A share price of Tidewater Inc [TDW] is currently trading at $49.00, up 0.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The TDW shares have gain 2.88% over the last week, with a monthly amount drifted -2.85%, 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 November 29, 2024, when DNB Markets initiated its Buy rating and assigned the stock a price target of $70. Previously, Raymond James downgraded its rating to Outperform on November 11, 2024, and dropped its price target to $102. On February 09, 2024, Johnson Rice initiated with a Buy rating and assigned a price target of $88 on the stock. Pickering Energy Partners started tracking the stock assigning a Outperform rating. Raymond James initiated its recommendation with a Strong Buy and recommended $85 as its price target on July 14, 2023. In a note dated June 21, 2023, BTIG Research initiated an Buy rating and provided a target price of $75 on this stock.
Tidewater Inc experienced fluctuations in its stock price throughout the past year between $46.50 and $111.42. Currently, Wall Street analysts expect the stock to reach $96 within the next 12 months. Tidewater Inc [NYSE: TDW] shares were valued at $49.00 at the most recent close of the market. An investor can expect a potential return of 95.92% based on the average TDW price forecast.
Analyzing the TDW fundamentals
Trailing Twelve Months sales for Tidewater Inc [NYSE:TDW] were 1.30B which represents 13.73% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.17 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.58.
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 47.54 points at the first support level, and at 46.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.69, and for the 2nd resistance point, it is at 52.38.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tidewater Inc [NYSE:TDW] is 2.28. On the other hand, the Quick Ratio is 2.18, and the Cash Ratio is 1.03. Considering the valuation of this stock, the price to sales ratio is 1.98, the price to book ratio is 2.30 and price to earnings (TTM) ratio is 14.40.
Transactions by insiders
Recent insider trading involved ROBOTTI ROBERT, Director, that happened on Dec 17 ’24 when 2067.0 shares were purchased. DIRECTOR, PRESIDENT & CEO, Kneen Quintin completed a deal on Dec 13 ’24 to buy 41615.0 shares. Meanwhile, Director ROBOTTI ROBERT bought 17147.0 shares on Dec 13 ’24.
