Stocks of Transocean Ltd (NYSE:RIG) traded higher last session on Wall Street, up 0.67% to $4.50.
RIG stock price is now 4.55% away from the 50-day moving average and -13.36% away from the 200-day moving average. The market capitalization of the company currently stands at $3.85B.
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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 $409.84 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 $409.84 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 $6.94. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.64, and a quick ratio of 1.34. The fifty day moving average price for RIG is $4.309 and a two-hundred day moving average price translates $5.20005 for the stock.
The latest earnings results from Transocean Ltd (NYSE: RIG) was released for 2024-09-30. The net profit margin was -18.80% and return on equity was -6.07% for RIG. The company reported revenue of $948.0 million for the quarter, compared to $713.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.96 percent.
