Transocean Ltd. [RIG] is 44.93% higher this YTD. Is it still time to buy?

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Transocean Ltd. [NYSE: RIG] closed the trading session at $4.00 on 04/22/22. The day’s price range saw the stock hit a low of $3.96, while the highest price level was $4.25. The company report on April 12, 2022 that Transocean Ltd. Announces First Quarter 2022 Earnings Release Date.

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Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the first quarter of 2022, after the close of trading on the NYSE on Monday, May 2, 2022.

The company will conduct a teleconference to discuss the results starting at 9 a.m. EDT, 3 p.m. CEST, on Tuesday, May 3, 2022. Individuals who wish to participate should dial +1 313-209-4906 and refer to conference code 8215802 approximately 15 minutes prior to the scheduled start time.

The stocks have a year to date performance of 44.93 percent and weekly performance of -12.66 percent. The stock has been moved at 2.30 percent over the last six months. The stock has performed -11.50 percent around the most recent 30 days and changed 28.21 percent over the most recent 3-months.

If compared to the average trading volume of 24.57M shares, RIG reached to a volume of 14684687 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Transocean Ltd. [RIG]:

Pareto have made an estimate for Transocean Ltd. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 24, 2022. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on February 08, 2022, representing the official price target for Transocean Ltd. stock. On September 16, 2020, analysts decreased their price target for RIG shares from 2.50 to 1.15.

The Average True Range (ATR) for Transocean Ltd. is set at 0.30, with the Price to Sales ratio for RIG stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 0.23, with the Price to Cash per share for the same quarter was set at 1.28. Price to Free Cash Flow for RIG in the course of the last twelve months was 8.31 with Quick ratio for the last quarter at 1.60.

RIG stock trade performance evaluation

Transocean Ltd. [RIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.66. With this latest performance, RIG shares dropped by -11.50% in over the last four-week period, additionally plugging by 2.30% over the last 6 months – not to mention a rise of 27.39% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RIG stock in for the last two-week period is set at 40.79, with the RSI for the last a single of trading hit 33.85, and the three-weeks RSI is set at 45.00 for Transocean Ltd. [RIG]. The present Moving Average for the last 50 days of trading for this stock 4.22, while it was recorded at 4.39 for the last single week of trading, and 3.64 for the last 200 days.

Transocean Ltd. [RIG]: An insightful look at the core fundamentals

Transocean Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.90.

Transocean Ltd. [RIG]: Insider Ownership positions

There are presently around $1,308 million, or 49.00% of RIG stock, in the hands of institutional investors. The top three institutional holders of RIG stocks are: VANGUARD GROUP INC with ownership of 51,597,016, which is approximately 0.264% of the company’s market cap and around 0.60% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 47,524,006 shares of the stock with an approximate value of $190.1 million in RIG stocks shares; and VAN ECK ASSOCIATES CORP, currently with $129.9 million in RIG stock with ownership of nearly 5.11% of the company’s market capitalization.

156 institutional holders increased their position in Transocean Ltd. [NYSE:RIG] by around 25,798,722 shares. Additionally, 130 investors decreased positions by around 22,869,896 shares, while 70 investors held positions by with 278,329,139 shares. The mentioned changes placed institutional holdings at 326,997,757 shares, according to the latest SEC report filing. RIG stock had 59 new institutional investments in for a total of 5,172,225 shares, while 38 institutional investors sold positions of 2,803,268 shares during the same period.