Nordic American Tankers Limited (NAT): Why You Should Keep An Eye On It

The stock of Nordic American Tankers Limited (NYSE:NAT) decreased by -$0.37 on Monday to $2.30, down -14.04 percent. The last five days have seen an average of 8,336,506 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $0.62. The average number of shares traded over the last 20 days was 9,085,062, while the average volume over the last 50 days totaled 8,614,396.

NAT stock dropped -8.25% since last month. On 05/09/22, the company’s shares reached a one-month low of $2.07. The stock touched a high of $3.81 on 04/21/22, after rallying from a low of $1.40 in 52 weeks. The price of NAT stock has risen by 57.99% or $0.62 this year, reaching a new high 8 times. Still, the stock price is down -39.76% from the 52-week high.


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Valuation Metrics

Beta for the stock is 0.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.96, the price-to-book (PB) ratio of 0.96.

Company paid $0.01 per share in dividends, remained unchanged from $0.01 last year. A $0.01 dividend decrease was reported on Tuesday August 31 2021.

Financial Health

For the three months ended December 30, Nordic American Tankers Limited’s quick ratio was 1.30, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending December 30 is 0.57, and the total debt to equity ratio is 0.64. As far as profitability goes, gross margin for the trailing twelve months is -2.50% percent. Nordic American Tankers Limited’s operating margin stood at -75.60% for the same period. Based on annual data, it had gross profit of -$4.86 million and revenue of $191.07 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NAT’s return on assets (ROA) during the last 12 months has been -18.80%. There was a -17.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -31.40%.

Earnings Surprise

According to Nordic American Tankers Limited’s quarterly financial report for the quarter that ended December 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $191.08 million, while revenues fell by -85.59% to $0.0. It was predicted that Nordic American Tankers Limited’s quarterly earnings would be -$0.11, but it ended up being -$0.13, beating the consensus by 15.40%. EBITDA was -$66.15 million for the quarter. At the end of Nordic American Tankers Limited’s most recent quarter ended December 30, its liabilities totaled 352.93 million, while its total debt was $322.83 million.

Technical Picture

Here’s a quick look at Nordic American Tankers Limited’s (NAT) price momentum from a technical perspective. As of 20 May, the RSI 9-day stood at 41.09%, suggesting the stock is Neutral, with a 116.33% historical volatility rate.

The stochastic %K and %D were 65.75% and 74.80% respectively, while the average true range (ATR) was 0.29. Based on the 14-day stochastic reading of 29.27%, the RSI (14) reading is 44.82%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at 0.07.

Analyst Ratings

Analysts have assigned Nordic American Tankers Limited (NAT) an Overweight rating. NAT is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.

What is NAT’s price target for the next 12 months?

The current consensus forecast for the stock is between $1.90 and $5.00, with a median target price of $2.75. In analyzing these forecasts, the average price target given by analysts for Nordic American Tankers Limited (NAT) is $3.09.

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