Transocean Ltd (NYSE:RIG) shares, rose in value on Wednesday, March 26, with the stock price up by 2.55% to the previous day’s close as strong demand from buyers drove the stock to $3.22.
Actively observing the price movement in the last trading, the stock closed the session at $3.14, falling within a range of $3.14 and $3.3. The value of beta (5-year monthly) was 2.72. Referring to stock’s 52-week performance, its high was $6.88, and the low was $2.55. On the whole, RIG has fluctuated by 0.94% over the past month.
With the market capitalization of Transocean Ltd currently standing at about $2.84 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-16.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RIG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of RIG currently trading nearly 6.83% and -6.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.94, while the 7-day volatility ratio is showing 4.60% which for the 30-day chart, stands at 5.77%. Furthermore, Transocean Ltd (RIG)’s beta value is 2.35, and its average true range (ATR) is 0.17.
A comparison of Transocean Ltd (RIG) with its peers suggests the former has fared considerably weaker in the market. RIG showed an intraday change of 2.55% in last session, and over the past year, it shrunk by -46.06%%.
Data on historical trading for Transocean Ltd (NYSE:RIG) indicates that the trading volumes over the past 10 days have averaged 36.48 and over the past 3 months, they’ve averaged 31.54 million. According to company’s latest data on outstanding shares, there are 875.83 million shares outstanding.
Nearly 16.66% of Transocean Ltd’s shares belong to company insiders and institutional investors own 69.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 138.99 million shares as on 2025-03-14, resulting in a short ratio of 3.52. According to the data, the short interest in Transocean Ltd (RIG) stood at 1778.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 148.58 million. The stock has fallen by -14.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RIG stock heading into the next quarter.
