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In the latest session, Transocean Ltd (NYSE: RIG) closed at $5.30 up 2.32% from its previous closing price of $5.18. In other words, the price has increased by $2.32 from its previous closing price. On the day, 15.48 million shares were traded. RIG stock price reached its highest trading level at $5.38 during the session, while it also had its lowest trading level at $5.225.
Ratios:
For a deeper understanding of Transocean Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.65.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Susquehanna on April 08, 2024, Upgraded its rating to Positive and sets its target price to $9 from $5.50 previously.
On November 28, 2023, CapitalOne started tracking the stock assigning a Equal Weight rating and target price of $8.
Citigroup Upgraded its Neutral to Buy on July 05, 2023, whereas the target price for the stock was revised from $6.50 to $9.50.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 15 ’24 when Perestroika (Cyprus) Ltd bought 2,000,000 shares for $6.01 per share. The transaction valued at 12,020,000 led to the insider holds 87,574,894 shares of the business.
Mohn Frederik Wilhelm bought 2,000,000 shares of RIG for $12,020,000 on May 15 ’24. The Director now owns 87,574,894 shares after completing the transaction at $6.01 per share. On May 15 ’24, another insider, Perestroika, who serves as the Director of the company, bought 2,000,000 shares for $6.01 each. As a result, the insider paid 12,020,000 and bolstered with 87,574,894 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 4637992960 and an Enterprise Value of 11163771904. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at 3.789 whereas that against EBITDA is 15.702.
Stock Price History:
Over the past 52 weeks, RIG has reached a high of $8.88, while it has fallen to a 52-week low of $4.45. The 50-Day Moving Average of the stock is -4.18%, while the 200-Day Moving Average is calculated to be -11.76%.
Shares Statistics:
For the past three months, RIG has traded an average of 18.20M shares per day and 25802290 over the past ten days. A total of 809.03M shares are outstanding, with a floating share count of 664.78M. Insiders hold about 18.89% of the company’s shares, while institutions hold 67.61% stake in the company. Shares short for RIG as of 1719532800 were 139854268 with a Short Ratio of 7.69, compared to 1717113600 on 129356708. Therefore, it implies a Short% of Shares Outstanding of 139854268 and a Short% of Float of 17.969999.
