Trade-Ideas LLC identified

Tidewater

(

TDW

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Tidewater as such a stock due to the following factors:

  • TDW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $5.9 million.
  • TDW has traded 329,017 shares today.
  • TDW is trading at 5.42 times the normal volume for the stock at this time of day.
  • TDW is trading at a new high 15.19% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on TDW:

Tidewater Inc. provides offshore service vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. The stock currently has a dividend yield of 15.2%. Currently there are no analysts that rate Tidewater a buy, 2 analysts rate it a sell, and 6 rate it a hold.

The average volume for Tidewater has been 2.0 million shares per day over the past 30 days. Tidewater has a market cap of $197.7 million and is part of the basic materials sector and energy industry. The stock has a beta of 1.74 and a short float of 40.6% with 10.89 days to cover. Shares are down 38.6% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Tidewater as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from the ratings report include:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Energy Equipment & Services industry. The net income has significantly decreased by 801.1% when compared to the same quarter one year ago, falling from -$9.08 million to -$81.79 million.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 78.33%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 815.78% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • TDW's debt-to-equity ratio of 0.89 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Despite the fact that TDW's debt-to-equity ratio is mixed in its results, the company's quick ratio of 0.51 is low and demonstrates weak liquidity.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Energy Equipment & Services industry and the overall market on the basis of return on equity, TIDEWATER INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • Net operating cash flow has decreased to $61.97 million or 25.47% when compared to the same quarter last year. Despite a decrease in cash flow TIDEWATER INC is still fairing well by exceeding its industry average cash flow growth rate of -43.35%.

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