While Tidewater Inc has overperformed by 0.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TDW fell by -12.44%, with highs and lows ranging from $111.42 to $52.86, whereas the simple moving average fell by -37.32% in the last 200 days.
On November 11, 2024, Raymond James Downgraded Tidewater Inc (NYSE: TDW) to Outperform. A report published by Johnson Rice on February 09, 2024, Initiated its previous ‘Buy’ rating for TDW. Raymond James Initiated an Strong Buy rating on July 14, 2023, and assigned a price target of $85. Evercore ISI initiated its ‘Outperform’ rating for TDW, as published in its report on July 07, 2023. BTIG Research’s report from June 21, 2023 suggests a price prediction of $75 for TDW shares, giving the stock a ‘Buy’ rating. Evercore ISI also rated the stock as ‘Outperform’.
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Analysis of Tidewater Inc (TDW)
Further, the quarter-over-quarter increase in sales is 13.73%, showing a positive trend in the upcoming months.
One of the most important indicators of Tidewater Inc’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 16.88% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.18, 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 TDW is recording 1.02M average volume. On a monthly basis, the volatility of the stock is set at 3.72%, whereas on a weekly basis, it is put at 4.56%, with a loss of -17.08% over the past seven days. Furthermore, long-term investors anticipate a median target price of $92.29, showing growth from the present price of $53.19, which can serve as yet another indication of whether TDW is worth investing in or should be passed over.
How Do You Analyze Tidewater Inc Shares?
The Oil & Gas Equipment & Services market is dominated by Tidewater Inc (TDW) based in the USA. When comparing Tidewater Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 15.63, there is a growth in quarterly earnings of 78.76%.
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 5.26%. 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 103.56% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TDW shares are owned by institutional investors to the tune of 103.56% at present.
