Analysis Of The Weekly Performance Of International Seaways Inc. (INSW)


International Seaways Inc. (NYSE:INSW) finished Thursday with a subtraction of -$1.5 to close at $33.51, a downside of -4.28 percent. An average of 754,934 shares of common stock have been traded in the last five days. There was a fall of -$0.25 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 638,809 shares traded, while the 50-day average volume stands at 573,127.

INSW stock has increased by 17.33% in the last month. The company shares reached their 1-month lowest point of $28.51 on 08/31/22. With the stock rallying to its 52-week high on 09/19/22, shares of the company touched a low of $13.05 and a high of $36.72 in 52 weeks. It has reached a new high 45 times so far this year and achieved 138.49% or $18.66 in price. In spite of this, the price is down -8.74% from the 52-week high.

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Insider Transactions

14 days have passed since International Seaways Inc. (INSW) last reported insider trading activity. BLACKLEY IAN T, who is Director, most recently acquired $15,499 shares at $32.57 per share on Sep 09. In this transaction, the insider spent $504,751. SVP,CFO & Treasurer, Pribor Jeffrey, disposed of 1,000 shares at a price of $28.89 on Sep 01. The insider now owns more than $28,892 worth of shares. Prior to that, Director WHEAT DOUGLAS D went on to Sale 20,000 shares at $30.85 each on Aug 29. An amount of $617,058 was transacted.

Valuation Metrics

International Seaways Inc. (INSW) stock’s beta is 0.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.74, the price-to-book (PB) ratio at 1.41.

Financial Health

The quick ratio of International Seaways Inc. for the three months ended June 29 was 2.10, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.74 and a total debt to equity ratio of 0.87 for the quarter ending June 29. Its gross profit as reported stood at $48.87 million compared to revenue of $272.55 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, International Seaways Inc.’s return on assets was -1.90%.

Earnings Surprise

For the three-month period that ended June 29, International Seaways Inc. had $912.9 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $69.04 million in the quarter, while revenues were grew 127.2%. The analyst consensus anticipated International Seaways Inc.’s latest quarter earnings to come in at $1.19 per share, but it turned out to be $1.43, a 20.20% surprise. For the quarter, EBITDA amounted to $110.92 million. Shareholders own equity worth $49.7 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at International Seaways Inc. (INSW) price momentum. RSI 9-day as of the close on 22 September was 52.19%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.68%.

As of today, INSW’s price is $35.10 -0.74% or -$0.25 from its 5-day moving average. INSW is currently trading +11.54% higher than its 20-day SMA and +57.93% higher than its 100-day SMA. However, the stock’s current price level is +68.81% above the SMA50 and +111.01% above the SMA200.

The stochastic %K and %D were 69.31% and 80.01%, respectively, and the average true range (ATR) was 1.56. With the 14-day stochastic at 49.38% and the average true range at 1.47, the RSI (14) stands at 58.19%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at 0.99.

Analyst Ratings

BTIG Research upgraded International Seaways Inc. (NYSE: INSW) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.


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