Teekay Corporation (NYSE:TK) shares traded higher over the last trading session, gaining 2.27% on 05/28/21. The shares fell to a low of $3.54 before closing at $3.60. Intraday shares traded counted 0.44 million, which was 36.03% higher than its 30-day average trading volume of 681.40K. TK’s previous close was $3.52 while the outstanding shares total 101.17M. The firm has a beta of 1.34. The stock’s Relative Strength Index (RSI) is 56.89, with weekly volatility at 4.17% and ATR at 0.17. The TK stock’s 52-week price range has touched low of $1.70 and a $3.88 high.
Investors have identified the Oil & Gas Integrated company Teekay Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $356.51 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Teekay Corporation (TK) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For TK, the company has in raw cash 292.6 million on their books with 381.25 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 606.65 million total, with 1.02 billion as their total liabilities.
TK were able to record -28.62 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by -71.12 million. In cash movements, the company had a total of -20.52 million as operating cash flow.
Potential earnings growth for Teekay Corporation (TK)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, Teekay Corporation recorded a total of 359.08 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -59.87% coming in sequential stages and their sales for the 08/05/2021 quarter reducing by -0.9%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 215.78 million trying to sell their products during the last quarter, with the result yielding a gross income of 143.3 million. This allows shareholders to hold on to 101.17M with the recently reported earning now reading 0.61 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (-0.13 cents a share).
Is the stock of TK attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 41.70%.