At the time of writing, Tidewater Inc. [TDW] stock is trading at $74.58, up 0.85%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TDW shares have gain 7.59% over the last week, with a monthly amount drifted -16.43%, 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.
For the past year, the stock price of Tidewater Inc. fluctuated between $54.53 and $111.42. Currently, Wall Street analysts expect the stock to reach $124 within the next 12 months. Tidewater Inc. [NYSE: TDW] shares were valued at $74.58 at the most recent close of the market. An investor can expect a potential return of 66.26% based on the average TDW price forecast.
Analyzing the TDW fundamentals
According to Tidewater Inc. [NYSE:TDW], the company’s sales were 1.26B for trailing twelve months, which represents an 57.81% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.15 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
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 73.75 points at the first support level, and at 72.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.52, and for the 2nd resistance point, it is at 76.47.
Ratios To Look Out For
It is important to note that Tidewater Inc. [NYSE:TDW] has a current ratio of 1.90. In addition, the Quick Ratio stands at 1.82 and the Cash Ratio stands at 0.94. Considering the valuation of this stock, the price to sales ratio is 3.10, the price to book ratio is 3.62 and price to earnings (TTM) ratio is 24.70.
Transactions by insiders
Recent insider trading involved Kneen Quintin, DIRECTOR, PRESIDENT & CEO, that happened on Jun 12 ’24 when 0.2 million shares were sold. DIRECTOR, PRESIDENT & CEO, Kneen Quintin completed a deal on Jun 11 ’24 to sell 0.17 million shares. Meanwhile, Director Traub Kenneth sold 20000.0 shares on Jun 12 ’24.
