Scorpio Tankers Inc. (NYSE: STNG) on June 21, 2022, started off the session at the price of $34.80, soaring 9.56% from the previous trading day. During the day, the shares moved up to $38.07 and dropped to $34.80 before settling in for the closing price of $34.09. Within the past 52 weeks, STNG’s price has moved between $11.02 and $37.71.
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Annual sales at Energy sector company grew by 0.70% over the past five years. The company achieved an average annual earnings per share of -356.70%. With a float of $51.26 million, this company’s outstanding shares have now reached $55.41 million.
Let’s look at the performance matrix of the company that is accounted for 26 employees. In terms of profitability, gross margin is -6.98, operating margin of -16.74, and the pretax margin is -43.35.
Scorpio Tankers Inc. (STNG) Insider Updates
Observing investor behavior towards Oil & Gas Midstream industry stocks is more important than anything else. The insider ownership of Scorpio Tankers Inc. is 3.20%, while institutional ownership is 47.10%.
Scorpio Tankers Inc. (STNG) Performance Highlights and Predictions
As on 3/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.27 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.66) by $0.39. This company achieved a net margin of -43.35 while generating a return on equity of -12.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -356.70% per share during the next fiscal year.
Scorpio Tankers Inc. (NYSE: STNG) Trading Performance Indicators
Scorpio Tankers Inc. (STNG) is currently performing well based on its current performance indicators. A quick ratio of 1.10 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.95. Likewise, its price to free cash flow for the trailing twelve months is 39.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.66, a number that is poised to hit 2.41 in the next quarter and is forecasted to reach 3.77 in one year’s time.
Technical Analysis of Scorpio Tankers Inc. (STNG)
Scorpio Tankers Inc. (NYSE: STNG) saw its 5-day average volume 1.74 million, a positive change from its year-to-date volume of 1.19 million. As of the previous 9 days, the stock’s Stochastic %D was 48.40%. Additionally, its Average True Range was 2.29.
During the past 100 days, Scorpio Tankers Inc.’s (STNG) raw stochastic average was set at 97.14%, which indicates a significant increase from 86.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.49% in the past 14 days, which was higher than the 54.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.76, while its 200-day Moving Average is $19.20. Nevertheless, the first resistance level for the watch stands at $38.68 in the near term. At $40.01, the stock is likely to face the second major resistance level. The third major resistance level sits at $41.95. If the price goes on to break the first support level at $35.41, it is likely to go to the next support level at $33.47. Assuming the price breaks the second support level, the third support level stands at $32.14.
Scorpio Tankers Inc. (NYSE: STNG) Key Stats
Market capitalization of the company is 2.29 billion based on 58,370K outstanding shares. Right now, sales total 540,790 K and income totals -234,440 K. The company made 174,050 K in profit during its latest quarter, and -84,450 K in sales during its previous quarter.