Tidewater (TDW) has been under a strong bear grip, hence the stock is down -11.12% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 15.86% in the past 1 week. The stock has risen by 16.05% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.6% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 6.33% and the 50-Day Moving Average is 18.25%.The 200 Day SMA reached 48.47%
Tidewater (NYSE:TDW): The stock was completely flat for the day, closing at $2.82 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $2.86, the stock touched an intraday high of $2.93 and a low of $2.69. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $2.82. The total trading volume on Friday was 1,393,284.
Tidewater (TDW) : 6 investment research analysts covering Tidewater (TDW) have an average price target of $5.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $4 for the short term. Analysts expect the variance to be within $1.6 of the average price.
Tidewater Inc. provides offshore service vessels and marine support services to the global offshore energy industry. The Company operates through four operating segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Americas segment includes the activities of its North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations in Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian, Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in the Caspian Sea, the North Sea, and other arctic and cold water markets.