At the time of writing, Transocean Ltd [RIG] stock is trading at $4.41, up 4.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The RIG shares have gain 9.43% over the last week, with a monthly amount drifted -5.57%, 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 October 15, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, Citigroup downgraded its rating to Neutral on September 12, 2024. On September 03, 2024, upgrade upgraded it’s rating to Buy. Susquehanna upgraded its rating to a Positive and increased its price target to $9 on April 08, 2024. CapitalOne initiated its recommendation with a Equal Weight and recommended $8 as its price target on November 28, 2023. Citigroup upgraded its rating to Buy for this stock on July 05, 2023, and upped its price target to $9.50. In a note dated March 22, 2023, Compass Point upgraded an Buy rating on this stock but restated the target price of $7.50.
For the past year, the stock price of Transocean Ltd fluctuated between $3.85 and $7.05. Currently, Wall Street analysts expect the stock to reach $6.12 within the next 12 months. Transocean Ltd [NYSE: RIG] shares were valued at $4.41 at the most recent close of the market. An investor can expect a potential return of 38.78% based on the average RIG price forecast.
Analyzing the RIG fundamentals
According to Transocean Ltd [NYSE:RIG], the company’s sales were 3.31B for trailing twelve months, which represents an 32.96% jump. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.06 and Total Capital is 0.07. 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 4.30 points at the first support level, and at 4.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.49, and for the 2nd resistance point, it is at 4.56.
Ratios To Look Out For
It is important to note that Transocean Ltd [NYSE:RIG] has a current ratio of 1.64. On the other hand, the Quick Ratio is 1.34, and the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 0.38.
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.
