The stock of Euronav NV (NYSE:EURN) increased by $0.15 on Friday to finish at $18.02, up 0.84 percent. The last five days have seen an average of 904,600 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $0.98. The average number of shares traded over the last 20 days was 1,093,295, while the average volume over the last 50 days totaled 1,023,918.
EURN stock appreciated 17.17% since last month. On 07/27/23, the company’s shares reached a one-month low of $15.36. The stock touched a high of $19.50 on 03/03/23, after rallying from a low of $12.02 in 52 weeks. The price of EURN stock has risen by 13.86% or $0.98 this year, reaching a new high 8 times. Still, the stock price is down -7.61% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Company paid $0.56 per share in dividends, an increase of 14.29% from $0.49 last year. A $0.07 dividend increase was reported on Thursday August 3 2023.
Financial Health
Based on annual data, it had gross profit of $568.92 million and revenue of $965.97 million.
Earnings Surprise
According to Euronav NV’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $854.67 million, while revenues rose by 50.89% to $0.0. It was predicted that Euronav NV’s quarterly earnings would be $0.8, but it ended up being $0.81, beating the consensus by -1.20%. At the end of Euronav NV’s most recent quarter ended June 29, its liabilities totaled 1.94 billion, while its total debt was $1.78 billion.
Technical Picture
Here’s a quick look at Euronav NV’s (EURN) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 64.26%, suggesting the stock is Neutral, with a 18.00% historical volatility rate.
The stochastic %K and %D were 66.70% and 72.97% respectively, while the average true range (ATR) was 0.48. Based on the 14-day stochastic reading of 69.78%, the RSI (14) reading is 65.09%. On the 9-day MACD Oscillator, the stock is at -0.08, and the 14-day reading is at 0.13.
Analyst Ratings
In its analyst report released on August 15, 2023, JP Morgan began covering Euronav NV (NYSE: EURN). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Euronav NV (EURN) an Overweight rating. EURN is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 14 others recommend it as a buy.
What is EURN’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.40 and $34.00, with a median target price of $21.50. In analyzing these forecasts, the average price target given by analysts for Euronav NV (EURN) is $21.77.
