While Transocean Ltd has underperformed by -3.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RIG fell by -29.60%, with highs and lows ranging from $5.98 to $1.97, whereas the simple moving average fell by -22.48% in the last 200 days.
On January 15, 2025, Evercore ISI Downgraded Transocean Ltd (NYSE: RIG) to In-line. A report published by Barclays on December 18, 2024, Upgraded its rating to ‘Overweight’ for RIG. JP Morgan also Upgraded RIG shares as ‘Neutral’, setting a target price of $5 on the company’s shares in a report dated December 06, 2024. Citigroup September 12, 2024d its ‘Buy’ rating to ‘Neutral’ for RIG, as published in its report on September 12, 2024. Susquehanna also rated the stock as ‘Positive’.
Analysis of Transocean Ltd (RIG)
Further, the quarter-over-quarter increase in sales is 18.74%, showing a positive trend in the upcoming months.
One of the most important indicators of Transocean Ltd’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 -6.65% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.06, 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 RIG is recording 40.76M average volume. On a monthly basis, the volatility of the stock is set at 5.28%, whereas on a weekly basis, it is put at 5.03%, with a loss of -9.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.76, showing growth from the present price of $2.64, which can serve as yet another indication of whether RIG is worth investing in or should be passed over.
How Do You Analyze Transocean Ltd 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 16.65%. 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 69.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RIG shares are owned by institutional investors to the tune of 69.70% at present.
