Nordic American Tankers Ltd (NAT) concluded trading on Thursday at a closing price of $3.57, with 2.53 million shares of worth about $9.02 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.31% during that period and on October 17, 2024 the price saw a gain of about 0.85%. Currently the company’s common shares owned by public are about 208.80M shares, out of which, 202.49M shares are available for trading.
Stock saw a price change of -2.72% in past 5 days and over the past one month there was a price change of -3.51%. Year-to-date (YTD), NAT shares are showing a performance of -15.00% which decreased to -14.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.31 but also hit the highest price of $4.83 during that period. The average intraday trading volume for Nordic American Tankers Ltd shares is 2.19 million. The stock is currently trading -2.72% below its 20-day simple moving average (SMA20), while that difference is down -1.93% for SMA50 and it goes to -9.37% lower than SMA200.
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Nordic American Tankers Ltd (NYSE: NAT) currently have 208.80M outstanding shares and institutions hold larger chunk of about 43.60% of that.
The stock has a current market capitalization of $745.42M and its 3Y-monthly beta is at -0.24. PE ratio of stock for trailing 12 months is 12.09, while it has posted earnings per share of $0.30 in the same period. Its PEG reads 2.42 and has Quick Ratio of 0.53 while making debt-to-equity ratio of 0.54. 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 1.80% while standing at 2.15% over the month.
Stock’s fiscal year EPS is expected to drop by -15.32% while it is estimated to increase by 38.19% 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 12, 2024 offering a Hold rating for the stock and assigned a target price of $4 to it. Coverage by Jefferies stated Nordic American Tankers Ltd (NAT) stock as a Buy in their note to investors on September 06, 2022, suggesting a price target of $4 for the stock. On July 21, 2022, Jefferies Initiated their recommendations, while on April 27, 2022, Jefferies Resumed their ratings for the stock with a price target of $2.50. Stock get an In-line rating from Evercore ISI on May 25, 2021.
