In last trading session, Transocean Ltd (NYSE:RIG) saw 20.88 million shares changing hands with its beta currently measuring 2.82. Company’s recent per share price level of $5.37 trading at $0.1 or 1.90% at ring of the bell on the day assigns it a market valuation of $4.40B. That closing price of RIG’s stock is at a discount of -65.36% from its 52-week high price of $8.88 and is indicating a premium of 17.13% from its 52-week low price of $4.45. Taking a look at company’s average trading volume volume of 19.04 million if we extend that period to 3-months.
Transocean Ltd (NYSE:RIG) trade information
Upright in the green during last session for gaining 1.90%, in the last five days RIG remained trading in the red while hitting it’s week-highest on Monday, 04/29/24 when the stock touched $5.37 price level, adding 10.35% to its value on the day. Transocean Ltd’s shares saw a change of -15.43% in year-to-date performance and have moved -6.45% in past 5-day. Transocean Ltd (NYSE:RIG) showed a performance of -19.61% in past 30-days.
Transocean Ltd (RIG) estimates and forecasts
Statistics highlight that Transocean Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -18.88% of value to its shares in past 6 months, showing an annual growth rate of 105.21% while that of industry is -5.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 26.70% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 869.72M for the same. And 14 analysts are in estimates of company making revenue of 953.62M in the next quarter. Company posted 729M and 722.56M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 21.86% during past 5 years.
RIG Dividends
Transocean Ltd is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
