Transocean Ltd saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $6.88 on 04/08/24, while the lowest price for the same duration was marked 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 -36.70% away from its 52-week high, while its distance from the 52-week low is 13.12%. The stock’s price range during this period has spanned from $3.85 to $6.88. In the Energy sector, the Transocean Ltd’s shares surpassed a trading volume of approximately 5.45 million for the day, which was noticeably lower compared to the average daily volume of 9.19.85 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Transocean Ltd (RIG) has experienced a quarterly rise of 0.81% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.90B 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 4.64, with a change in price of -0.79. Similarly, Transocean Ltd recorded 18,794,189 in trading volume during the last 100 days, posting a change of -15.35%.
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 0.64.
RIG Stock Stochastic Average
Today, Transocean Ltd’s raw stochastic average for the past 50 days stands at 57.23%, indicating a rise from the raw stochastic average of the last 20 days, which was 39.83%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 38.68% and 37.44% respectively.
RIG Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price loss of -31.42% this year. Over the last six months, there has been a stronger performance of -23.73%. The price of RIG fallen by 0.35% during the last 30 days period. For the last 5-days stocks have slided -2.57%.
