04 million, which is a jump from its year-to-date volume of 31.13 million. As of the previous 9 days, the stock’s Stochastic %D was 63.51%. Additionally, its Average True Range was 0.19.
During the past 100 days, Transocean Ltd’s (RIG) raw stochastic average was set at 17.81%, which indicates a significant decrease from 35.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.58% in the past 14 days, which was higher than the 49.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.62, while its 200-day Moving Average is $4.46. However, in the short run, Transocean Ltd’s stock first resistance to watch stands at $3.03. Second resistance stands at $3.12. The third major resistance level sits at $3.18. If the price goes on to break the first support level at $2.88, it is likely to go to the next support level at $2.81. Should the price break the second support level, the third support level stands at $2.72.
Transocean Ltd (NYSE: RIG) Key Stats
Market capitalization of the company is 2.58 billion based on 878,887K outstanding shares. Right now, sales total 3,524 M and income totals -512,000 K. The company made 952,000 K in profit during its latest quarter, and 7,000 K in sales during its previous quarter.
