During the recent session, Transocean Ltd (NYSE:RIG)’s traded shares were 2.03 million, with the beta value of the company hitting 2.81. At the last check today, the stock’s price was $5.78, reflecting an intraday gain of 0.78% or $0.04. The 52-week high for the RIG share is $8.88, that puts it down -53.63 from that peak though still a striking 23.01% gain since the share price plummeted to a 52-week low of $4.45. The company’s market capitalization is $4.74B, and the average trade volume was 18.46 million shares over the past three months.
Transocean Ltd (NYSE:RIG) trade information
Transocean Ltd (RIG) registered a 0.78% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.78% in intraday trading to $5.78, hitting a weekly high. The stock’s 5-day price performance is 2.03%, and it has moved by -7.44% in 30 days. Based on these gigs, the overall price performance for the year is 0.61%.
Transocean Ltd (RIG) estimates and forecasts
Statistics show that Transocean Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Transocean Ltd (RIG) shares have gone down -15.79% during the last six months, with a year-to-date growth rate more than the industry average at 102.08% against -6.40. In the rating firms’ projections, revenue will increase 27.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 787.04M as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to 882.94M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 649M and 729M respectively. In this case, analysts expect current quarter sales to grow by 21.30% and then jump by 21.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 21.86%. While earnings are projected to return 95.44% in 2024.
RIG Dividends
Transocean Ltd is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
