Torm Plc (NASDAQ: TRMD) is -35.35% lower on its value in year-to-date trading and has touched a low of $17.77 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 $19.06 in the last trading session, with the day’s gains setting it 0.6%.
Currently trading at $19.66, the stock is 0.42% and -15.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 3.15% at the moment leaves the stock -39.81% off its SMA200. TRMD registered -38.91% loss for a year compared to 6-month loss of -48.82%. The firm has a 50-day simple moving average (SMA 50) of $23.4381 and a 200-day simple moving average (SMA200) of $32.733425.
The stock witnessed a -10.19% gain in the last 1 month and extending the period to 3 months gives it a -43.01%, and is 7.49% 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 3.23% over the week and 2.98% over the month.
Torm Plc (TRMD) has around 370 employees, a market worth around $1.91B and $1.64B in sales. Current P/E ratio is 2.54 and Fwd P/E is 3.81. Profit margin for the company is 43.81%. Distance from 52-week low is 10.64% and -51.42% from its 52-week high. The company has generated returns on investments over the last 12 months (23.32%).
The EPS is expected to shrink by -5.94% this year
238.0 institutions hold shares in Torm Plc (TRMD), with institutional investors hold 65.64% 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 65.39% 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.
