Nordic American Tankers Ltd (NYSE: NAT) is -28.79% lower on its value in year-to-date trading and has touched a low of $2.13 and a high of $3.87 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 $2.78 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $2.77, the stock is 2.54% and 2.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -0.36% at the moment leaves the stock 0.50% off its SMA200. NAT registered 10.80% gain for a year compared to 6-month loss of 4.53%. The firm has a 50-day simple moving average (SMA 50) of $2.7116 and a 200-day simple moving average (SMA200) of $2.75615.
The stock witnessed a 4.92% gain in the last 1 month and extending the period to 3 months gives it a 10.80%, and is 1.47% 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 1.97% over the week and 2.47% over the month.
Nordic American Tankers Ltd (NAT) has around 15 employees, a market worth around $586.55M and $319.25M in sales. Current P/E ratio is 16.17 and Fwd P/E is 8.31. Profit margin for the company is 11.22%. Distance from 52-week low is 30.05% and -28.42% from its 52-week high. The company has generated returns on investments over the last 12 months (4.68%).
The EPS is expected to grow by 19.85% this year
256.0 institutions hold shares in Nordic American Tankers Ltd (NAT), with institutional investors hold 42.27% of the company’s shares. The shares outstanding are 211.75M, and float is at 205.36M with Short Float at 7.06%. Institutions hold 40.43% 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.
