As of Wednesday close, Euronav NV’s (NYSE:EURN) stock was down -$0.22, moving down -1.22 percent to $17.86. The average number of shares traded per day over the past five days has been 954,920 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.12 fall in that time frame. In the last twenty days, the average volume was 1,130,360, while in the previous 50 days, it was 990,928.
Since last month, EURN stock rose 9.91%. Shares of the company fell to $15.91 on 08/02/23, the lowest level in the past month. A 52-week high of $19.50 was reached on 03/03/23 after having rallying from a 52-week low of $12.02. Since the beginning of this year, EURN’s stock price has risen by 12.85% or $0.82, and marked a new high 8 times. However, the stock has declined by -8.43% since its 52-week high.
Valuation Metrics
The latest dividend of $0.56 per share was paid out, which is 14.29% more than last year’s $0.49. On Thursday August 3 2023, a $0.07 dividend increase was announced.
Financial Health
Based on annual data, EURN earned $568.92 million in gross profit and brought in $965.97 million in revenue.
EURN’s revenue rose 50.89% during the quarter, while net income inched up to $854.67 million. While analysts expected Euronav NV to report $0.81 quarterly earnings, the actual figure was $0.8 per share, beating the consensus estimate by -1.20%. The liabilities of Euronav NV were 1.94 billion at the end of its most recent quarter ended June 29, and its total debt was $1.78 billion.
Technical Picture
This quick technical analysis looks at Euronav NV’s (EURN) price momentum. With a historical volatility rate of 15.20%, the RSI 9-day stood at 55.78% on 30 August.
With respect to its five-day moving average, the current Euronav NV price is down by -0.67% percent or -$0.12. At present, EURN shares trade +9.98% above its 20-day simple moving average and +8.70% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.14% above its SMA50 and -4.90% below its SMA200.
Stochastic coefficient K was 50.73% and Stochastic coefficient D was 57.48%, while ATR was 0.47. Given the Stochastic reading of 38.28% for the 14-day period, the RSI (14) reading has been calculated as 59.83%. As of today, the MACD Oscillator reading stands at -0.13, while the 14-day reading stands at -0.01.
Analyst Ratings
JP Morgan launched its rating on Euronav NV (NYSE: EURN) to an Overweight in a note to investors on August 15, 2023. Euronav NV (EURN) has been rated Overweight by analysts. According to 0 brokerage firms, EURN is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Euronav NV stock as buy, with 14 recommending it as overweight.
With a median target price of $21.50, the current consensus forecast for the stock is $16.40 – $34.00. Based on these forecasts, analysts predict Euronav NV (EURN) will achieve an average price target of $21.77.
