Investors Should Take Note Of Euronav NV (EURN)

Euronav NV (EURN) concluded trading on Wednesday at a closing price of $14.69, with 3.77 million shares of worth about $55.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.32% during that period and on March 20, 2024 the price saw a loss of about -4.61%. Currently the company’s common shares owned by public are about 220.02M shares, out of which, 86.24M shares are available for trading.

Stock saw a price change of -17.24% in past 5 days and over the past one month there was a price change of -17.38%. Year-to-date (YTD), EURN shares are showing a performance of -16.49% which decreased to -5.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.07 but also hit the highest price of $18.50 during that period. The average intraday trading volume for Euronav NV shares is 1.53 million. The stock is currently trading -15.84% below its 20-day simple moving average (SMA20), while that difference is down -16.50% for SMA50 and it goes to -14.10% lower than SMA200.

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Euronav NV (NYSE: EURN) currently have 220.02M outstanding shares and institutions hold larger chunk of about 26.56% of that.

The stock has a current market capitalization of $2.97B and its 3Y-monthly beta is at 0.06. PE ratio of stock for trailing 12 months is 4.32, while it has posted earnings per share of $3.40 in the same period. It has Quick Ratio of 1.88 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EURN, volatility over the week remained 4.98% while standing at 1.43% over the month.

Stock’s fiscal year EPS is expected to drop by -52.71% while it is estimated to decrease by -0.27% in next year.

Coverage by Jefferies stated Euronav NV (EURN) stock as a Hold in their note to investors on January 31, 2024, suggesting a price target of $18 for the stock. On October 31, 2023, JP Morgan Downgrade their recommendations, while on October 24, 2023, Evercore ISI Downgrade their ratings for the stock with a price target of $19. Stock get an Overweight rating from JP Morgan on August 15, 2023.

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