The stock of International Seaways Inc. (NYSE:INSW) decreased by -$0.05 on Friday to finish at $45.23, down -0.11 percent. The last five days have seen an average of 673,020 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $8.21. The average number of shares traded over the last 20 days was 765,725, while the average volume over the last 50 days totaled 662,842.
INSW stock appreciated 20.68% since last month. On 07/21/23, the company’s shares reached a one-month low of $35.51. The stock touched a high of $49.02 on 03/03/23, after rallying from a low of $24.52 in 52 weeks. The price of INSW stock has risen by 32.71% or $8.21 this year, reaching a new high 20 times. Still, the stock price is down -7.74% from the 52-week high.
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Insider Transactions
INSW stock investors should be aware that International Seaways Inc. (INSW) stock had its last reported insider trading activity 13 days ago on Aug 01. On Aug 01, President & CEO Zabrocky Lois K sold 1,000 shares at $42.79 each. This transaction resulted in the insider making $42,790. On Jul 27, Small James D III sold 1,000 shares at a price of US$40.00. After the transaction, the insider now owns 75,217 shares. President & CEO Zabrocky Lois K had earlier sold 1,000 shares on Jul 03 for $38.35 a share. The transaction was completed for $38,350.
Valuation Metrics
International Seaways Inc. (INSW) has a trailing price-to-earnings (P/E) ratio of 3.93. Beta for the stock is 0.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.12, the price-to-book (PB) ratio of 1.37, and the price-to-cash flow ratio of 5.11.
Company paid $1.42 per share in dividends, a decrease of -12.35% from $1.62 last year. A $0.20 dividend decrease was reported on Wednesday August 9 2023.
Financial Health
For the three months ended June 29, International Seaways Inc.’s quick ratio was 2.30, while its current ratio was 2.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.48, and the total debt to equity ratio is 0.60. As far as profitability goes, gross margin for the trailing twelve months is 73.80% percent. International Seaways Inc.’s EBITDA margin for the year ended June 29 was 61.86%, whereas its operating margin stood at 68.00% for the same period. Based on annual data, it had gross profit of $580.9 million and revenue of $864.66 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. INSW’s return on assets (ROA) during the last 12 months has been 25.60%. There was a 17.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 43.90%.
Earnings Surprise
According to International Seaways Inc.’s quarterly financial report for the quarter that ended June 29, it had $778.27 million in total debt versus $120.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $292.2 million, while revenues rose by 35.59% to $287.13 million. It was predicted that International Seaways Inc.’s quarterly earnings would be $3.12, but it ended up being $2.64, beating the consensus by 18.20%. EBITDA was $202.69 million for the quarter. At the end of International Seaways Inc.’s most recent quarter ended June 29, its liabilities totaled 1.04 billion, while its total debt was $986.04 million. Equity owned by shareholders amounts to $48.89 million.
Technical Picture
Here’s a quick look at International Seaways Inc.’s (INSW) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 71.45%, suggesting the stock is Overbought, with a 33.03% historical volatility rate.
The stochastic %K and %D were 75.37% and 83.71% respectively, while the average true range (ATR) was 1.60. Based on the 14-day stochastic reading of 70.01%, the RSI (14) reading is 69.22%. On the 9-day MACD Oscillator, the stock is at 1.40, and the 14-day reading is at 2.77.
Analyst Ratings
In its analyst report released on October 11, 2022, Deutsche Bank began covering International Seaways Inc. (NYSE: INSW). The stock was rated as a Buy by the brokerage firm. Analysts have assigned International Seaways Inc. (INSW) an Buy rating. INSW is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is INSW’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.00 and $82.00, with a median target price of $61.00. In analyzing these forecasts, the average price target given by analysts for International Seaways Inc. (INSW) is $61.60.
