Torm Plc (NASDAQ: TRMD) is -12.78% 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 $17.68 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $16.97, the stock is -6.85% and -11.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -4.04% at the moment leaves the stock -38.82% off its SMA200. TRMD registered -50.25% loss for a year compared to 6-month loss of -51.93%. The firm has a 50-day simple moving average (SMA 50) of $19.1268 and a 200-day simple moving average (SMA200) of $27.728575.
The stock witnessed a -9.81% gain in the last 1 month and extending the period to 3 months gives it a -10.99%, and is -11.69% 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 2.89% over the week and 3.79% over the month.
Torm Plc (TRMD) has around 479 employees, a market worth around $1.66B and $1.56B in sales. Current P/E ratio is 2.64 and Fwd P/E is 5.40. Profit margin for the company is 39.27%. Distance from 52-week low is 1.22% and -58.08% from its 52-week high. The company has generated returns on investments over the last 12 months (19.53%).
with sales reaching $244.25M over the same period.The EPS is expected to shrink by -55.00% this year, but quarterly earnings will post -37.34% year-over-year. Quarterly sales are estimated to shrink -45.00% in year-over-year returns.
187.0 institutions hold shares in Torm Plc (TRMD), with institutional investors hold 62.95% of the company’s shares. The shares outstanding are 97.81M, and float is at 53.63M with Short Float at 9.64%. Institutions hold 62.92% 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 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.
