International Seaways Inc (NYSE: INSW) is 29.29% higher on its value in year-to-date trading and has touched a low of $36.62 and a high of $62.33 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 INSW stock was last observed hovering at around $52.99 in the last trading session, with the day’s gains setting it 1.31%.
Currently trading at $54.30, the stock is 8.10% and 8.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing 2.47% at the moment leaves the stock 5.99% off its SMA200. INSW registered 40.85% gain for a year compared to 6-month loss of 6.16%. The firm has a 50-day simple moving average (SMA 50) of $51.0656 and a 200-day simple moving average (SMA200) of $53.88855.
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The stock witnessed a 12.20% gain in the last 1 month and extending the period to 3 months gives it a -4.17%, and is 4.40% 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 2.35% over the week and 2.19% over the month.
International Seaways Inc (INSW) has around 2698 employees, a market worth around $2.70B and $1.02B in sales. Current P/E ratio is 5.17 and Fwd P/E is 6.26. Profit margin for the company is 50.70%. Distance from 52-week low is 48.29% and -12.89% from its 52-week high. The company has generated returns on investments over the last 12 months (20.30%).
The EPS is expected to shrink by -11.85% this year
The shares outstanding are 48.93M, and float is at 39.75M with Short Float at 2.17%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.21 million shares valued at $248.72 million. The investor’s holdings represent 8.5892 of the INSW Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 3.2 million shares valued at $189.49 million to account for 6.5436 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.09 million shares representing 6.3174 and valued at over $182.94 million, while MACQUARIE GROUP LTD holds 2.8695 of the shares totaling 1.41 million with a market value of $83.09 million.
International Seaways Inc (INSW) Insider Activity
The most recent transaction is an insider sale by Nugent William F., the company’s Senior Vice President. SEC filings show that Nugent William F. sold 1,000 shares of the company’s common stock on Sep 30 ’24 at a price of $51.24 per share for a total of $51239.0. Following the sale, the insider now owns 52803.0 shares.
International Seaways Inc disclosed in a document filed with the SEC on Sep 16 ’24 that Zabrocky Lois K (President & CEO) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $50.30 per share for $0.1 million. Following the transaction, the insider now directly holds 0.16 million shares of the INSW stock.
Still, SEC filings show that on Sep 12 ’24, Blankenship Alexandra Kate (Director) disposed off 5,000 shares at an average price of $49.17 for $0.25 million. The insider now directly holds 16,109 shares of International Seaways Inc (INSW).
