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Nordic American Tankers Limited (NAT) Stock Could Soon Reward Patient Investors

Nordic American Tankers Limited (NYSE: NAT) is -3.27% lower on its value in year-to-date trading and has touched a low of $1.40 and a high of $3.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NAT stock was last observed hovering at around $2.96 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $2.96, the stock is -2.76% and -9.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing 0.00% at the moment leaves the stock 6.32% off its SMA200. NAT registered 92.21% gain for a year compared to 6-month gain of 17.00%.

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The stock witnessed a -8.07% loss in the last 1 month and extending the period to 3 months gives it a -8.64%, and is -8.07% 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 3.89% over the week and 4.31% over the month.

Nordic American Tankers Limited (NAT) has around 19 employees, a market worth around $626.22M and $243.90M in sales. Fwd P/E is 5.54. Profit margin for the company is -19.60%. Distance from 52-week low is 111.43% and -24.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.60%).

Nordic American Tankers Limited is expected to release its quarterly report on 05/17/2023.The EPS is expected to shrink by -414.50% this year.

Nordic American Tankers Limited (NAT) Top Institutional Holders

The shares outstanding are 206.91M, and float is at 203.06M with Short Float at 4.31%.

Nordic American Tankers Limited (NAT): Who are the competitors?

The company’s main competitors (and peers) include Ardmore Shipping Corporation (ASC) that is trading 309.25% up over the past 12 months and Frontline Ltd. (FRO) that is 110.77% higher over the same period. Teekay Corporation (TK) is 43.57% up on the 1-year trading charts.

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