As of Tuesday, Tidewater Inc.’s (NYSE:TDW) stock closed at $42.49, down from $42.60 the previous day. While Tidewater Inc. has underperformed by -0.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TDW rose by 241.01%, with highs and lows ranging from $43.38 to $12.16, whereas the simple moving average jumped by 64.13% in the last 200 days.
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On September 06, 2022, Evercore ISI started tracking Tidewater Inc. (NYSE: TDW) recommending Outperform. A report published by Evercore ISI on March 09, 2020, Downgraded its rating to ‘In-line’ for TDW. Credit Suisse resumed its ‘Neutral’ rating for TDW, as published in its report on August 10, 2016. Scotia Howard Weil also rated the stock as ‘Sector Perform’.
Analysis of Tidewater Inc. (TDW)
Further, the quarter-over-quarter increase in sales is 107.60%, showing a positive trend in the upcoming months.
One of the most important indicators of Tidewater Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -9.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and TDW is recording 756.48K average volume. On a monthly basis, the volatility of the stock is set at 5.42%, whereas on a weekly basis, it is put at 5.05%, with a gain of 3.63% over the past seven days. Furthermore, long-term investors anticipate a median target price of $39.33, showing decline from the present price of $42.49, which can serve as yet another indication of whether TDW is worth investing in or should be passed over.
How Do You Analyze Tidewater Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 85.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in TDW shares?
The recent increase in stakes in TDW appears to be a result of several institutional investors and hedge funds increasing their positions. T. Rowe Price Associates, Inc.’s position in TDW has increased by 6.62% in the first quarter. The company now owns 8,078,871 shares of the stock, with a value of $297.71 million, following the purchase of 501,582 additional shares during the last quarter. Robotti & Co. Advisors LLC made another decreased to its shares in TDW during the first quarter, downing its stake by -8.69%. During the last quarter, the company picked up -288,929 additional shares for a total stake of worth $111.9 million, bringing number of shares owned by the company to 3,036,645.
At the end of the first quarter, The Vanguard Group, Inc. increased its TDW holdings by 8.12% and now holds 2.3 million TDW shares valued at $84.81 million with the added 0.17 million shares during the period. TDW shares are owned by institutional investors to the tune of 85.70% at present.