A new trading day began on June 21, 2022, with Nordic American Tankers Limited (NYSE: NAT) stock priced at $1.91, up 10.58% from the previous day of trading. During the day, the shares moved up to $2.145 and dropped to $1.885 before settling in for the closing price of $1.89. NAT’s price has ranged from $1.40 to $3.50 over the past 52 weeks.
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Annual sales at Industrials sector company slipped by -11.80% over the past five years. Meanwhile, its annual earnings per share averaged -414.50%. With a float of $173.91 million, this company’s outstanding shares have now reached $178.38 million.
Let’s look at the performance matrix of the company that is accounted for 19 employees. In terms of profitability, gross margin is -35.01, operating margin of -42.99, and the pretax margin is -61.01.
Nordic American Tankers Limited (NAT) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Marine Shipping Industry. The insider ownership of Nordic American Tankers Limited is 1.90%, while institutional ownership is 29.10%.
Nordic American Tankers Limited (NAT) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2021, the company reported earnings of -$0.11 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -61.01 while generating a return on equity of -20.78. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -414.50% per share during the next fiscal year.
Nordic American Tankers Limited (NYSE: NAT) Trading Performance Indicators
Here are Nordic American Tankers Limited’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.01, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.02 in one year’s time.
Technical Analysis of Nordic American Tankers Limited (NAT)
Nordic American Tankers Limited (NYSE: NAT) saw its 5-day average volume 4.5 million, a negative change from its year-to-date volume of 6.34 million. As of the previous 9 days, the stock’s Stochastic %D was 20.42%. Additionally, its Average True Range was 0.20.
During the past 100 days, Nordic American Tankers Limited’s (NAT) raw stochastic average was set at 35.38%, which indicates a significant decrease from 48.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.65% in the past 14 days, which was lower than the 101.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.4300, while its 200-day Moving Average is $2.1300. Nevertheless, the first resistance level for the watch stands at $2.1900 in the near term. At $2.3000, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.4500. If the price goes on to break the first support level at $1.9300, it is likely to go to the next support level at $1.7800. Assuming the price breaks the second support level, the third support level stands at $1.6700.
Nordic American Tankers Limited (NYSE: NAT) Key Stats
With a market capitalization of 434.93 million, the company has a total of 193,459K Shares Outstanding. Currently, annual sales are 191,080 K while annual income is -171,330 K. The company’s previous quarter sales were 15,520 K while its latest quarter income was -26,990 K.
