Transocean Ltd (NYSE: RIG) is -6.93% lower on its value in year-to-date trading and has touched a low of $4.45 and a high of $8.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RIG stock was last observed hovering at around $6.05 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $5.91, the stock is -5.69% and 6.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.34 million and changing -2.31% at the moment leaves the stock -12.66% off its SMA200. RIG registered -9.77% loss for a year compared to 6-month loss of -23.35%.
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The stock witnessed a 1.90% gain in the last 1 month and extending the period to 3 months gives it a 9.65%, and is -7.37% 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 4.18% over the week and 4.18% over the month.
Transocean Ltd (RIG) has around 5800 employees, a market worth around $4.84B and $2.83B in sales. Fwd P/E is 14.28. Profit margin for the company is -33.69%. Distance from 52-week low is 32.81% and -33.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.35%).
The EPS is expected to grow by 95.19% this year.
Transocean Ltd (RIG) Top Institutional Holders
The shares outstanding are 809.03M, and float is at 721.19M with Short Float at 18.34%.
Transocean Ltd (RIG) Insider Activity
The most recent transaction is an insider purchase by Mohn Frederik Wilhelm,the company’sDirector. SEC filings show that Mohn Frederik Wilhelm bought 1,000,000 shares of the company’s common stock on Feb 27 ’24 at a price of $4.89 per share for a total of $4.89 million. Following the purchase, the insider now owns 85.57 million shares.
Transocean Ltd disclosed in a document filed with the SEC on Feb 27 ’24 that Perestroika (Cyprus) Ltd (Director) bought a total of 1,000,000 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $4.89 per share for $4.89 million. Following the transaction, the insider now directly holds 85.57 million shares of the RIG stock.
Still, SEC filings show that on Aug 31 ’23, Tonnel David A (SVP – CHIEF ACCOUNTING OFFICER) disposed off 57,259 shares at an average price of $8.22 for $0.47 million. The insider now directly holds 417,789 shares of Transocean Ltd (RIG).
