As of Thursday close, Euronav NV’s (NYSE:EURN) stock was up $0.63, moving up 3.80 percent to $17.20. The average number of shares traded per day over the past five days has been 1,534,000 shares. 5 times new highs have been achieved over the past 5 days, with a $1.71 gain in that time frame. In the last twenty days, the average volume was 1,174,795, while in the previous 50 days, it was 1,063,700.
Since last month, EURN stock retreated -5.29%. Shares of the company fell to $15.03 on 09/13/23, 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 8.68% or $0.16, and marked a new high 8 times. However, the stock has declined by -11.81% since its 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
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 32.28%, the RSI 9-day stood at 64.82% on 21 September.
With respect to its five-day moving average, the current Euronav NV price is up by +11.04% percent or $1.71. At present, EURN shares trade -4.34% below its 20-day simple moving average. However, the stock is currently trading approximately +9.62% above its SMA50 and -15.56% below its SMA200.
Stochastic coefficient K was 64.46% and Stochastic coefficient D was 48.27%, while ATR was 0.60. Given the Stochastic reading of 95.18% for the 14-day period, the RSI (14) reading has been calculated as 58.53%. As of today, the MACD Oscillator reading stands at 0.73, while the 14-day reading stands at 0.71.
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 Buy by analysts. According to 0 brokerage firms, EURN is a sell, and 4 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 $21.68.
