Home  »  Industry   »  TORM plc (TRMD) – Don’t Be So Quick to...

TORM plc (TRMD) – Don’t Be So Quick to Call it Dead

TORM plc (NASDAQ: TRMD) is 238.69% higher on its value in year-to-date trading and has touched a low of $6.17 and a high of $30.68 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 TRMD stock was last observed hovering at around $28.54 in the last trading session, with the day’s loss setting it -1.58% off its average median price target of $34.00 for the next 12 months. It is also 20.73% off the consensus price target high of $34.01 offered by 4 analysts, but current levels are 14.49% higher than the price target low of $31.53 for the same period.

Currently trading at $26.96, the stock is -4.27% and 11.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing -5.54% at the moment leaves the stock 72.95% off its SMA200. TRMD registered 258.99% gain for a year compared to 6-month gain of 88.27%.

China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.


The stock witnessed a 2.78% loss in the last 1 month and extending the period to 3 months gives it a 32.16%, and is -2.74% 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 4.38% over the week and 4.32% over the month.

TORM plc (TRMD) has around 439 employees, a market worth around $2.22B and $1.19B in sales. Current P/E ratio is 6.79 and Fwd P/E is 26.96. Distance from 52-week low is 336.95% and -12.14% from its 52-week high.

TORM plc (TRMD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for TORM plc (TRMD) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

TORM plc is expected to release its quarterly report on 03/09/2023.The EPS is expected to grow by 111.10% this year

TORM plc (TRMD) Top Institutional Holders

The shares outstanding are 82.30M, and float is at 27.62M with Short Float at 1.59%.

TORM plc (TRMD) Insider Activity

A total of 0 insider transactions have happened at TORM plc (TRMD) in the last six months, with sales accounting for 0 and purchases happening 0 times.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts

Receive Best Stock To Trade Before The Opening Bell



100% Free. Stop Anytime. No Spam




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.