Currently, there are 208.80M common shares owned by the public and among those 202.49M shares have been available to trade.
The company’s stock has a 5-day price change of -3.96% and -6.05% over the past three months. NAT shares are trading -7.62% year to date (YTD), with the 12-month market performance up to 5.43% higher. It has a 12-month low price of $3.26 and touched a high of $4.83 over the same period. NAT has an average intraday trading volume of 3.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.75%, -8.33%, and -5.49% respectively.
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Institutional ownership of Nordic American Tankers Ltd (NYSE: NAT) shares accounts for 45.49% of the company’s 208.80M shares outstanding.
It has a market capitalization of $810.14M and a beta (3y monthly) value of -0.09. The stock’s trailing 12-month PE ratio is 8.27, while the earnings-per-share (ttm) stands at $0.47. The company has a PEG of 1.65 and a Quick Ratio of 0.94 with the debt-to-equity ratio at 0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.94% over the week and 2.88% over the month.
Analysts forecast that Nordic American Tankers Ltd (NAT) will achieve an EPS of $0.11 for the current quarter, $0.12 for the next quarter and $0.61 for 2025. The lowest estimate earnings-per-share for the quarter is $0.09 while analysts give the company a high EPS estimate of $0.12. Comparatively, EPS for the current quarter was $0.22 a year ago. Earnings per share for the fiscal year are expected to increase by 15.99%, and 16.51% over the next financial year.
Looking at the support for the NAT, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on September 06, 2022, with the firm’s price target at $3-$4. Jefferies coverage for the Nordic American Tankers Ltd (NAT) stock in a research note released on July 21, 2022 offered a Hold rating with a price target of $3. H.C. Wainwright on their part issued Neutral rating on March 29, 2021.
