Tidewater Inc. (NYSE: TDW) is 48.34% higher on its value in year-to-date trading and has touched a low of $40.65 and a high of $111.42 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 TDW stock was last observed hovering at around $107.14 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $106.97, the stock is 11.59% and 17.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing -0.16% at the moment leaves the stock 48.25% off its SMA200. TDW registered 136.03% gain for a year compared to 6-month gain of 79.57%.
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The stock witnessed a 7.91% loss in the last 1 month and extending the period to 3 months gives it a 57.61%, and is 13.93% up 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 4.38% over the week and 4.00% over the month.
Tidewater Inc. (TDW) has around 7300 employees, a market worth around $5.64B and $1.14B in sales. Current P/E ratio is 42.63 and Fwd P/E is 12.77. Profit margin for the company is 11.73%. Distance from 52-week low is 163.15% and -4.00% from its 52-week high. The company has generated returns on investments over the last 12 months (7.96%).
The EPS is expected to grow by 184.98% this year
The shares outstanding are 52.26M, and float is at 48.51M with Short Float at 10.73%.
Tidewater Inc. (TDW) Insider Activity
The most recent transaction is an insider sale by Hudson Daniel A., the company’s EVP & GENERAL COUNSEL. SEC filings show that Hudson Daniel A. sold 20,000 shares of the company’s common stock on May 09 ’24 at a price of $109.00 per share for a total of $2.18 million. Following the sale, the insider now owns 74542.0 shares.
Tidewater Inc. disclosed in a document filed with the SEC on May 08 ’24 that Rubio Samuel R (EVP, CFO & CAO) sold a total of 24,396 shares of the company’s common stock. The trade occurred on May 08 ’24 and was made at $107.39 per share for $2.62 million. Following the transaction, the insider now directly holds 64527.0 shares of the TDW stock.
Still, SEC filings show that on May 07 ’24, Kneen Quintin (DIRECTOR, PRESIDENT & CEO) disposed off 150,000 shares at an average price of $109.01 for $16.35 million. The insider now directly holds 501,718 shares of Tidewater Inc. (TDW).
