A share price of Transocean Ltd [RIG] is currently trading at $5.17, up 2.38%. An important factor to consider is whether the stock is rising or falling in short-term value. The RIG shares have gain 2.78% over the last week, with a monthly amount drifted -16.61%, and not 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 April 08, 2024, when Susquehanna upgraded its rating to a Positive and also boosted its price target to $9 from $5.50. Previously, CapitalOne started tracking the stock with Equal Weight rating on November 28, 2023, and set its price target to $8. On July 05, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $9.50 on the stock. Compass Point upgraded its rating to a Buy but stick to its price target of $7.50 on March 22, 2023. Barclays downgraded its rating to a Equal Weight but $7 remained the price target by the analyst firm on February 16, 2023. The Benchmark Company started tracking with a Buy rating for this stock on January 19, 2023, and assigned it a price target of $7.50. In a note dated October 06, 2022, Barclays upgraded an Overweight rating on this stock and boosted its target price from $3.50 to $5.
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 $6.87 within the next 12 months. Transocean Ltd [NYSE: RIG] shares were valued at $5.17 at the most recent close of the market. An investor can expect a potential return of 32.88% based on the average RIG price forecast.
Analyzing the RIG fundamentals
Trailing Twelve Months sales for Transocean Ltd [NYSE:RIG] were 2.95B which represents 17.57% growth. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
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 5.08 points at the first support level, and at 5.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.22, and for the 2nd resistance point, it is at 5.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Transocean Ltd [NYSE:RIG] is 1.35. On the other hand, the Quick Ratio is 1.04, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 1.44, the price to book ratio is 0.40.
Transactions by insiders
Recent insider trading involved Perestroika (Cyprus) Ltd, Director, that happened on May 15 ’24 when 2.0 million shares were purchased. Director, Mohn Frederik Wilhelm completed a deal on May 15 ’24 to buy 2.0 million shares. Meanwhile, Director Perestroika bought 2.0 million shares on May 15 ’24.
