Nordic American Tankers Ltd (NYSE: NAT) is -0.80% lower on its value in year-to-date trading and has touched a low of $2.13 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 $2.53 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $2.48, the stock is 0.24% and -2.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.85 million and changing -1.98% at the moment leaves the stock -20.20% off its SMA200. NAT registered -37.69% loss for a year compared to 6-month loss of -32.43%. The firm has a 50-day simple moving average (SMA 50) of $2.5486 and a 200-day simple moving average (SMA200) of $3.10785.
The stock witnessed a -2.36% gain in the last 1 month and extending the period to 3 months gives it a -17.33%, and is 5.53% 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 6.17% over the week and 4.17% over the month.
Current P/E ratio is 11.11 and Fwd P/E is 6.93. Profit margin for the company is 13.34%. Distance from 52-week low is 16.43% and -43.64% 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 30.91% 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
260.0 institutions hold shares in Nordic American Tankers Ltd (NAT), with institutional investors hold 41.60% of the company’s shares. The shares outstanding are 211.75M, and float is at 205.36M with Short Float at 6.81%. Institutions hold 40.24% 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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