At the time of writing, Transocean Ltd [RIG] stock is trading at $4.58, up 5.77%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RIG shares have gain 9.83% over the last week, with a monthly amount glided 10.63%, 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 September 12, 2024, when Citigroup downgraded its rating to a Neutral. Previously, DNB Markets upgraded its rating to Buy on September 03, 2024. On April 08, 2024, upgrade upgraded it’s rating to Positive and revised its price target to $9 on the stock. CapitalOne started tracking the stock assigning a Equal Weight rating and suggested a price target of $8 on November 28, 2023. Citigroup upgraded its rating to a Buy and raised its price target to $9.50 on July 05, 2023. Compass Point upgraded its rating to Buy for this stock on March 22, 2023, but kept the price target unchanged to $7.50. In a note dated February 16, 2023, Barclays downgraded an Equal Weight rating on this stock but restated the target price of $7.
For the past year, the stock price of Transocean Ltd fluctuated between $3.85 and $8.03. Currently, Wall Street analysts expect the stock to reach $6.12 within the next 12 months. Transocean Ltd [NYSE: RIG] shares were valued at $4.58 at the most recent close of the market. An investor can expect a potential return of 33.62% based on the average RIG price forecast.
Analyzing the RIG fundamentals
According to Transocean Ltd [NYSE:RIG], the company’s sales were 3.08B for trailing twelve months, which represents an 18.11% jump. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
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 4.35 points at the first support level, and at 4.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.71, and for the 2nd resistance point, it is at 4.84.
Ratios To Look Out For
It is important to note that Transocean Ltd [NYSE:RIG] has a current ratio of 1.36. In addition, the Quick Ratio stands at 1.08 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 0.37.
Transactions by insiders
Recent insider trading involved Perestroika, Director, that happened on Sep 12 ’24 when 1.5 million shares were purchased. Director, Perestroika (Cyprus) Ltd completed a deal on Sep 12 ’24 to buy 1.5 million shares. Meanwhile, Director Mohn Frederik Wilhelm bought 1.5 million shares on Sep 12 ’24.
