Nordic American Tankers Ltd (NYSE:NAT) currently has a daily average trading volume of 2.82M but it saw 2635956 shares traded in last market. With a market cap of 565.37M USD, the company’s current market price of $2.67 came falling about -1.84 while comparing to the previous closing price of $2.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.40 and as low as $2.13.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which downgraded the stock as “Hold” in its note to investors issued on September 12, 2024, recommending a price target of $4 for it. Jefferies upgraded its recommendation for the stock as a “Buy” from “Hold” on September 06, 2022 while assigning a price target range of $3-$4. Jefferies issued its recommendations for the stock as it initiated the price target for the stock is $3.
Year-to-date it is 6.80% up and over the past year, the stock is showing a downside performance of -37.32%.
Currently, Nordic American Tankers Ltd’s total number of outstanding shares is 211.75M with 4.34% of that held by the insiders while 40.67% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.16% and return on equity (ROE) at 8.91%. It has a price to earnings ratio (P/E ratio) of 11.96 while having a 7.54 of forward P/E ratio. Stock’s beta reads -0.21. Stock has a price to book (P/B) ratio of 1.11 while price to sale or P/S ratio amounts to 1.62. Its return on asset (ROA) is 5.50% on average.
