Teekay Corp (NYSE: TK) is 1.82% higher on its value in year-to-date trading and has touched a low of $5.01 and a high of $9.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TK stock was last observed hovering at around $7.24 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $7.28, the stock is -0.11% and -7.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.35 million and changing 0.55% at the moment leaves the stock 4.66% off its SMA200. TK registered 16.11% gain for a year compared to 6-month gain of 16.29%. The firm has a 50-day simple moving average (SMA 50) of $0.16 and a 200-day simple moving average (SMA200) of $0.37.
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The stock witnessed a -2.93% loss in the last 1 month and extending the period to 3 months gives it a -1.36%, and is -2.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.80% over the week and 2.11% over the month.
Teekay Corp (TK) has around 2300 employees, a market worth around $664.66M and $1.46B in sales. Current P/E ratio is 4.70. Profit margin for the company is 10.28%. Distance from 52-week low is 45.31% and -21.51% from its 52-week high. The company has generated returns on investments over the last 12 months (16.89%).
Teekay Corp quarterly earnings per share for the current quarter are estimated at $0.
213 institutions hold shares in Teekay Corp (TK), with institutional investors hold 82.69% of the company’s shares. The shares outstanding are 91.01M, and float is at 57.97M with Short Float at 1.05%. Institutions hold 53.67% of the Float.
The top institutional shareholder in the company is Dimensional Fund Advisors LP with over 3.99 million shares valued at $24.13 million. The investor’s holdings represent 4.37% of the TK Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 3.72 million shares valued at $22.44 million to account for 4.07% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 2.81 million shares representing 3.07% and valued at over $16.96 million, while Millennium Management Llc holds 2.70% of the shares totaling 2.47 million with a market value of $14.9 million.
