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Nordic American Tankers Limited (NAT) – Don’t Be So Quick to Call it Dead

Nordic American Tankers Limited (NYSE: NAT) is 20.92% higher on its value in year-to-date trading and has touched a low of $1.74 and a high of $4.65 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 $3.87 in the last trading session, with the day’s loss setting it -0.17%.

Currently trading at $3.70, the stock is -9.78% and 5.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.11 million and changing -4.39% at the moment leaves the stock 24.06% off its SMA200. NAT registered 97.86% gain for a year compared to 6-month gain of 10.78%.

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The stock witnessed a 1.93% loss in the last 1 month and extending the period to 3 months gives it a 7.25%, and is -13.95% 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 5.58% over the week and 5.50% over the month.

Nordic American Tankers Limited (NAT) has around 19 employees, a market worth around $787.18M and $243.90M in sales. Fwd P/E is 7.87. Profit margin for the company is -19.60%. Distance from 52-week low is 112.64% and -20.43% 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

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 3.43%.

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

The company’s main competitors (and peers) include Ardmore Shipping Corporation (ASC) that is trading 275.74% up over the past 12 months and Frontline Ltd. (FRO) that is 92.69% higher over the same period. Teekay Corporation (TK) is 84.64% up on the 1-year trading charts.

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