Nordic American Tankers Limited (NAT) Shares: Are They Risky Or Cheap?

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MDVL Stock
MDVL Stock

Nordic American Tankers Limited (NYSE:NAT) finished Thursday with a subtraction of -$0.11 to close at $3.25, a downside of -3.27 percent. An average of 6,660,480 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 6,278,940 shares traded, while the 50-day average volume stands at 4,753,302.

NAT stock has increased by 19.93% in the last month. The company shares reached their 1-month lowest point of $2.33 on 08/30/22. With the stock rallying to its 52-week high on 09/22/22, shares of the company touched a low of $1.40 and a high of $3.54 in 52 weeks. It has reached a new high 12 times so far this year and achieved 92.31% or $1.56 in price. In spite of this, the price is down -8.19% from the 52-week high.


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Valuation Metrics

Nordic American Tankers Limited (NAT) stock’s beta is 0.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.32, the price-to-book (PB) ratio at 1.26.

The company’s most recent quarterly dividend payment was $0.03 a share, representing a up of 50.0% from $0.02 last year. Its latest increase dividend $0.01 reported on Tuesday August 30 2022.

Financial Health

The quick ratio of Nordic American Tankers Limited for the three months ended March 30 was 1.20, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.61 for the quarter ending March 30. Its gross profit as reported stood at -$4.86 million compared to revenue of $191.07 million.

Earnings Surprise

For the three-month period that ended March 30, Nordic American Tankers Limited had $283.41 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 -$171.33 million in the quarter, while revenues were grew 129.2%. The analyst consensus anticipated Nordic American Tankers Limited’s latest quarter earnings to come in at -$0.12 per share, but it turned out to be -$0.14, a -16.70% surprise. For the quarter, EBITDA amounted to $1.92 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Nordic American Tankers Limited (NAT) price momentum. RSI 9-day as of the close on 22 September was 56.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 76.20%.

As of today, NAT’s price is $3.33 unch or $unch from its 5-day moving average. NAT is currently trading +16.07% higher than its 20-day SMA and +26.95% higher than its 100-day SMA. However, the stock’s current price level is +56.25% above the SMA50 and +76.63% above the SMA200.

The stochastic %K and %D were 81.04% and 85.88%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 69.57% and the average true range at 0.22, the RSI (14) stands at 58.59%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.18.

Analyst Ratings

Jefferies upgraded Nordic American Tankers Limited (NYSE: NAT) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Nordic American Tankers Limited (NAT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NAT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

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

Analysts predict a range of price targets between $2.50 and $5.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for Nordic American Tankers Limited (NAT) stock is $3.88.

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