Stocks of Transocean Ltd (NYSE:RIG) traded higher last session on Wall Street, down -2.66% to $4.03.
RIG stock price is now -8.65% away from the 50-day moving average and -23.26% away from the 200-day moving average. The market capitalization of the company currently stands at $3.53B.
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, while ‘DNB Markets’ rates the stock as ‘Buy’
In other news, Perestroika, Director bought 1,500,000 shares of the company’s stock on Sep 12 ’24. The stock was bought for $6,195,000 at an average price of $4.13. Upon completion of the transaction, the Director now directly owns 91,074,894 shares in the company, valued at $367.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Director Perestroika (Cyprus) Ltd bought 1,500,000 shares of the business’s stock. A total of $6,195,000 was incurred on buying the stock at an average price of $4.13. This leaves the insider owning 91,074,894 shares of the company worth $367.03 million. A total of 16.50% of the company’s stock is owned by insiders.
During the past 12 months, Transocean Ltd has had a low of $3.85 and a high of $7.05. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.36, and a quick ratio of 1.08. The fifty day moving average price for RIG is $4.4114 and a two-hundred day moving average price translates $5.2518 for the stock.
The latest earnings results from Transocean Ltd (NYSE: RIG) was released for 2024-06-30. The net profit margin was -11.34% and return on equity was -3.31% for RIG. The company reported revenue of $861.0 million for the quarter, compared to $729.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.11 percent.
