Scorpio Tankers Inc (NYSE: STNG) is -23.43% lower on its value in year-to-date trading and has touched a low of $37.14 and a high of $84.67 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 STNG stock was last observed hovering at around $39.28 in the last trading session, with the day’s loss setting it -1.23%.
Currently trading at $38.05, the stock is -3.83% and -13.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing -3.13% at the moment leaves the stock -36.92% off its SMA200. STNG registered -47.14% loss for a year compared to 6-month loss of -46.41%. The firm has a 50-day simple moving average (SMA 50) of $43.822 and a 200-day simple moving average (SMA200) of $60.3243.
The stock witnessed a -6.65% gain in the last 1 month and extending the period to 3 months gives it a -22.60%, and is -9.79% 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 3.72% over the week and 3.68% over the month.
Scorpio Tankers Inc (STNG) has around 24 employees, a market worth around $1.90B and $1.24B in sales. Current P/E ratio is 2.92 and Fwd P/E is 5.31. Profit margin for the company is 53.76%. Distance from 52-week low is 2.45% and -55.06% from its 52-week high. The company has generated returns on investments over the last 12 months (18.60%).
The EPS is expected to shrink by -37.71% this year
347.0 institutions hold shares in Scorpio Tankers Inc (STNG), with institutional investors hold 86.69% of the company’s shares. The shares outstanding are 49.92M, and float is at 49.90M with Short Float at 6.16%. Institutions hold 74.71% of the Float.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 3.49 million shares valued at $283.47 million. The investor’s holdings represent 6.9873 of the STNG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.77 million shares valued at $224.83 million to account for 5.5288 of the shares outstanding. The other top investors are LSV ASSET MANAGEMENT which holds 2.0 million shares representing 3.9892 and valued at over $162.22 million, while VANGUARD GROUP INC holds 2.857 of the shares totaling 1.43 million with a market value of $115.9 million.
Scorpio Tankers Inc (STNG) Insider Activity
Still, SEC filings show that on Nov 26 ’24, Avella Christopher John (Officer) Proposed Sale 24,667 shares at an average price of $51.74 for $1.28 million. The insider now directly holds shares of Scorpio Tankers Inc (STNG).
