Scorpio Tankers Inc (NYSE: STNG) is 20.49% higher on its value in year-to-date trading and has touched a low of $47.88 and a high of $84.67 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 STNG stock was last observed hovering at around $71.26 in the last trading session, with the day’s gains setting it 2.0%.
Currently trading at $73.26, the stock is 5.86% and 2.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 2.81% at the moment leaves the stock 1.98% off its SMA200. STNG registered 42.45% gain for a year compared to 6-month loss of 0.03%. The firm has a 50-day simple moving average (SMA 50) of $71.4596 and a 200-day simple moving average (SMA200) of $71.92135.
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The stock witnessed a 7.75% gain in the last 1 month and extending the period to 3 months gives it a -10.20%, and is 5.43% 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 2.13% over the week and 2.19% over the month.
Scorpio Tankers Inc (STNG) has around 24 employees, a market worth around $4.00B and $1.40B in sales. Current P/E ratio is 5.76 and Fwd P/E is 6.41. Profit margin for the company is 47.36%. Distance from 52-week low is 53.01% and -13.48% from its 52-week high. The company has generated returns on investments over the last 12 months (17.61%).
The EPS is expected to grow by 26.39% this year
The shares outstanding are 53.11M, and float is at 47.02M with Short Float at 6.72%.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 3.49 million shares valued at $283.47 million. The investor’s holdings represent 6.9873 of the STNG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.77 million shares valued at $224.83 million to account for 5.542 of the shares outstanding. The other top investors are LSV ASSET MANAGEMENT which holds 2.0 million shares representing 3.9988 and valued at over $162.22 million, while VANGUARD GROUP INC holds 2.857 of the shares totaling 1.43 million with a market value of $115.9 million.
