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As of close of business last night, Transocean Ltd’s stock clocked out at $4.55, up 0.22% from its previous closing price of $4.54. In other words, the price has increased by $0.22 from its previous closing price. On the day, 16.58 million shares were traded. RIG stock price reached its highest trading level at $4.64 during the session, while it also had its lowest trading level at $4.48.
Ratios:
To gain a deeper understanding of RIG’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.63.
Susquehanna Upgraded its Neutral to Positive on April 08, 2024, whereas the target price for the stock was revised from $5.50 to $9.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 12 ’24 when Perestroika bought 1,500,000 shares for $4.13 per share. The transaction valued at 6,195,000 led to the insider holds 91,074,894 shares of the business.
Perestroika (Cyprus) Ltd bought 1,500,000 shares of RIG for $6,195,000 on Sep 12 ’24. The Director now owns 91,074,894 shares after completing the transaction at $4.13 per share. On Sep 12 ’24, another insider, Mohn Frederik Wilhelm, who serves as the Director of the company, bought 1,500,000 shares for $4.13 each. As a result, the insider paid 6,195,000 and bolstered with 91,074,894 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RIG now has a Market Capitalization of 3983388672 and an Enterprise Value of 10810389504. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 0.37. Its current Enterprise Value per Revenue stands at 3.512 whereas that against EBITDA is 14.168.
Stock Price History:
Over the past 52 weeks, RIG has reached a high of $8.71, while it has fallen to a 52-week low of $3.85. The 50-Day Moving Average of the stock is -8.47%, while the 200-Day Moving Average is calculated to be -17.03%.
Shares Statistics:
It appears that RIG traded 20.59M shares on average per day over the past three months and 25335910 shares per day over the past ten days. A total of 809.03M shares are outstanding, with a floating share count of 717.05M. Insiders hold about 18.09% of the company’s shares, while institutions hold 69.71% stake in the company. Shares short for RIG as of 1724976000 were 159110142 with a Short Ratio of 7.73, compared to 1722384000 on 161459900. Therefore, it implies a Short% of Shares Outstanding of 159110142 and a Short% of Float of 20.44.
