Nordic American Tankers Ltd (NYSE: NAT) On Friday, started off the session at the price of On Friday, remained unchanged from the previous trading day, before settling in for the closing price of $3.57. Within the past 52 weeks, NAT’s price has moved between $3.31 and $4.83.
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Annual sales at Energy sector company grew by 13.10% over the past five years. The company achieved an average annual earnings per share of -15.32%. With a float of $202.49 million, this company’s outstanding shares have now reached $208.80 million.
Let’s look at the performance matrix of the company that is accounted for 17 employees. In terms of profitability, gross margin is 35.06%, operating margin of 27.28%, and the pretax margin is 18.4%.
Nordic American Tankers Ltd (NAT) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas Midstream industry stocks is more important than anything else. The insider ownership of Nordic American Tankers Ltd is 3.02%, while institutional ownership is 43.34%.
Nordic American Tankers Ltd (NAT) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.04 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.05) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -15.32% per share during the next fiscal year.
Nordic American Tankers Ltd (NYSE: NAT) Trading Performance Indicators
Nordic American Tankers Ltd (NAT) is currently performing well based on its current performance indicators. A quick ratio of 0.53 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 2.25. Likewise, its price to free cash flow for the trailing twelve months is 21.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.30, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.55 in one year’s time.
Technical Analysis of Nordic American Tankers Ltd (NAT)
Nordic American Tankers Ltd (NYSE: NAT) saw its 5-day average volume 1.92 million, a negative change from its year-to-date volume of 2.5 million. As of the previous 9 days, the stock’s Stochastic %D was 16.91%. Additionally, its Average True Range was 0.08.
During the past 100 days, Nordic American Tankers Ltd’s (NAT) raw stochastic average was set at 28.26%, which indicates a significant increase from 18.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.99% in the past 14 days, which was lower than the 30.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.64, while its 200-day Moving Average is $3.93. Nevertheless, the first resistance level for the watch stands at $3.60 in the near term. At $3.64, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.67. If the price goes on to break the first support level at $3.53, it is likely to go to the next support level at $3.50. The third support level lies at $3.46 if the price breaches the second support level.
Nordic American Tankers Ltd (NYSE: NAT) Key Stats
Market capitalization of the company is 745.42 million based on 208,796K outstanding shares. Right now, sales total 391,690 K and income totals 98,710 K. The company made 66,100 K in profit during its latest quarter, and 21,610 K in sales during its previous quarter.
