International Seaways Inc (INSW) Testing Investors’ Patience Right Now

Currently, there are 48.93M common shares owned by the public and among those 36.98M shares have been available to trade.

The company’s stock has a 5-day price change of -4.39% and 10.37% over the past three months. INSW shares are trading 30.56% year to date (YTD), with the 12-month market performance up to 66.95% higher. It has a 12-month low price of $31.69 and touched a high of $64.17 over the same period. INSW has an average intraday trading volume of 538.78K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.99%, -1.05%, and 16.96% respectively.

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Institutional ownership of International Seaways Inc (NYSE: INSW) shares accounts for 65.19% of the company’s 48.93M shares outstanding.

It has a market capitalization of $2.80B and a beta (3y monthly) value of -0.07. The stock’s trailing 12-month PE ratio is 5.27, while the earnings-per-share (ttm) stands at $10.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.88% over the week and 2.17% over the month.

Earnings per share for the fiscal year are expected to decrease by -6.61%, and -12.37% 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. BTIG Research coverage for the International Seaways Inc (INSW) stock in a research note released on July 27, 2022 offered a Buy rating with a price target of $30. Jefferies was of a view on July 21, 2022 that the stock is Buy, while Jefferies gave the stock Buy rating on April 27, 2022, issuing a price target of $27. H.C. Wainwright on their part issued Buy rating on March 29, 2021.

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