On Monday, Nordic American Tankers Ltd (NYSE: NAT) was -1.29% down from the session before settling in for the closing price of $3.88. A 52-week range for NAT has been $3.26 – $4.83.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Industrials sector has jumped its sales by 5.47% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 29.81%. With a float of $202.49 million, this company’s outstanding shares have now reached $208.80 million.
Nordic American Tankers Ltd (NAT) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Nordic American Tankers Ltd stocks. The insider ownership of Nordic American Tankers Ltd is 3.02%, while institutional ownership is 45.49%.
Nordic American Tankers Ltd (NAT) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 31.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 29.81% per share during the next fiscal year.
Nordic American Tankers Ltd (NYSE: NAT) Trading Performance Indicators
You can see what Nordic American Tankers Ltd (NAT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.23. Likewise, its price to free cash flow for the trailing twelve months is 12.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.47, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.73 in one year’s time.
Technical Analysis of Nordic American Tankers Ltd (NAT)
Let’s dig in a bit further. During the last 5-days, its volume was 2.63 million. That was inferior than the volume of 2.96 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 28.12%. Additionally, its Average True Range was 0.10.
During the past 100 days, Nordic American Tankers Ltd’s (NAT) raw stochastic average was set at 7.91%, which indicates a significant increase from 4.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.40% in the past 14 days, which was lower than the 33.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.05, while its 200-day Moving Average is $4.13. However, in the short run, Nordic American Tankers Ltd’s stock first resistance to watch stands at $3.90. Second resistance stands at $3.97. The third major resistance level sits at $4.01. If the price goes on to break the first support level at $3.79, it is likely to go to the next support level at $3.75. The third support level lies at $3.68 if the price breaches the second support level.
Nordic American Tankers Ltd (NYSE: NAT) Key Stats
There are 208,796K outstanding shares of the company, which has a market capitalization of 799.70 million. As of now, sales total 262,180 K while income totals 98,710 K. Its latest quarter income was 59,250 K while its last quarter net income were 17,500 K.
