Nordic American Tankers Ltd (NAT) concluded trading on Thursday at a closing price of $2.61, with 3.55 million shares of worth about $9.27 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.09% during that period and on December 12, 2024 the price saw a loss of about -1.14%. 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 -3.69% in past 5 days and over the past one month there was a price change of -13.00%. Year-to-date (YTD), NAT shares are showing a performance of -37.86% which decreased to -31.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.60 but also hit the highest price of $4.64 during that period. The average intraday trading volume for Nordic American Tankers Ltd shares is 2.52 million. The stock is currently trading -7.87% below its 20-day simple moving average (SMA20), while that difference is down -18.00% for SMA50 and it goes to -29.34% lower than SMA200.
Nordic American Tankers Ltd (NYSE: NAT) currently have 208.80M outstanding shares and institutions hold larger chunk of about 41.07% of that.
The stock has a current market capitalization of $544.96M and its 3Y-monthly beta is at -0.31. PE ratio of stock for trailing 12 months is 8.67, while it has posted earnings per share of $0.30 in the same period. Its PEG reads 1.73 and has Quick Ratio of 0.51 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 2.89% while standing at 3.44% over the month.
Stock’s fiscal year EPS is expected to drop by -39.15% while it is estimated to increase by 62.24% 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.
