A new trading day began on Friday, with International Seaways Inc (NYSE: INSW) stock price up 1.83% from the previous day of trading, before settling in for the closing price of $49.08. INSW’s price has ranged from $38.86 to $62.33 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 50.88%. Meanwhile, its annual earnings per share averaged -13.11%. With a float of $39.75 million, this company’s outstanding shares have now reached $48.93 million.
Considering the fact that the conglomerate employs 2698 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 49.08%, operating margin of 62.56%, and the pretax margin is 63.0%.
International Seaways Inc (INSW) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Midstream Industry. The insider ownership of International Seaways Inc is 20.01%, while institutional ownership is 67.88%. The most recent insider transaction that took place on Oct 15 ’24, was worth 98,448. In this transaction President & CEO of this company sold 2,000 shares at a rate of $49.22, taking the stock ownership to the 153,475 shares. Before that another transaction happened on Sep 30 ’24, when Company’s Senior Vice President sold 1,000 for $51.24, making the entire transaction worth $51,239. This insider now owns 52,803 shares in total.
International Seaways Inc (INSW) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 2.04 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.11% per share during the next fiscal year.
International Seaways Inc (NYSE: INSW) Trading Performance Indicators
Here are International Seaways Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.42. Likewise, its price to free cash flow for the trailing twelve months is 6.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.50, a number that is poised to hit 1.60 in the next quarter and is forecasted to reach 8.74 in one year’s time.
Technical Analysis of International Seaways Inc (INSW)
Compared to the last year’s volume of 0.57 million, its volume of 0.61 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 16.01%. Additionally, its Average True Range was 1.31.
During the past 100 days, International Seaways Inc’s (INSW) raw stochastic average was set at 15.90%, which indicates a significant decrease from 23.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.13% in the past 14 days, which was higher than the 30.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.69, while its 200-day Moving Average is $54.14. Nevertheless, the first resistance level for the watch stands at $50.54 in the near term. At $51.11, the stock is likely to face the second major resistance level. The third major resistance level sits at $51.81. If the price goes on to break the first support level at $49.27, it is likely to go to the next support level at $48.57. Should the price break the second support level, the third support level stands at $48.00.
International Seaways Inc (NYSE: INSW) Key Stats
With a market capitalization of 2.48 billion, the company has a total of 49,373K Shares Outstanding. Currently, annual sales are 1,072 M while annual income is 556,450 K. The company’s previous quarter sales were 257,410 K while its latest quarter income was 144,720 K.
