Nordic American Tankers Ltd (NAT) concluded trading on Wednesday at a closing price of $4.16, with 4.65 million shares of worth about $19.33 million changed hands on the day and on Wednesday the price saw a loss of about -0.72%. Currently the company’s common shares owned by public are about 208.80M shares, out of which, 202.49M shares are available for trading.
However, the stock later moved at a day high price of 4.3500, or with a loss of -0.72%. Stock saw a price change of -0.48% in past 5 days and over the past one month there was a price change of -3.48%. Year-to-date (YTD), NAT shares are showing a performance of -0.95% which increased to 13.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.26 but also hit the highest price of $4.83 during that period. The average intraday trading volume for Nordic American Tankers Ltd shares is 3.38 million. The stock is currently trading -2.68% below its 20-day simple moving average (SMA20), while that difference is down -2.60% for SMA50 and it goes to 2.37% higher than SMA200.
Nordic American Tankers Ltd (NYSE: NAT) currently have 208.80M outstanding shares and institutions hold larger chunk of about 45.38% of that.
The stock has a current market capitalization of $868.61M and its 3Y-monthly beta is at -0.08. PE ratio of stock for trailing 12 months is 7.41, while it has posted earnings per share of $0.56 in the same period. Its PEG reads 1.48 and has Quick Ratio of 1.41 while making debt-to-equity ratio of 0.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NAT, volatility over the week remained 3.27% while standing at 3.16% over the month.
Analysts are in expectations that Nordic American Tankers Ltd (NAT) stock would likely to be making an EPS of $0.13 in the current quarter, while forecast for next quarter EPS is $0.14 and it is $0.62 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.11 which is $0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 756.94% while it is estimated to increase by 19.63% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on September 06, 2022 offering a Buy rating for the stock and assigned a target price range of between $3 and $4 to it. Coverage by Jefferies stated Nordic American Tankers Ltd (NAT) stock as a Hold in their note to investors on July 21, 2022, suggesting a price target of $3 for the stock. Stock get a Neutral rating from H.C. Wainwright on March 29, 2021.
