Torm Plc (NASDAQ: TRMD) is -33.21% lower on its value in year-to-date trading and has touched a low of $20.69 and a high of $40.47 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 TRMD stock was last observed hovering at around $20.94 in the last trading session, with the day’s loss setting it -0.63%.
Currently trading at $20.31, the stock is -11.79% and -26.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -3.01% at the moment leaves the stock -39.94% off its SMA200. TRMD registered -27.98% loss for a year compared to 6-month loss of -44.99%. The firm has a 50-day simple moving average (SMA 50) of $27.9807 and a 200-day simple moving average (SMA200) of $33.885777.
The stock witnessed a -21.88% gain in the last 1 month and extending the period to 3 months gives it a -40.07%, and is -7.22% 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 2.95% over the week and 3.17% over the month.
Torm Plc (TRMD) has around 370 employees, a market worth around $1.96B and $1.64B in sales. Current P/E ratio is 2.62 and Fwd P/E is 3.83. Profit margin for the company is 43.81%. Distance from 52-week low is -1.84% and -49.81% from its 52-week high. The company has generated returns on investments over the last 12 months (23.32%).
with sales reaching $280.61M over the same period.The EPS is expected to shrink by -5.87% this year, but quarterly earnings will post -12.37% year-over-year. Quarterly sales are estimated to shrink -27.64% in year-over-year returns.
Torm Plc (TRMD) Top Institutional Holders
234.0 institutions hold shares in Torm Plc (TRMD), with institutional investors hold 65.60% of the company’s shares. The shares outstanding are 95.20M, and float is at 52.23M with Short Float at 3.74%. Institutions hold 65.34% 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.
Torm Plc (TRMD) Insider Activity
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