Transocean Ltd [NYSE: RIG] plunged by -$0.08 during the normal trading session on while it closed the day at $3.86.
Transocean Ltd stock has also loss -3.98% of its value over the past 7 days. However, RIG stock has declined by -13.06% in the 3 months of the year. Over the past six months meanwhile, it has lost -25.34% and lost -39.21% year-on date.
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The market cap for RIG stock reached $3.31 billion, with 875.80 million shares outstanding and 731.08 million shares in the current float. Compared to the average trading volume of 19.48M shares, RIG reached a trading volume of 17534591 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIG shares is $5.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RIG stock is a recommendation set at 2.55. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Transocean Ltd shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 06, 2024. The new note on the price target was released on October 15, 2024, representing the official price target for Transocean Ltd stock.
The Average True Range (ATR) for Transocean Ltd is set at 0.18, with the Price to Sales ratio for RIG stock in the period of the last 12 months amounting to 1.00. The Price to Book ratio for the last quarter was 0.33, with the Price to Cash per share for the same quarter was set at 0.93.
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 -3.98. With this latest performance, RIG shares dropped by -8.96% in over the last four-week period, additionally sinking by -25.34% over the last 6 months – not to mention a drop of -35.23% 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 36.54, with the RSI for the last a single of trading hit 30.96, and the three-weeks RSI is set at 39.86 for Transocean Ltd [RIG]. The present Moving Average for the last 50 days of trading for this stock 4.26, while it was recorded at 3.98 for the last single week of trading, and 5.10 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 1.34 and a Current Ratio set at 1.64.
Transocean Ltd [RIG]: Institutional Ownership
There are presently around $76.85%, or 92.24%% of RIG stock, in the hands of institutional investors. The top three institutional holders of RIG stocks are: VANGUARD GROUP INC with ownership of 73.12 million shares, which is approximately 8.9283%. BLACKROCK INC., holding 64.85 million shares of the stock with an approximate value of $$346.96 million in RIG stocks shares; and BLACKROCK INC., currently with $$300.24 million in RIG stock with ownership which is approximately 6.8522%.
