A share price of Transocean Ltd [RIG] is currently trading at $5.80, up 2.47%. 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 RIG shares have gain 10.48% over the last week, with a monthly amount glided 12.19%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Transocean Ltd [NYSE: RIG] stock has seen the most recent analyst activity on November 28, 2023, when CapitalOne initiated its Equal Weight rating and assigned the stock a price target of $8. Previously, Citigroup upgraded its rating to Buy on July 05, 2023, and elevated its price target to $9.50. On March 22, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $7.50 on the stock. Barclays downgraded its rating to a Equal Weight but stick to its price target of $7 on February 16, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $7.50 as its price target on January 19, 2023. Barclays upgraded its rating to Overweight for this stock on October 06, 2022, and upped its price target to $5. In a note dated September 06, 2022, BTIG Research upgraded an Buy rating on this stock but restated the target price of $8.
Transocean Ltd experienced fluctuations in its stock price throughout the past year between $4.45 and $8.88. Currently, Wall Street analysts expect the stock to reach $4.3 within the next 12 months. Transocean Ltd [NYSE: RIG] shares were valued at $5.80 at the most recent close of the market. An investor can expect a potential drop of -25.86% based on the average RIG price forecast.
Analyzing the RIG fundamentals
Trailing Twelve Months sales for Transocean Ltd [NYSE:RIG] were 2.83B which represents 22.28% growth. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.33%, and Net Profit Margin reading is -0.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.09 and Total Capital is -0.0. 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 5.68 points at the first support level, and at 5.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.91, and for the 2nd resistance point, it is at 6.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Transocean Ltd [NYSE:RIG] is 1.52. Further, the Quick Ratio stands at 1.22, while the Cash Ratio is 0.71. Considering the valuation of this stock, the price to sales ratio is 1.66, the price to book ratio is 0.45.
Transactions by insiders
Recent insider trading involved Mohn Frederik Wilhelm, Director, that happened on Feb 27 ’24 when 1.0 million shares were purchased. Director, Perestroika (Cyprus) Ltd completed a deal on Feb 27 ’24 to buy 1.0 million shares. Meanwhile, SVP – CHIEF ACCOUNTING OFFICER Tonnel David A sold 57259.0 shares on Aug 31 ’23.
