Transocean Ltd (NYSE:RIG) price closed lower on Friday, April 12, dropping -0.64% below its previous close.
A look at the daily price movement shows that the last close reads $6.22. The company’s 5Y monthly beta was ticking 2.81. Taking into account the 52-week price action we note that the stock hit a 52-week high of $8.88 and 52-week low of $4.45. The stock added 9.96% on its value in the past month.
Transocean Ltd, which has a market valuation of $5.07 billion, is expected to release its quarterly earnings report May 01, 2024 – May 03, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give RIG a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that RIG’s price is at present -0.77% off the SMA20 and 11.61% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.04, with weekly volatility standing at 5.15%. The indicator jumps to 4.22% when calculated based on the past 30 days. Transocean Ltd (NYSE:RIG)’s beta value is holding at 2.81, while the average true range (ATR) indicator is currently reading 0.27. An analysis of the Transocean Ltd (NYSE:RIG) stock in terms of its daily trading volume indicates that the 3-month average is 18.41 million.
Current records show that the company has 809.03M in outstanding shares. The insiders’ percentage holdings are 12.01% of outstanding shares while the percentage share held by institutions stands at 68.05%. But the -2.68% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
