Transocean Ltd [NYSE: RIG] surged by $0.11 during the normal trading session on while it closed the day at $3.32.
Transocean Ltd stock has also gained 20.29% of its value over the past 7 days. However, RIG stock has inclined by 9.21% in the 3 months of the year. Over the past six months meanwhile, it has lost -16.58% and lost -11.47% year-on date.
The market cap for RIG stock reached $2.93 billion, with 883.26 million shares outstanding and 736.15 million shares in the current float. Compared to the average trading volume of 42.32M shares, RIG reached a trading volume of 66483193 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 $3.83 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 2.30. 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 0.16, with the Price to Sales ratio for RIG stock in the period of the last 12 months amounting to 0.80. The Price to Book ratio for the last quarter was 0.29, 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 8.94 with Quick ratio for the last quarter at 1.06.
RIG stock trade performance evaluation
Transocean Ltd [RIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.29. With this latest performance, RIG shares gained by 19.42% in over the last four-week period, additionally sinking by -16.58% over the last 6 months – not to mention a drop of -40.71% in the past year of trading.
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Transocean Ltd [RIG]: An insightful look at the core fundamentals
Transocean Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.06 and a Current Ratio set at 1.33.
Transocean Ltd [RIG]: Institutional Ownership
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%.
