Tidewater Inc [TDW] stock is trading at $65.18, up 7.38%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TDW shares have gain 9.07% over the last week, with a monthly amount drifted -6.20%, 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.
Tidewater Inc [TDW] stock has fluctuated between $54.53 and $111.42 over the past year. Currently, Wall Street analysts expect the stock to reach $124 within the next 12 months. Tidewater Inc [NYSE: TDW] shares were valued at $65.18 at the most recent close of the market. An investor can expect a potential return of 90.24% based on the average TDW price forecast.
Analyzing the TDW fundamentals
Tidewater Inc [NYSE:TDW] reported sales of 1.26B for the trailing twelve months, which represents a growth of 57.81%. 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 63.08 points at the first support level, and at 60.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.47, and for the 2nd resistance point, it is at 67.76.
Ratios To Look Out For
For context, Tidewater Inc’s Current Ratio is 1.90. Further, the Quick Ratio stands at 1.82, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 2.71, the price to book ratio is 3.16 and price to earnings (TTM) ratio is 21.59.
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.
