Torm Plc (NASDAQ: TRMD) is -40.91% lower on its value in year-to-date trading and has touched a low of $18.01 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 $18.44 in the last trading session, with the day’s loss setting it -0.47%.
Currently trading at $17.97, the stock is -10.06% and -25.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -2.55% at the moment leaves the stock -45.35% off its SMA200. TRMD registered -39.62% loss for a year compared to 6-month loss of -50.24%. The firm has a 50-day simple moving average (SMA 50) of $24.2495 and a 200-day simple moving average (SMA200) of $32.961475.
The stock witnessed a -25.03% gain in the last 1 month and extending the period to 3 months gives it a -48.82%, and is -4.16% 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 2.77% over the week and 2.96% over the month.
Torm Plc (TRMD) has around 370 employees, a market worth around $1.75B and $1.64B in sales. Current P/E ratio is 2.32 and Fwd P/E is 3.48. Profit margin for the company is 43.81%. Distance from 52-week low is -0.22% and -55.60% 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 -5.94% 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.
237.0 institutions hold shares in Torm Plc (TRMD), with institutional investors hold 65.61% of the company’s shares. The shares outstanding are 95.20M, and float is at 52.94M with Short Float at 3.69%. Institutions hold 65.35% 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.
