Nordic American Tankers Limited (NYSE: NAT) is 92.31% higher on its value in year-to-date trading and has touched a low of $1.40 and a high of $3.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NAT stock was last observed hovering at around $3.36 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $4.00 for the next 12 months. It is also 35.0% off the consensus price target high of $5.00 offered by 4 analysts, but current levels are -30.0% lower than the price target low of $2.50 for the same period.
Currently trading at $3.25, the stock is 9.34% and 20.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.33 million and changing -3.27% at the moment leaves the stock 47.07% off its SMA200. NAT registered 43.17% gain for a year compared to 6-month gain of 71.96%.
The stock witnessed a 19.93% loss in the last 1 month and extending the period to 3 months gives it a 59.31%, and is 0.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.75% over the week and 7.76% over the month.
Nordic American Tankers Limited (NAT) has around 19 employees, a market worth around $684.90M and $158.60M in sales. Fwd P/E is 10.55. Distance from 52-week low is 132.14% and -8.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.60%).
Nordic American Tankers Limited (NAT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Nordic American Tankers Limited (NAT) is a “Overweight”. 4 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Nordic American Tankers Limited is expected to release its quarterly report on 11/22/2022.The EPS is expected to shrink by -414.50% this year
Nordic American Tankers Limited (NAT) Top Institutional Holders
The shares outstanding are 201.67M, and float is at 195.93M with Short Float at 4.59%.
Nordic American Tankers Limited (NAT): Who are the competitors?
The company’s main competitors (and peers) include Ardmore Shipping Corporation (ASC) that is trading 191.24% up over the past 12 months and Frontline Ltd. (FRO) that is 57.70% higher over the same period. Teekay Corporation (TK) is 13.64% up on the 1-year trading charts.