Transocean Ltd [NYSE: RIG] stock went on a downward path that fall over -1.88% on Friday, amounting to a one-week price decrease of less than 0.00%.
Over the last 12 months, RIG stock dropped by -56.57%. The one-year Transocean Ltd stock forecast points to a potential upside of 33.25. The average equity rating for RIG stock is currently 2.21, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.31 billion, with 883.26 million shares outstanding and 736.16 million shares in the current float. Compared to the average trading volume of 41.91M shares, RIG stock reached a trading volume of 34381708 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $3.91 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 2.21. 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.
Evercore ISI have made an estimate for Transocean Ltd shares, keeping their opinion on the stock as In-line, with their previous recommendation back on January 15, 2025. The new note on the price target was released on December 18, 2024, representing the official price target for Transocean Ltd stock. Previously, the target price had yet another raise to $5, while JP Morgan analysts kept a Neutral rating on RIG stock.
The Average True Range (ATR) for Transocean Ltd is set at 0.17, with the Price to Sales ratio for RIG stock in the period of the last 12 months amounting to 0.63. 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 0.78. Price to Free Cash Flow for RIG in the course of the last twelve months was 7.03 with Quick ratio for the last quarter at 1.06.
RIG Stock Performance Analysis:
Transocean Ltd [RIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, RIG shares gained by 20.83% in over the last four-week period, additionally sinking by -39.16% over the last 6 months – not to mention a drop of -56.57% 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 53.21, with the RSI for the last a single of trading hit 55.86, and the three-weeks RSI is set at 50.36 for Transocean Ltd [RIG]. The present Moving Average for the last 50 days of trading for this stock 2.65, while it was recorded at 2.71 for the last single week of trading, and 3.79 for the last 200 days.
Insight into Transocean Ltd Fundamentals:
Transocean Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.06 and a Current Ratio set at 1.33.
Transocean Ltd [RIG] Institutonal Ownership Details
The top three institutional holders of RIG stocks are: VANGUARD GROUP INC with ownership of 73.12 million shares, which is approximately 8.8742%. 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 6.8106%.
