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 -6.97% and -11.53% over the past three months. NAT shares are trading -26.90% year to date (YTD), with the 12-month market performance down to -34.26% lower. It has a 12-month low price of $3.12 and touched a high of $4.78 over the same period. NAT has an average intraday trading volume of 2.13 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 -10.39%, -14.04%, and -20.61% respectively.
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Institutional ownership of Nordic American Tankers Ltd (NYSE: NAT) shares accounts for 43.95% of the company’s 208.80M shares outstanding.
It has a market capitalization of $641.00M and a beta (3y monthly) value of -0.22. The stock’s trailing 12-month PE ratio is 10.40, while the earnings-per-share (ttm) stands at $0.30. The company has a PEG of 2.08 and a Quick Ratio of 0.53 with the debt-to-equity ratio at 0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.46% over the week and 2.16% over the month.
Earnings per share for the fiscal year are expected to decrease by -25.53%, and 49.14% 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 Hold rating for the stock in a research note on September 12, 2024, with the firm’s price target at $4. Jefferies coverage for the Nordic American Tankers Ltd (NAT) stock in a research note released on September 06, 2022 offered a Buy rating with a price target of $4. Jefferies was of a view on July 21, 2022 that the stock is Hold, while Jefferies gave the stock Hold rating on April 27, 2022, issuing a price target of $2- $2.50. Evercore ISI on their part issued In-line rating on May 25, 2021.
