Torm Plc (NASDAQ: TRMD) is 18.56% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRMD stock was last observed hovering at around $22.18 in the last trading session, with the day’s gains setting it 0.88%.
Currently trading at $23.06, the stock is 17.05% and 7.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing 3.97% at the moment leaves the stock -27.73% off its SMA200. TRMD registered -28.52% loss for a year compared to 6-month loss of -38.14%. The firm has a 50-day simple moving average (SMA 50) of $21.5071 and a 200-day simple moving average (SMA200) of $31.962725.
The stock witnessed a 16.23% gain in the last 1 month and extending the period to 3 months gives it a -28.21%, and is 14.73% 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 3.25% over the week and 3.13% over the month.
Torm Plc (TRMD) has around 370 employees, a market worth around $2.24B and $1.64B in sales. Current P/E ratio is 2.98 and Fwd P/E is 4.47. Profit margin for the company is 43.81%. Distance from 52-week low is 29.77% and -43.02% 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.
Torm Plc (TRMD) Top Institutional Holders
234.0 institutions hold shares in Torm Plc (TRMD), with institutional investors hold 65.23% of the company’s shares. The shares outstanding are 95.20M, and float is at 52.94M with Short Float at 8.10%. Institutions hold 65.21% 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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