Tidewater Inc. [TDW] stock prices are up 13.24% to $105.86 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TDW shares have gain 9.82% over the last week, with a monthly amount drifted -1.04%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of Tidewater Inc. [TDW] has been fluctuating between $42.62 and $111.42 over the past year. Currently, Wall Street analysts expect the stock to reach $110 within the next 12 months. Tidewater Inc. [NYSE: TDW] shares were valued at $105.86 at the most recent close of the market. An investor can expect a potential return of 3.91% based on the average TDW price forecast.
Analyzing the TDW fundamentals
The Tidewater Inc. [NYSE:TDW] reported sales of 1.14B for trailing twelve months, representing a surge of 66.32%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
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 100.68 points at the first support level, and at 95.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.53, and for the 2nd resistance point, it is at 113.19.
Ratios To Look Out For
It’s worth pointing out that Tidewater Inc. [NYSE:TDW]’s Current Ratio is 1.80. As well, the Quick Ratio is 1.73, while the Cash Ratio is 0.85. Considering the valuation of this stock, the price to sales ratio is 4.91, the price to book ratio is 5.28 and price to earnings (TTM) ratio is 42.19.
Transactions by insiders
Recent insider trading involved RASPINO LOUIS, Director, that happened on Jun 10 ’24 when 25666.0 shares were sold. Director, Anderson Darron M. completed a deal on May 24 ’24 to sell 1000.0 shares. Meanwhile, Director Anderson Darron M. sold 1750.0 shares on May 22 ’24.
