Scorpio Tankers Inc. (NYSE: STNG) is -11.81% lower on its value in year-to-date trading and has touched a low of $28.50 and a high of $64.20 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 STNG stock was last observed hovering at around $48.48 in the last trading session, with the day’s loss setting it -1.06%.
Currently trading at $47.42, the stock is -2.65% and -10.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing -2.19% at the moment leaves the stock -5.68% off its SMA200. STNG registered 53.51% gain for a year compared to 6-month gain of -10.66%. The firm has a 50-day simple moving average (SMA 50) of $2.52 and a 200-day simple moving average (SMA200) of $3.50.
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The stock witnessed a -15.06% loss in the last 1 month and extending the period to 3 months gives it a -22.08%, and is -1.08% 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 3.65% over the week and 4.09% over the month.
Scorpio Tankers Inc. (STNG) has around 24 employees, a market worth around $2.72B and $1.77B in sales. Current P/E ratio is 3.21 and Fwd P/E is 4.44. Profit margin for the company is 51.60%. Distance from 52-week low is 66.39% and -26.14% from its 52-week high. The company has generated returns on investments over the last 12 months (17.70%).
Scorpio Tankers Inc. (STNG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Scorpio Tankers Inc. (STNG) is a “Buy”. 14 analysts offering their recommendations for the stock have an average rating of 1.50, where 1 rate it as a Hold and 0 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Scorpio Tankers Inc. is expected to release its quarterly report on 08/02/2023.The EPS is expected to grow by 334.20% this year
Scorpio Tankers Inc. (STNG) Top Institutional Holders
The shares outstanding are 56.84M, and float is at 51.73M with Short Float at 6.36%.