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Will Nordic American Tankers Ltd (NAT) benefit from Wall Street bulls Calls?

Nordic American Tankers Ltd (NYSE: NAT) is -9.52% lower on its value in year-to-date trading and has touched a low of $3.26 and a high of $4.83 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 $3.77 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $3.80, the stock is -3.10% and -5.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.02 million and changing 0.80% at the moment leaves the stock -8.09% off its SMA200. NAT registered 0.80% gain for a year compared to 6-month loss of -9.52%.

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The stock witnessed a -1.30% gain in the last 1 month and extending the period to 3 months gives it a -14.41%, and is -2.06% 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 2.35% over the week and 2.23% over the month.

Current P/E ratio is 8.10 and Fwd P/E is 5.22. Profit margin for the company is 27.55%. Distance from 52-week low is 16.56% and -21.33% from its 52-week high. The company has generated returns on investments over the last 12 months (12.22%).

Nordic American Tankers Ltd quarterly earnings per share for the current quarter are estimated at $0.11 with sales reaching $83.08M over the same period.The EPS is expected to grow by 29.81% this year, but quarterly earnings will post 25.40% year-over-year. Quarterly sales are estimated to shrink -4.60% in year-over-year returns.

Nordic American Tankers Ltd (NAT) Top Institutional Holders

The shares outstanding are 208.80M, and float is at 202.49M with Short Float at 4.08%.

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