Nordic American Tankers Ltd (NYSE: NAT) is -1.60% lower on its value in year-to-date trading and has touched a low of $2.39 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 -0.06%.
Currently trading at $2.46, the stock is -2.90% and -5.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing -2.38% at the moment leaves the stock -22.87% off its SMA200. NAT registered -37.08% loss for a year compared to 6-month loss of -32.04%. The firm has a 50-day simple moving average (SMA 50) of $2.6078 and a 200-day simple moving average (SMA200) of $3.18935.
The stock witnessed a 0.41% gain in the last 1 month and extending the period to 3 months gives it a -1.99%, and is -4.65% 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 2.83% over the week and 3.19% over the month.
Current P/E ratio is 11.02 and Fwd P/E is 5.97. Profit margin for the company is 13.34%. Distance from 52-week low is 2.93% and -44.09% from its 52-week high. The company has generated returns on investments over the last 12 months (6.16%).
with sales reaching $43.97M over the same period.The EPS is expected to grow by 52.73% 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
267.0 institutions hold shares in Nordic American Tankers Ltd (NAT), with institutional investors hold 41.85% of the company’s shares. The shares outstanding are 211.75M, and float is at 205.36M with Short Float at 7.03%. Institutions hold 40.48% of the Float.
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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