Nordic American Tankers Ltd (NYSE:NAT) does about 2.93M shares in volume on a normal day but saw 1619117 shares change hands in Monday trading. The company now has a market cap of 820.58M USD. Its current market price is $3.93, marking a decrease of -2.00% compared to the previous close of $4.01. The 52 week high reached by this stock is $4.83 whilst the lowest price level in 52 weeks is $3.26.
Nordic American Tankers Ltd (NAT) has a 20-day trading average at $3.97 and the current price is -18.63% off the 52-week high compared with 20.55% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.10 and its 200-day simple moving average is $4.12. If we look at the stock’s price movements over the week, volatility stands at 1.72%, which increases to 2.06% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.71 to suggest the stock is neutral.
The consensus objective for the share price is $5.28, suggesting that the stock has a potential upside of 25.57% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 06, 2022 when Jefferies upgraded the stock to “Buy” and issued a price target of between $3 and $4. Jefferies resumed its price target at $2-$2.50.
Nordic American Tankers Ltd (NAT) stock is down -2.24% over the week and -3.68% over the past month. Its price is -6.43% year-to-date and 10.70% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.08 below consensus estimates by -$0.05. NAT’s earnings per share are forecast to grow by 31.90% this year and 11.30% over next year. Expected sales for next quarter are $79.93 million, which analysts say will come at $328.69 million for the current fiscal year and next year at $343.59 million. In addition, estimates put the company’s current quarterly revenue at an average of $83.08 million.
To reach the target analysts have set, the stock logically needs to grow 25.57 percent from here.
Outstanding shares total 208.80M with insiders holding 3.02% of the shares and institutional holders owning 45.85% of the company’s common stock. The company has a return on investment of 12.22% and return on equity of 18.31%. The price to earnings ratio (P/E ratio) amounts to 8.38 while the forward price to earnings ratio is 5.63. The beta has a value of -0.10. Price to book ratio is 1.52 and price to sales ratio is 2.29.
