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In the latest session, Transocean Ltd (NYSE: RIG) closed at $4.25 down -1.39% from its previous closing price of $4.31. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 17.09 million shares were traded. RIG stock price reached its highest trading level at $4.345 during the session, while it also had its lowest trading level at $4.23.
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 1.08 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:
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 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 3720747520 and an Enterprise Value of 10547747840. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.21 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 3.427 whereas that against EBITDA is 13.824.
Stock Price History:
Over the past 52 weeks, RIG has reached a high of $8.60, while it has fallen to a 52-week low of $3.85. The 50-Day Moving Average of the stock is -12.59%, while the 200-Day Moving Average is calculated to be -21.99%.
Shares Statistics:
For the past three months, RIG has traded an average of 20.52M shares per day and 21052370 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 1726185600 were 153847134 with a Short Ratio of 7.50, compared to 1723680000 on 158777415. Therefore, it implies a Short% of Shares Outstanding of 153847134 and a Short% of Float of 19.759999999999998.
