As of Friday close, Nordic American Tankers Limited’s (NYSE:NAT) stock was down -$0.02, moving down -0.54 percent to $3.68. The average number of shares traded per day over the past five days has been 4,658,840 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.54 fall in that time frame. In the last twenty days, the average volume was 4,890,525, while in the previous 50 days, it was 3,658,266.
Since last month, NAT stock retreated -1.87%. Shares of the company fell to $3.56 on 02/22/23, the lowest level in the past month. A 52-week high of $4.65 was reached on 03/08/23 after having rallying from a 52-week low of $1.74. Since the beginning of this year, NAT’s stock price has risen by 20.26% or $0.62, and marked a new high 20 times. However, the stock has declined by -20.86% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.13. Besides these, the trailing price-to-sales (P/S) ratio of 3.21, the price-to-book (PB) ratio of 1.48.
The latest dividend of $0.15 per share was paid out, which is 200.0% more than last year’s $0.05. On Monday February 27 2023, a $0.10 dividend increase was announced.
Financial Health
In the three months ended September 29, Nordic American Tankers Limited’s quick ratio stood at 1.50, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.56, and the total debt-to-equity ratio was 0.65. On the profitability front, the trailing twelve-month gross margin is 21.00% percent. In the year ended September 29, operating margins totaled -9.40%. Based on annual data, NAT earned $105.39 million in gross profit and brought in $168.82 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -17.60%. Return on equity (ROE) for the past 12 months was -9.60%.
In Nordic American Tankers Limited’s quarter-end financial report for September 29, it reported total debt of $283.41 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NAT’s revenue fell -85.59% during the quarter, while net income inched up to $191.08 million. While analysts expected Nordic American Tankers Limited to report $0.06 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by -16.70%. During the quarter, the company generated $17.14 million in EBITDA. The liabilities of Nordic American Tankers Limited were 368.12 million at the end of its most recent quarter ended September 29, and its total debt was $332.68 million.
Technical Picture
This quick technical analysis looks at Nordic American Tankers Limited’s (NAT) price momentum. With a historical volatility rate of 52.08%, the RSI 9-day stood at 34.54% on 17 March.
With respect to its five-day moving average, the current Nordic American Tankers Limited price is down by -12.80% percent or -$0.54. At present, NAT shares trade -2.39% below its 20-day simple moving average and +13.58% percent above its 100-day simple moving average. However, the stock is currently trading approximately +26.90% above its SMA50 and +79.51% above its SMA200.
Stochastic coefficient K was 6.28% and Stochastic coefficient D was 18.29%, while ATR was 0.24. Given the Stochastic reading of 3.96% for the 14-day period, the RSI (14) reading has been calculated as 42.71%. As of today, the MACD Oscillator reading stands at -0.33, while the 14-day reading stands at -0.46.
Analyst Ratings
Jefferies upgraded its rating on Nordic American Tankers Limited (NYSE: NAT) to a Buy in a note to investors on September 06, 2022. The analysts firm previously had a Hold rating on the stock.Nordic American Tankers Limited (NAT) has been rated Buy by analysts. According to 0 brokerage firms, NAT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Nordic American Tankers Limited stock as buy, with 4 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $3.80 – $5.50. Based on these forecasts, analysts predict Nordic American Tankers Limited (NAT) will achieve an average price target of $4.46.