At the time of writing, Transocean Ltd [RIG] stock is trading at $3.66, up 3.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The RIG shares have gain 3.68% over the last week, with a monthly amount drifted -14.88%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Transocean Ltd [NYSE: RIG] stock has seen the most recent analyst activity on December 18, 2024, when Barclays upgraded its rating to a Overweight but kept the price target unchanged to $4.50 for it. Previously, JP Morgan upgraded its rating to Neutral on December 06, 2024, and kept the price target unchanged to $5. On October 15, 2024, downgrade downgraded it’s rating to Hold. Citigroup downgraded its rating to a Neutral. DNB Markets upgraded its rating to a Buy. Susquehanna upgraded its rating to Positive for this stock on April 08, 2024, and upped its price target to $9. In a note dated November 28, 2023, CapitalOne initiated an Equal Weight rating and provided a target price of $8 on this stock.
For the past year, the stock price of Transocean Ltd fluctuated between $3.40 and $6.88. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Transocean Ltd [NYSE: RIG] shares were valued at $3.66 at the most recent close of the market. An investor can expect a potential return of 36.61% 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 0.28% with Operating Profit Margin at 0.07%, 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 0.01. 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 3.51 points at the first support level, and at 3.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.79, and for the 2nd resistance point, it is at 3.93.
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 0.96, the price to book ratio is 0.31.
Transactions by insiders
Recent insider trading involved Mackenzie Roderick James, EVP, Chief Commercial Officer, that happened on Dec 12 ’24 when 22000.0 shares were sold. Officer, RODERICK J MACKENZIE completed a deal on Dec 12 ’24 to buy 88000.0 shares. Meanwhile, Officer RODERICK J MACKENZIE bought 37261.0 shares on Nov 22 ’24.
