The stock of Nordic American Tankers Limited (NYSE:NAT) decreased by -$0.13 on Monday to finish at $3.97, down -3.17 percent. The last five days have seen an average of 2,956,020 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $0.91. The average number of shares traded over the last 20 days was 2,463,500, while the average volume over the last 50 days totaled 2,423,684.
NAT stock dropped -6.59% since last month. On 08/28/23, the company’s shares reached a one-month low of $3.92. The stock touched a high of $4.65 on 03/08/23, after rallying from a low of $2.33 in 52 weeks. The price of NAT stock has risen by 29.74% or $0.91 this year, reaching a new high 20 times. Still, the stock price is down -14.62% from the 52-week high.
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Valuation Metrics
Nordic American Tankers Limited (NAT) has a trailing price-to-earnings (P/E) ratio of 9.15. Beta for the stock is 0.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.07, the price-to-book (PB) ratio of 1.49.
Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.10 dividend increase was reported on Monday February 27 2023.
Financial Health
For the three months ended March 30, Nordic American Tankers Limited’s quick ratio was 0.80, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.29, and the total debt to equity ratio is 0.51. As far as profitability goes, gross margin for the trailing twelve months is 43.70% percent. Based on annual data, it had gross profit of $105.39 million and revenue of $339.34 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 4.90% return on investment (ROI) in the past year.
Earnings Surprise
According to Nordic American Tankers Limited’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $339.34 million, while revenues rose by 43.69% to $0.0. It was predicted that Nordic American Tankers Limited’s quarterly earnings would be $0.22, but it ended up being $0.2. EBITDA was $54.68 million for the quarter. At the end of Nordic American Tankers Limited’s most recent quarter ended March 30, its liabilities totaled 306.96 million, while its total debt was $284.9 million.
Technical Picture
Here’s a quick look at Nordic American Tankers Limited’s (NAT) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 30.92%, suggesting the stock is Neutral, with a 21.67% historical volatility rate.
The stochastic %K and %D were 22.83% and 32.91% respectively, while the average true range (ATR) was 0.15. Based on the 14-day stochastic reading of 8.93%, the RSI (14) reading is 40.40%. On the 9-day MACD Oscillator, the stock is at -0.05, and the 14-day reading is at -0.09.
Analyst Ratings
In its most recent analyst report, Jefferies raised its rating on Nordic American Tankers Limited (NYSE: NAT) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Nordic American Tankers Limited (NAT) an Buy rating. NAT is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is NAT’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $6.00, with a median target price of $4.80. In analyzing these forecasts, the average price target given by analysts for Nordic American Tankers Limited (NAT) is $4.93.
