The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -5.12%.However, over the last six months, we can see a stronger performance of -24.21%. Over the last 30 days, the price of RIG has fallen by 25.00%. And in the last five days, it has surged by 3.88%.
Transocean Ltd experienced a rather shaky stock market performance. The highest value in the past year was recorded at $8.88 on 09/15/23 and the lowest value was $4.45 on 02/20/24.
52-week price history of RIG Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Transocean Ltd’s current trading price is -32.15% away from its 52-week high, while its distance from the 52-week low is 35.39%. The stock’s price range during this period has varied between$4.45 and $8.88. The Transocean Ltd’s shares, which operate in the Energy, saw a trading volume of around 4.5 million for the day, a figure considerably lower than their average daily volume of 17.23 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Transocean Ltd (RIG) has experienced a quarterly decline of -2.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.87B and boasts a workforce of 5800 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.81, with a change in price of -0.53. Similarly, Transocean Ltd recorded 16,823,984 in trading volume during the last 100 days, posting a change of -8.02%.
RIG’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for RIG stands at 0.75. Similarly, the long-term debt-to-equity ratio is also 0.71.
RIG Stock Stochastic Average
Transocean Ltd’s raw stochastic average for the past 50 days is presently 91.04%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 90.17%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 92.63% and 94.42%, respectively.
