Transocean Ltd ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $8.71 on 09/28/23, while the lowest value for the same period was recorded at $3.85 on 09/10/24.
52-week price history of RIG Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Transocean Ltd’s current trading price is -50.17% away from its 52-week high, while its distance from the 52-week low is 12.73%. The stock’s price range during this period has spanned from $3.85 to $8.71. In the Energy sector, the Transocean Ltd’s shares surpassed a trading volume of approximately 4.91 million for the day, which was noticeably lower compared to the average daily volume of 9.20.47 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Transocean Ltd (RIG) has experienced a quarterly decline of -18.88% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.80B and boasts a workforce of 5800 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.20, with a change in price of -1.33. Similarly, Transocean Ltd recorded 18,482,027 in trading volume during the last 100 days, posting a change of -23.37%.
Examining RIG’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for RIG stands at 0.68. Similarly, the long-term debt-to-equity ratio is also 0.63.
RIG Stock Stochastic Average
Today’s raw stochastic average for Transocean Ltd over the last 50 days is 23.24%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 54.40%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 47.22% and 51.67%, respectively.
RIG Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -31.65%.However, over the last six months, we can see a stronger performance of -30.89%. Over the last 30 days, the price of RIG has leaped by -8.05%. And in the last five days, it has fallen by -4.41%.
