Tidewater Inc (NYSE: TDW) is -11.04% lower on its value in year-to-date trading and has touched a low of $54.53 and a high of $111.42 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 TDW stock was last observed hovering at around $65.18 in the last trading session, with the day’s loss setting it -1.03%.
Currently trading at $64.15, the stock is 2.85% and -7.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -1.58% at the moment leaves the stock -24.79% off its SMA200. TDW registered 7.69% gain for a year compared to 6-month loss of -40.03%. The firm has a 50-day simple moving average (SMA 50) of $69.892 and a 200-day simple moving average (SMA200) of $85.338.
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The stock witnessed a -4.85% gain in the last 1 month and extending the period to 3 months gives it a -24.17%, and is 6.79% 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 3.70% over the week and 3.22% over the month.
Tidewater Inc (TDW) has around 7300 employees, a market worth around $3.37B and $1.26B in sales. Current P/E ratio is 21.25 and Fwd P/E is 7.65. Profit margin for the company is 12.77%. Distance from 52-week low is 17.64% and -42.43% from its 52-week high. The company has generated returns on investments over the last 12 months (9.55%).
The EPS is expected to grow by 156.08% this year
424.0 institutions hold shares in Tidewater Inc (TDW), with institutional investors hold 106.66% of the company’s shares. The shares outstanding are 52.26M, and float is at 49.73M with Short Float at 11.26%. Institutions hold 105.45% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.58 million shares valued at $626.79 million. The investor’s holdings represent 12.5827 of the TDW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.44 million shares valued at $517.77 million to account for 10.394 of the shares outstanding. The other top investors are FMR LLC which holds 3.58 million shares representing 6.8441 and valued at over $340.93 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 6.0237 of the shares totaling 3.15 million with a market value of $300.06 million.
Tidewater Inc (TDW) Insider Activity
The most recent transaction is an insider sale by Kneen Quintin, the company’s DIRECTOR, PRESIDENT & CEO. SEC filings show that Kneen Quintin sold 201,094 shares of the company’s common stock on Jun 12 ’24 at a price of $105.86 per share for a total of $21.29 million. Following the sale, the insider now owns 0.13 million shares.
Tidewater Inc disclosed in a document filed with the SEC on Jun 11 ’24 that Kneen Quintin (DIRECTOR, PRESIDENT & CEO) sold a total of 166,000 shares of the company’s common stock. The trade occurred on Jun 11 ’24 and was made at $103.76 per share for $17.22 million. Following the transaction, the insider now directly holds 0.34 million shares of the TDW stock.
Still, SEC filings show that on Jun 12 ’24, Traub Kenneth (Director) disposed off 20,000 shares at an average price of $106.38 for $2.13 million. The insider now directly holds 68,802 shares of Tidewater Inc (TDW).
