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Transocean Ltd (RIG) Looks Ready for Growth Despite -30.87% Change This Year

Transocean Ltd (NYSE: RIG) is -30.87% lower on its value in year-to-date trading and has touched a low of $3.85 and a high of $8.25 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 $4.25 in the last trading session, with the day’s gains setting it 0.14%.

Currently trading at $4.39, the stock is 1.86% and -9.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 25.81 million and changing 3.29% at the moment leaves the stock -19.31% off its SMA200. RIG registered -46.53% loss for a year compared to 6-month loss of -33.38%. The firm has a 50-day simple moving average (SMA 50) of $4.8216 and a 200-day simple moving average (SMA200) of $5.4326.

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The stock witnessed a -7.38% gain in the last 1 month and extending the period to 3 months gives it a -15.09%, and is -3.94% 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 4.43% over the week and 5.18% over the month.

Transocean Ltd (RIG) has around 5800 employees, a market worth around $3.84B and $3.08B in sales. Fwd P/E is 12.06. Profit margin for the company is -11.34%. Distance from 52-week low is 14.03% and -46.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.00%).

The EPS is expected to grow by 88.23% this year.

Transocean Ltd (RIG) Top Institutional Holders

540.0 institutions hold shares in Transocean Ltd (RIG), with institutional investors hold 87.07% of the company’s shares. The shares outstanding are 809.03M, and float is at 717.05M with Short Float at 21.46%. Institutions hold 71.18% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 73.12 million shares valued at $391.21 million. The investor’s holdings represent 8.9283% of the RIG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 64.85 million shares valued at $346.96 million to account for 7.9186 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 56.12 million shares representing 6.8522% and valued at over $300.24 million, while CAPITAL WORLD INVESTORS holds 5.7638 of the shares totaling 47.21 million with a market value of $252.55 million.

Transocean Ltd (RIG) Insider Activity

The most recent transaction is an insider purchase by Perestroika, the company’s Director. SEC filings show that Perestroika bought 1,500,000 shares of the company’s common stock on Sep 12 ’24 at a price of $4.13 per share for a total of $6.2 million. Following the purchase, the insider now owns 91.07 million shares.

Transocean Ltd disclosed in a document filed with the SEC on Sep 12 ’24 that Perestroika (Cyprus) Ltd (Director) bought a total of 1,500,000 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $4.13 per share for $6.2 million. Following the transaction, the insider now directly holds 91.07 million shares of the RIG stock.

Still, SEC filings show that on Sep 12 ’24, Mohn Frederik Wilhelm (Director) acquired 1,500,000 shares at an average price of $4.13 for $6.2 million. The insider now directly holds 91,074,894 shares of Transocean Ltd (RIG).

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