Holdings of Transocean Ltd (RIG) are aligned with the stars

With 16.17 million shares changed hands, the volume of the stock remained lighter than its average volume of 17.24 million shares. The 52-week range on RIG shows that it touched its highest point at $8.88 and its lowest point at $4.45 during that stretch. It currently has a 1-year price target of $7.08. Beta for the stock currently stands at 2.78.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RIG was up-trending over the past week, with a rise of 6.70%, but this was up by 35.82% over a month. Three-month performance dropped to -1.70% while six-month performance fell -24.35%. The stock lost -5.49% in the past year, while it has gained 0.31% so far this year. A look at the trailing 12-month EPS for RIG yields -1.27 with Next year EPS estimates of 0.45. For the next quarter, that number is -0.13. This implies an EPS growth rate of 98.34% for this year and 2911.08% for next year.

Float and Shares Shorts:

At present, 809.03 million RIG shares are outstanding with a float of 713.52 million shares on hand for trading. On Mar 15, 2024, short shares totaled 129.65 million, which was 16.03% higher than short shares on Feb 15, 2024. In addition to RIG as the firm’s Transocean Ltd (Switzerland), RIO serves as its Rio Tinto Plc.

Institutional Ownership:

Through their ownership of 68.25% of RIG’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RIG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.