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Positives for Transocean Ltd (RIG) as stock gains in recent trading

Transocean Ltd (NYSE: RIG) is -21.10% 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 $5.06 in the last trading session, with the day’s loss setting it -0.05%.

Currently trading at $5.01, the stock is -4.81% and -10.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.04 million and changing -0.99% at the moment leaves the stock -17.21% off its SMA200. RIG registered -35.19% loss for a year compared to 6-month loss of -18.40%.

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The stock witnessed a -8.07% gain in the last 1 month and extending the period to 3 months gives it a -23.51%, and is -0.79% 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 2.70% over the week and 3.61% over the month.

Transocean Ltd (RIG) has around 5800 employees, a market worth around $4.11B and $2.95B in sales. Fwd P/E is 14.52. Profit margin for the company is -13.27%. Distance from 52-week low is 12.58% and -43.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.26%).

The EPS is expected to grow by 97.24% this year.

Transocean Ltd (RIG) Top Institutional Holders

The shares outstanding are 809.03M, and float is at 720.29M with Short Float at 19.37%.

Transocean Ltd (RIG) Insider Activity

The most recent transaction is an insider purchase by Perestroika (Cyprus) Ltd,the company’sDirector. SEC filings show that Perestroika (Cyprus) Ltd bought 2,000,000 shares of the company’s common stock on May 15 ’24 at a price of $6.01 per share for a total of $12.02 million. Following the purchase, the insider now owns 87.57 million shares.

Transocean Ltd disclosed in a document filed with the SEC on May 15 ’24 that Mohn Frederik Wilhelm (Director) bought a total of 2,000,000 shares of the company’s common stock. The trade occurred on May 15 ’24 and was made at $6.01 per share for $12.02 million. Following the transaction, the insider now directly holds 87.57 million shares of the RIG stock.

Still, SEC filings show that on May 15 ’24, Perestroika (Director) acquired 2,000,000 shares at an average price of $6.01 for $12.02 million. The insider now directly holds 87,574,894 shares of Transocean Ltd (RIG).

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