Scorpio Tankers Inc (NYSE: STNG) is -17.48% lower on its value in year-to-date trading and has touched a low of $49.16 and a high of $84.67 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 STNG stock was last observed hovering at around $51.77 in the last trading session, with the day’s loss setting it -1.6%.
Currently trading at $50.17, the stock is -5.73% and -18.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -3.09% at the moment leaves the stock -29.05% off its SMA200. STNG registered -9.19% loss for a year compared to 6-month loss of -38.06%. The firm has a 50-day simple moving average (SMA 50) of $61.6462 and a 200-day simple moving average (SMA200) of $70.79155.
The stock witnessed a -13.38% gain in the last 1 month and extending the period to 3 months gives it a -26.58%, and is -2.03% 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 3.55% over the week and 3.31% over the month.
Scorpio Tankers Inc (STNG) has around 24 employees, a market worth around $2.67B and $1.38B in sales. Current P/E ratio is 3.59 and Fwd P/E is 5.32. Profit margin for the company is 52.39%. Distance from 52-week low is 2.05% and -40.75% from its 52-week high. The company has generated returns on investments over the last 12 months (20.00%).
The EPS is expected to grow by 4.91% this year
The shares outstanding are 50.53M, and float is at 48.91M with Short Float at 6.75%.
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.
