Torm Plc (NASDAQ: TRMD) is -0.31% lower on its value in year-to-date trading and has touched a low of $16.76 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 $17.35 in the last trading session, with the day’s gains setting it 2.04%.
Currently trading at $19.39, the stock is 1.96% and -1.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing 11.76% at the moment leaves the stock -33.48% off its SMA200. TRMD registered -40.59% loss for a year compared to 6-month loss of -42.79%.
The stock witnessed a -7.58% gain in the last 1 month and extending the period to 3 months gives it a -4.53%, and is 10.67% 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 4.27% over the week and 3.40% over the month.
Torm Plc (TRMD) has around 370 employees, a market worth around $1.89B and $1.64B in sales. Current P/E ratio is 2.51 and Fwd P/E is 6.04. Profit margin for the company is 43.81%. Distance from 52-week low is 15.69% and -52.09% 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 -50.29% this year
The shares outstanding are 95.20M, and float is at 53.38M with Short Float at 10.25%.
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 47.0758 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 2.3917 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 1.5261 of the shares totaling 1.43 million with a market value of $55.44 million.
