NAT Stock Forecast: All the More Reason to Consider Nordic American Tankers Ltd (NAT) Now

Nordic American Tankers Ltd (NYSE: NAT) is -2.80% lower on its value in year-to-date trading and has touched a low of $2.40 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 $2.52 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $2.43, the stock is -5.85% and -8.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.58 million and changing -3.57% at the moment leaves the stock -26.54% off its SMA200. NAT registered -40.00% loss for a year compared to 6-month loss of -33.24%.

The stock witnessed a -11.31% gain in the last 1 month and extending the period to 3 months gives it a -11.96%, and is -1.22% 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 3.73% over the week and 3.26% over the month.

Nordic American Tankers Ltd (NAT) has around 17 employees, a market worth around $514.55M and $349.74M in sales. Current P/E ratio is 10.88 and Fwd P/E is 6.14. Profit margin for the company is 13.34%. Distance from 52-week low is 1.04% and -44.77% from its 52-week high. The company has generated returns on investments over the last 12 months (6.16%).

The EPS is expected to grow by 46.36% this year.

Nordic American Tankers Ltd (NAT) Top Institutional Holders

The shares outstanding are 211.75M, and float is at 205.36M with Short Float at 6.05%.

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.