Transocean Ltd (NYSE:RIG) price on Wednesday, April 30, fall -3.18% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.13.
A look at the stock’s price movement, the close in the last trading session was $2.20, moving within a range at $2.11 and $2.22. The beta value (5-Year monthly) was 2.29. Turning to its 52-week performance, $6.38 and $1.97 were the 52-week high and 52-week low respectively. Overall, RIG moved -32.81% over the past month.
Transocean Ltd’s market cap currently stands at around $1.88 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-27.
Analysts have a consensus estimate of 962.54M for the company’s revenue for the quarter, with a low and high estimate of 941M and 981M respectively. The average forecast suggests up to a 11.79% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.84B, representing a 8.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RIG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 12 recommend RIG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RIG’s current price about -7.39% and -23.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.35, while 7-day volatility ratio is 6.21% and 9.56% in the 30-day chart. Further, Transocean Ltd (RIG) has a beta value of 2.52, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $3.4, forecast between a low of $2.8 and high of $4. Looking at the price targets, the low is -31.46% off current price level while to achieve the yearly target high, price needs to move -87.79%. Nonetheless, investors will most likely welcome a -59.62% jump to $3.4 which is the analysts’ median price.
If we refocus on Transocean Ltd (NYSE:RIG), historical trading data shows that trading volumes averaged 38.79 over the past 10 days and 39.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 883.26 million shares.
The 16.66% of Transocean Ltd’s shares are in the hands of company insiders while institutional holders own 69.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 125.48 million on 2025-04-15, giving us a short ratio of 2.77. The data shows that as of 2025-04-15 short interest in Transocean Ltd (RIG) stood at 1607.9999999999998 of shares outstanding, with shares short falling to 138.99 million registered in 2025-03-14. Current price change has pushed the stock -43.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RIG stock continues to rise going into the next quarter.
