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The closing price of Transocean Ltd (NYSE: RIG) was $4.33 for the day, down -5.25% from the previous closing price of $4.57. In other words, the price has decreased by -$5.25 from its previous closing price. On the day, 17.49 million shares were traded. RIG stock price reached its highest trading level at $4.445 during the session, while it also had its lowest trading level at $4.25.
Ratios:
Our analysis of RIG’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3790785024 and an Enterprise Value of 10617786368. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.23 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 3.45 whereas that against EBITDA is 13.916.
Stock Price History:
Over the past 52 weeks, RIG has reached a high of $8.03, while it has fallen to a 52-week low of $3.85. The 50-Day Moving Average of the stock is -8.06%, while the 200-Day Moving Average is calculated to be -19.68%.
Shares Statistics:
RIG traded an average of 19.39M shares per day over the past three months and 20281260 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 69.68% stake in the company. Shares short for RIG as of 1726185600 were 153847134 with a Short Ratio of 7.93, compared to 1723680000 on 158777415. Therefore, it implies a Short% of Shares Outstanding of 153847134 and a Short% of Float of 19.759999999999998.
