Transocean Ltd (NYSE:RIG) traded at $5.87 at close of the session on Friday, April 26, made an upward move of 2.26% on its previous day’s price.
Looking at the stock we see that its previous close was $5.74 . In terms of its 52-week price range, RIG has a high of $8.88 and a low of $4.45. The company’s stock has lost about -6.08% over that past 30 days.
Transocean Ltd has a market cap of $4.81 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.14, with the EPS growth for the year raised at -$0.04 for 2024 and $0.46 for next year. These figures represent 95.80% and 1,250.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $787.04 million, with a low of $769 million and a high of $863 million. The median projection represents growth squeezing down to 21.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $3.62 billion, or 27.80% up from figures reported last year.
On the other hand, looking at the outlook for the RIG stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is -4.46% off its SMA20 and 3.58% from its 50-day simple moving average. The RSI (14) is pointing at 48.15 while the volatility over the past week is 3.90% and jumps to 4.27% over the past one month. The beta value is 2.81, while the average true range (ATR) is currently pointing at 0.25.
Coming back to Transocean Ltd (NYSE:RIG), we note that the average 3-month trading volume was 18.46 million. Current shares outstanding are 809.03 million.
The insiders hold 12.01% of the company’s shares while institutions hold 68.43%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -7.56% down in year-to-date price movement.
