In the last trading session, 14.48 million Transocean Ltd (NYSE:RIG) shares changed hands as the company’s beta touched 2.82. With the company’s per share price at $5.67 changed hands at $0.1 or 1.80% during last session, the market valuation stood at $4.65B. RIG’s last price was a discount, traded about -56.61% off its 52-week high of $8.88. The share price had its 52-week low at $4.45, which suggests the last value was 21.52% up since then. When we look at Transocean Ltd’s average trading volume, we note the 3-month average coming to 19.02 million.
Transocean Ltd (NYSE:RIG) trade information
Instantly RIG was in green as seen at the end of in last trading. With action -2.58%, the performance over the past five days has been red. The jump to weekly highs of 5.82 added 1.80% to the stock’s daily price. The company’s shares are showing year-to-date downside of -10.71%, with the 5-day performance at -2.58% in the red. However, in the 30-day time frame, Transocean Ltd (NYSE:RIG) is -13.17% down.
Transocean Ltd (RIG) estimates and forecasts
Data shows that the Transocean Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -17.71% over the past 6 months, a 101.04% in annual growth rate that is considerably higher than the industry average of -5.00%. Year-over-year growth is forecast to reach 26.80% up from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 874.01M. 14 analysts are of the opinion that Transocean Ltd’s revenue for the current quarter will be 953.12M. The company’s revenue for the corresponding quarters a year ago was 729M and 722.56M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.90%. The estimates for the next quarter sales put growth at 31.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 21.86%. The 2024 estimates are for Transocean Ltd earnings to increase by 94.25%.
