Currently, there are 49.12M common shares owned by the public and among those 33.37M shares have been available to trade.
Insiders at the company have transacted a total of 98 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 255,551 shares. Insider sales of the common stock occurred on 59 occasions, with total insider shares sold totaling 223,464 shares.
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The company’s stock has a 5-day price change of 2.97% and 15.75% over the past three months. INSW shares are trading 16.45% year to date (YTD), with the 12-month market performance up to 33.28% higher. It has a 12-month low price of $31.72 and touched a high of $54.87 over the same period. INSW has an average intraday trading volume of 561.95K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.14%, 8.12%, and 25.54% respectively.
Institutional ownership of International Seaways Inc (NYSE: INSW) shares accounts for 65.68% of the company’s 49.12M shares outstanding.
It has a market capitalization of $2.59B and a beta (3y monthly) value of -0.03. The stock’s trailing 12-month PE ratio is 4.08, while the earnings-per-share (ttm) stands at $12.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.63% over the week and 3.00% over the month.
Analysts forecast that International Seaways Inc (INSW) will achieve an EPS of $2.1 for the current quarter, $2.35 for the next quarter and $9.84 for 2024. The lowest estimate earnings-per-share for the quarter is $1.87 while analysts give the company a high EPS estimate of $2.36. Comparatively, EPS for the current quarter was $4.21 a year ago. Earnings per share for the fiscal year are expected to increase by 37.79%, and -18.49% over the next financial year.
Looking at the support for the INSW, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on October 11, 2022, with the firm’s price target at $40.
