For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of Transocean Ltd (NYSE: RIG) closed at $5.67 in the last session, up 1.80% from day before closing price of $5.57. In other words, the price has increased by $1.80 from its previous closing price. On the day, 14.48 million shares were traded. RIG stock price reached its highest trading level at $5.7 during the session, while it also had its lowest trading level at $5.61.
Ratios:
We take a closer look at RIG’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 27 ’24 when Mohn Frederik Wilhelm bought 1,000,000 shares for $4.89 per share. The transaction valued at 4,890,000 led to the insider holds 85,574,894 shares of the business.
Perestroika (Cyprus) Ltd bought 1,000,000 shares of RIG for $4,890,000 on Feb 27 ’24. The Director now owns 85,574,894 shares after completing the transaction at $4.89 per share. On Aug 31 ’23, another insider, Tonnel David A, who serves as the SVP – CHIEF ACCOUNTING OFFICER of the company, sold 57,259 shares for $8.22 each. As a result, the insider received 470,669 and left with 417,789 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 4647019008 and an Enterprise Value of 11467016192. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.58 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 3.892 whereas that against EBITDA is 16.128.
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 -1.23%, while the 200-Day Moving Average is calculated to be -14.41%.
Shares Statistics:
According to the various share statistics, RIG traded on average about 19.02M shares per day over the past 3-months and 21198830 shares per day over the past 10 days. A total of 809.03M shares are outstanding, with a floating share count of 721.19M. Insiders hold about 12.01% of the company’s shares, while institutions hold 68.95% stake in the company. Shares short for RIG as of 1713139200 were 129533927 with a Short Ratio of 6.81, compared to 1710460800 on 129650009. Therefore, it implies a Short% of Shares Outstanding of 129533927 and a Short% of Float of 17.930001.
