TRMD Stock Forecast: All the More Reason to Consider Torm Plc (TRMD) Now

Torm Plc (NASDAQ: TRMD) is 12.59% higher on its value in year-to-date trading and has touched a low of $25.28 and a high of $40.47 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 TRMD stock was last observed hovering at around $35.36 in the last trading session, with the day’s loss setting it -1.12%.

Currently trading at $34.24, the stock is -0.96% and -6.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -3.17% at the moment leaves the stock -2.46% off its SMA200. TRMD registered 22.29% gain for a year compared to 6-month gain of -2.03%. The firm has a 50-day simple moving average (SMA 50) of $36.382 and a 200-day simple moving average (SMA200) of $35.139.

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The stock witnessed a -7.76% loss in the last 1 month and extending the period to 3 months gives it a -11.68%, and is -2.48% 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 1.72% over the week and 2.16% over the month.

Torm Plc (TRMD) has around 370 employees, a market worth around $3.26B and $1.63B in sales. Current P/E ratio is 4.38 and Fwd P/E is 5.62. Profit margin for the company is 43.81%. Distance from 52-week low is 35.44% and -15.39% from its 52-week high. The company has generated returns on investments over the last 12 months (22.81%).

with sales reaching $284.77M over the same period.The EPS is expected to grow by 8.70% this year, but quarterly earnings will post -15.90% year-over-year. Quarterly sales are estimated to shrink -20.50% in year-over-year returns.

Torm Plc (TRMD) Top Institutional Holders

220.0 institutions hold shares in Torm Plc (TRMD), with institutional investors hold 72.08% of the company’s shares. The shares outstanding are 85.73M, and float is at 50.87M with Short Float at 4.37%. Institutions hold 71.79% of the Float.

The top institutional shareholder in the company is OAKTREE CAPITAL MANAGEMENT LP with over 44.11 million shares valued at $1.72 billion. The investor’s holdings represent 49.1203% of the TRMD Shares outstanding. As of 2024-06-30, the second largest holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with 2.24 million shares valued at $87.09 million to account for 2.4956 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.51 million shares representing 1.6763% and valued at over $58.36 million, while MARSHALL WACE, LLP holds 1.5924 of the shares totaling 1.43 million with a market value of $55.44 million.