Nordic American Tankers Ltd (NYSE: NAT) is -34.62% lower on its value in year-to-date trading and has touched a low of $2.13 and a high of $4.23 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 $2.69 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $2.64M, the stock is -1.55% and 1.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.14 million and changing 4141429% at the moment leaves the stock -5.02% off its SMA200. NAT registered 8.00% gain for a year compared to 6-month gain of 8.87%. The firm has a 50-day simple moving average (SMA 50) of $2.6576 and a 200-day simple moving average (SMA200) of $2.84285.
The stock witnessed a 1.89% loss in the last 1 month and extending the period to 3 months gives it a 6.72%, and is -1.82% 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 3.47% over the week and 3.45% over the month.
Nordic American Tankers Ltd (NAT) has around 15 employees, a market worth around $571.73M and $319.25M in sales. Current P/E ratio is 15.76 and Fwd P/E is 8.17. Profit margin for the company is 11.22%. Distance from 52-week low is 26.76% and -36.17% from its 52-week high. The company has generated returns on investments over the last 12 months (4.68%).
with sales reaching $58.36M over the same period.The EPS is expected to grow by 32.48% this year, but quarterly earnings will post -3.48% year-over-year. Quarterly sales are estimated to shrink -11.70% in year-over-year returns.
Nordic American Tankers Ltd (NAT) Top Institutional Holders
257.0 institutions hold shares in Nordic American Tankers Ltd (NAT), with institutional investors hold 42.41% of the company’s shares. The shares outstanding are 211.75M, and float is at 205.36M with Short Float at 7.11%. Institutions hold 40.57% 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.
