As of Friday close, Nordic American Tankers Limited’s (NYSE:NAT) stock was up $0.09, moving up 2.33 percent to $3.95. The average number of shares traded per day over the past five days has been 2,777,920 shares. 2 times new highs have been achieved over the past 5 days, with a $0.17 gain in that time frame. In the last twenty days, the average volume was 3,266,155, while in the previous 50 days, it was 2,736,252.
Since last month, NAT stock retreated -6.40%. Shares of the company fell to $3.69 on 09/13/23, the lowest level in the past month. A 52-week high of $4.65 was reached on 03/08/23 after having rallying from a 52-week low of $2.47. Since the beginning of this year, NAT’s stock price has risen by 29.08% or $0.89, and marked a new high 20 times. However, the stock has declined by -15.05% since its 52-week high.
Valuation Metrics
Right now, Nordic American Tankers Limited (NAT) has a P/E ratio of about 6.88. The stock’s beta is 0.16. Besides these, the trailing price-to-sales (P/S) ratio of 1.86, the price-to-book (PB) ratio of 1.50, and the price-to-cash flow ratio of 6.26 may also be considered.
The latest dividend of $0.13 per share was paid out, which is -13.33% less than last year’s $0.15. On Monday August 28 2023, a $0.02 dividend decrease was announced.
Financial Health
In the three months ended June 29, Nordic American Tankers Limited’s quick ratio stood at 0.90, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.29, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is 48.10% percent. In the year ended June 29, EBITDA margin amounted to 51.29%, whereas operating margins totaled 33.70%. Based on annual data, NAT earned $105.39 million in gross profit and brought in $339.34 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.90%. Return on equity (ROE) for the past 12 months was 22.20%.
In Nordic American Tankers Limited’s quarter-end financial report for June 29, it reported total debt of $266.34 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NAT’s revenue rose 43.69% during the quarter, while net income inched up to $339.34 million. While analysts expected Nordic American Tankers Limited to report $0.13 quarterly earnings, the actual figure was $0.13 per share. During the quarter, the company generated $34.15 million in EBITDA. The liabilities of Nordic American Tankers Limited were 330.49 million at the end of its most recent quarter ended June 29, and its total debt was $278.73 million.
Technical Picture
This quick technical analysis looks at Nordic American Tankers Limited’s (NAT) price momentum. With a historical volatility rate of 32.78%, the RSI 9-day stood at 54.39% on 22 September.
With respect to its five-day moving average, the current Nordic American Tankers Limited price is up by +4.50% percent or $0.17. At present, NAT shares trade -5.95% below its 20-day simple moving average and +13.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.22% above its SMA50 and +7.92% above its SMA200.
Stochastic coefficient K was 59.05% and Stochastic coefficient D was 54.41%, while ATR was 0.13. Given the Stochastic reading of 74.29% for the 14-day period, the RSI (14) reading has been calculated as 50.89%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.06.
Analyst Ratings
Jefferies upgraded its rating on Nordic American Tankers Limited (NYSE: NAT) to a Buy in a note to investors on September 06, 2022. The analysts firm previously had a Hold rating on the stock.Nordic American Tankers Limited (NAT) has been rated Buy by analysts. According to 0 brokerage firms, NAT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Nordic American Tankers Limited stock as buy, with 5 recommending it as overweight.
With a median target price of $4.80, the current consensus forecast for the stock is $4.00 – $6.00. Based on these forecasts, analysts predict Nordic American Tankers Limited (NAT) will achieve an average price target of $5.02.
