Nordic American Tankers Ltd (NAT) Looks Ready for Growth Despite -13.33% Change This Year

Nordic American Tankers Ltd (NYSE: NAT) is -13.33% lower on its value in year-to-date trading and has touched a low of $3.31 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 $3.62 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $3.64, the stock is -0.21% and 0.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.36 million and changing 0.55% at the moment leaves the stock -8.46% off its SMA200. NAT registered -9.45% loss for a year compared to 6-month loss of -7.14%. The firm has a 50-day simple moving average (SMA 50) of $3.6358 and a 200-day simple moving average (SMA200) of $3.97535.

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The stock witnessed a 1.11% gain in the last 1 month and extending the period to 3 months gives it a -8.54%, and is 0.55% up 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 2.16% over the week and 2.34% over the month.

Nordic American Tankers Ltd (NAT) has around 17 employees, a market worth around $760.03M and $332.09M in sales. Current P/E ratio is 11.37 and Fwd P/E is 5.96. Profit margin for the company is 20.13%. Distance from 52-week low is 9.97% and -24.64% from its 52-week high. The company has generated returns on investments over the last 12 months (9.27%).

with sales reaching $64M over the same period.The EPS is expected to shrink by -12.39% this year, but quarterly earnings will post 7.30% year-over-year. Quarterly sales are estimated to grow 33.20% 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 3.56%.

The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 11.61 million shares valued at $46.2 million. The investor’s holdings represent 5.5587% of the NAT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.58 million shares valued at $46.08 million to account for 5.5455 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 6.84 million shares representing 3.2772% and valued at over $27.23 million, while MORGAN STANLEY holds 3.1245 of the shares totaling 6.52 million with a market value of $25.96 million.