Tidewater Inc (NYSE: TDW) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 52.32M common shares owned by the public and among those 49.58M shares have been available to trade.

The company’s stock has a 5-day price change of -3.84% and -31.46% over the past three months. TDW shares are trading -29.94% year to date (YTD), with the 12-month market performance down to -29.13% lower. It has a 12-month low price of $46.50 and touched a high of $111.42 over the same period. TDW has an average intraday trading volume of 1.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.36%, -8.36%, and -38.77% respectively.

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Institutional ownership of Tidewater Inc (NYSE: TDW) shares accounts for 100.19% of the company’s 52.32M shares outstanding.

It has a market capitalization of $2.64B and a beta (3y monthly) value of 1.08. The stock’s trailing 12-month PE ratio is 14.84, while the earnings-per-share (ttm) stands at $3.40. The company has a PEG of 2.97 and a Quick Ratio of 2.18 with the debt-to-equity ratio at 0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.36% over the week and 4.63% over the month.

Earnings per share for the fiscal year are expected to increase by 95.36%, and 47.42% over the next financial year.

Looking at the support for the TDW, a number of firms have released research notes about the stock. DNB Markets stated their Buy rating for the stock in a research note on November 29, 2024, with the firm’s price target at $70. Raymond James coverage for the Tidewater Inc (TDW) stock in a research note released on November 11, 2024 offered a Outperform rating with a price target of $102. Raymond James on their part issued Strong Buy rating on July 14, 2023.

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