International Seaways Inc. (NYSE:INSW) saw an upside of 1.41% to close Friday at $46.71 after adding $0.65 on the day. The 5-day average trading volume is 433,040 shares of the company’s common stock. It has gained $46.88 in the past week and touched a new high 3 times within the past 5 days. An average of 758,730 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 647,620.
INSW’s 1-month performance is 27.59% or $10.11 on its low of $35.51 reached on 07/21/23. The company’s shares have touched a 52-week low of $25.60 and high of $49.02, with the stock’s rally to the 52-week high happening on 03/03/23. YTD, INSW has achieved 37.05% or $9.69 and has reached a new high 20 times. However, the current price is down -4.72% from the 52-week high price.
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Insider Transactions
INSW stock investors last saw insider trading activity on Aug 15.Small James D III (CAO,SVP,Sec. & General Counsel) most recently sold 500 shares at $44.79 per share on Aug 15. This transaction cost the insider $22,395. CAO,SVP,Sec. & General Counsel, Small James D III, sold 20,000 shares at a price of $45.18 on Aug 11. Then, on Aug 01, President & CEO Zabrocky Lois K sold 1,000 shares at a price of $42.79 per share. This transaction amounted to $42,790.
Valuation Metrics
INSW stock has a beta of 0.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.95 while the price-to-book (PB) in the most recent quarter is 1.41, with the price to cash flow ratio at 5.16.
International Seaways Inc.’s quick ratio for the period ended June 29 was 2.30, with the current ratio over the same period at 2.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.48, while the total debt to equity was 0.60. In terms of profitability, the gross margin trailing 12 months is 75.20%. The trailing 12-month EBITDA margin is 61.86% while for the period ending June 29, International Seaways Inc.’s operating margin was 61.90%. The firm’s gross profit as reported stood at $580.9 million against revenue of $864.66 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 55.1% to $153.76 million, while revenue of $172.63 million was -12.27% off the previous quarter. Analysts expected INSW to announce $2.64 per share in earnings in its latest quarter, but it posted $3.12, representing a 18.20% surprise. EBITDA for the quarter stood at more than $202.69 million. INSW stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.04 billion, with total debt at $986.04 million. Shareholders hold equity totaling $48.89 million.
Let’s look briefly at International Seaways Inc. (INSW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 76.44% to suggest the stock is trending Overbought, with historical volatility in this time period at 25.12%.
The stock’s 5-day moving average is $45.68, reflecting a +3.27% or $1.48 change from its current price. INSW is currently trading +27.21% above its 20-day SMA, +8.83% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +27.62% and SMA200 by+10.14%.
Stochastic %K and %D was 71.12% and 68.28% and the average true range (ATR) pointed at 1.50. The RSI (14) points at 72.63%, while the 14-day stochastic is at 77.35% with the period’s ATR at 1.48. The stock’s 9-day MACD Oscillator is pointing at 0.55 and 1.34 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for International Seaways Inc. (NYSE: INSW), Deutsche Bank launched coverage with a Buy rating. Analysts offering their rating for INSW stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate INSW as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.
What is INSW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $45.00 and a high of $82.00, with their median price target at $61.00. Looking at these predictions, the average price target given by analysts is for International Seaways Inc. (INSW) stock is $61.60.
