Scorpio Tankers Inc (NYSE: STNG) is -48.52% lower on its value in year-to-date trading and has touched a low of $30.63 and a high of $82.04 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 $39.9 in the last trading session, with the day’s gains setting it 1009960.1%.
Currently trading at $1010000.0, the stock is 1.58% and 3.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 4.89% at the moment leaves the stock -13.50% off its SMA200. STNG registered -15.78% loss for a year compared to 6-month loss of -15.47%. The firm has a 50-day simple moving average (SMA 50) of $40.2798 and a 200-day simple moving average (SMA200) of $48.3814.
The stock witnessed a 5.60% gain in the last 1 month and extending the period to 3 months gives it a 9.84%, and is 2.25% 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 3.22% over the week and 3.93% over the month.
Scorpio Tankers Inc (STNG) has around 24 employees, a market worth around $2.14B and $1.24B in sales. Current P/E ratio is 3.21 and Fwd P/E is 6.95. Profit margin for the company is 53.76%. Distance from 52-week low is 36.63% and -48.99% 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 -45.10% this year
311.0 institutions hold shares in Scorpio Tankers Inc (STNG), with institutional investors hold 83.53% of the company’s shares. The shares outstanding are 49.92M, and float is at 44.27M with Short Float at 5.33%. Institutions hold 72.72% 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 6.9706 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 2.8502 of the shares totaling 1.43 million with a market value of $115.9 million.
