Teekay Corporation Ltd (NYSE: TK) is 6.49% higher on its value in year-to-date trading and has touched a low of $5.65 and a high of $8.65 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 TK stock was last observed hovering at around $7.21 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $7.38, the stock is 12.53% and 12.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 2.36% at the moment leaves the stock 5.97% off its SMA200. TK registered 12.57% gain for a year compared to 6-month loss of 11.25%. The firm has a 50-day simple moving average (SMA 50) of $6.583 and a 200-day simple moving average (SMA200) of $7.4983.
The stock witnessed a 11.99% gain in the last 1 month and extending the period to 3 months gives it a 2.64%, and is 8.37% 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 3.23% over the week and 4.45% over the month.
Teekay Corporation Ltd (TK) has around 2300 employees, a market worth around $616.52M and $1.22B in sales. Current P/E ratio is 5.17. Profit margin for the company is 10.96%. Distance from 52-week low is 30.62% and -14.69% from its 52-week high. The company has generated returns on investments over the last 12 months (18.11%).
224.0 institutions hold shares in Teekay Corporation Ltd (TK), with institutional investors hold 75.79% of the company’s shares. The shares outstanding are 84.06M, and float is at 50.54M with Short Float at 2.41%. Institutions hold 46.82% of the Float.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 5.53 million shares valued at $49.58 million. The investor’s holdings represent 5.9558 of the TK Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 4.03 million shares valued at $36.11 million to account for 4.3235 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 3.45 million shares representing 3.708 and valued at over $30.97 million, while BLACKROCK INC. holds 3.4857 of the shares totaling 3.25 million with a market value of $29.12 million.
Teekay Corporation Ltd (TK) Insider Activity
Still, SEC filings show that on Dec 20 ’24, DAVID ALFRED SCHELLENBERG (Director) Proposed Sale 197,715 shares at an average price of $6.33 for $1.25 million. The insider now directly holds shares of Teekay Corporation Ltd (TK).
