Nordic American Tankers Ltd (NYSE: NAT) is -1.60% lower on its value in year-to-date trading and has touched a low of $2.41 and a high of $4.40 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 NAT stock was last observed hovering at around $2.45 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $2.46, the stock is -7.05% and -7.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.44 million and changing 0.41% at the moment leaves the stock -26.60% off its SMA200. NAT registered -40.58% loss for a year compared to 6-month loss of -31.67%.
The stock witnessed a -10.55% gain in the last 1 month and extending the period to 3 months gives it a -14.58%, and is -5.75% 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 3.82% over the week and 3.33% over the month.
Nordic American Tankers Ltd (NAT) has around 17 employees, a market worth around $513.64M and $334.57M in sales. Current P/E ratio is 8.17 and Fwd P/E is 6.21. Profit margin for the company is 18.79%. Distance from 52-week low is 2.07% and -44.09% from its 52-week high. The company has generated returns on investments over the last 12 months (9.08%).
with sales reaching $43.97M over the same period.The EPS is expected to grow by 46.36% this year, but quarterly earnings will post -2.00% year-over-year. Quarterly sales are estimated to shrink -27.41% in year-over-year returns.
Nordic American Tankers Ltd (NAT) Top Institutional Holders
The shares outstanding are 208.80M, and float is at 202.49M with Short Float at 6.14%.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 11.61 million shares valued at $46.2 million. The investor’s holdings represent 5.5587% of the NAT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.58 million shares valued at $46.08 million to account for 5.5455 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 6.84 million shares representing 3.2772% and valued at over $27.23 million, while MORGAN STANLEY holds 3.1245 of the shares totaling 6.52 million with a market value of $25.96 million.
Nordic American Tankers Ltd (NAT) Insider Activity
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Nordic American Tankers Ltd (NAT): Who are the competitors?
The company’s main competitors (and peers) include Ardmore Shipping Corp. (ASC) that is trading -41.17% down over the past 12 months. Frontline PLC (FRO) that is -28.06% lower over the same period.
