A share price of Tidewater Inc. [TDW] is currently trading at $81.99, up 2.37%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TDW shares have gain 10.98% over the last week, with a monthly amount glided 19.99%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Tidewater Reports Results for the Three and Twelve Months Ended December 31, 2023. In a post published today on Yahoo Finance, Full-Year 2023 Highlights.
From an analyst’s perspective:
Tidewater Inc. [NYSE: TDW] stock has seen the most recent analyst activity on February 09, 2024, when Johnson Rice initiated its Buy rating and assigned the stock a price target of $88. On July 14, 2023, Raymond James initiated with a Strong Buy rating and assigned a price target of $85 on the stock. BTIG Research initiated its recommendation with a Buy and recommended $75 as its price target on June 21, 2023. In a note dated March 09, 2020, Evercore ISI downgraded an In-line rating on this stock.
Tidewater Inc. experienced fluctuations in its stock price throughout the past year between $37.76 and $83.15. Tidewater Inc. [NYSE: TDW] shares were valued at $81.99 at the most recent close of the market.
Analyzing the TDW fundamentals
Trailing Twelve Months sales for Tidewater Inc. [NYSE:TDW] were 1.01B which represents 62.07% growth. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.71.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 79.89 points at the first support level, and at 77.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.81, and for the 2nd resistance point, it is at 87.63.
Tidewater Inc. [TDW] reported earnings per share of $0.7 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.79/share, meaning a difference of -$0.09 and a surprise factor of -11.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.49 per share as compared to estimates of $1.26 per share, a difference of -$0.77 representing a surprise of -61.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tidewater Inc. [NYSE:TDW] is 1.78. Further, the Quick Ratio stands at 1.68, while the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 4.24, the price to book ratio is 4.12 and price to earnings (TTM) ratio is 44.74.
Transactions by insiders
Recent insider trading involved ROBOTTI ROBERT, Director, that happened on Sep 07 when 1486.0 shares were purchased. EVP, COO, Darling David E completed a deal on Sep 06 to sell 19250.0 shares. Meanwhile, EVP, COO Darling David E sold 250.0 shares on Sep 05.
