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Do Teekay Corporation (TK) beta value of 0.90 signposts another twist?

For the readers interested in the stock health of Teekay Corporation (TK). It is currently valued at $3.65. When the transactions were called off in the previous session, Stock hit the highs of $3.405, after setting-off with the price of $3.36. Company’s stock value dipped to $3.35 during the trading on the day. When the trading was stopped its value was $3.37.Recently in News on August 11, 2022, Teekay Corporation Announces New Share Repurchase Program. Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that its Board of Directors has authorized a share repurchase program for the repurchase of up to $30 million of the Company’s outstanding common shares. Under the program, repurchases can be made from time to time in the open market, through privately-negotiated transactions and by any other means permitted under the rules of the U.S. Securities and Exchange Commission, in each case at times and prices considered appropriate by the Company. The timing of any purchases and the exact number of shares to be purchased under the program will be subject to the discretion of the Company and upon market conditions and other factors. The Company intends to make all open market repurchases under the plan in accordance with Rule 10b-18 of the U.S. Securities Exchange Act of 1934, as amended. You can read further details here

Teekay Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.70 on 08/12/22, with the lowest value was $2.54 for the same time period, recorded on 07/14/22.

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Teekay Corporation (TK) full year performance was 18.66%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Teekay Corporation shares are logging -8.98% during the 52-week period from high price, and 43.98% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.54 and $4.01.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 1619634 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Teekay Corporation (TK) recorded performance in the market was 7.32%, having the revenues showcasing 1.20% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 330.43M, as it employees total of 4150 workers.

The Analysts eye on Teekay Corporation (TK)

During the last month, 0 analysts gave the Teekay Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.19, with a change in the price was noted +0.35. In a similar fashion, Teekay Corporation posted a movement of +10.42% for the period of last 100 days, recording 436,173 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for TK is recording 1.16 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.96.

Technical rundown of Teekay Corporation (TK)

Raw Stochastic average of Teekay Corporation in the period of last 50 days is set at 96.14%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 95.21%. In the last 20 days, the company’s Stochastic %K was 91.59% and its Stochastic %D was recorded 92.70%.

Considering, the past performance of Teekay Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 7.32%. Additionally, trading for the stock in the period of the last six months notably improved by 6.31%, alongside a boost of 18.66% for the period of the last 12 months. The shares increased approximately by 4.66% in the 7-day charts and went down by 29.12% in the period of the last 30 days. Common stock shares were driven by 1.20% during last recorded quarter.

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