Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Transocean Ltd (NYSE: RIG) was $3.53 for the day, up 1.73% from the previous closing price of $3.47. In other words, the price has increased by $1.73 from its previous closing price. On the day, 13.41 million shares were traded. RIG stock price reached its highest trading level at $3.56 during the session, while it also had its lowest trading level at $3.4.
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 1.34 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.64.
On December 06, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $5.
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 Dec 12 ’24 when Mackenzie Roderick James sold 22,000 shares for $3.95 per share. The transaction valued at 86,900 led to the insider holds 251,596 shares of the business.
RODERICK J MACKENZIE bought 88,000 shares of RIG for $359,920 on Dec 12 ’24. On Nov 22 ’24, another insider, RODERICK J MACKENZIE, who serves as the Officer of the company, bought 37,261 shares for $4.38 each.
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 3091588096 and an Enterprise Value of 9617587200. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 0.30. Its current Enterprise Value per Revenue stands at 2.903 whereas that against EBITDA is 10.145.
Stock Price History:
Over the past 52 weeks, RIG has reached a high of $6.88, while it has fallen to a 52-week low of $3.43. The 50-Day Moving Average of the stock is -14.90%, while the 200-Day Moving Average is calculated to be -29.98%.
Shares Statistics:
RIG traded an average of 19.56M shares per day over the past three months and 24149840 shares per day over the past ten days. A total of 875.80M shares are outstanding, with a floating share count of 731.11M. Insiders hold about 16.52% of the company’s shares, while institutions hold 70.01% stake in the company. Shares short for RIG as of 1732838400 were 145118520 with a Short Ratio of 7.66, compared to 1730332800 on 149409700. Therefore, it implies a Short% of Shares Outstanding of 145118520 and a Short% of Float of 18.63.
