Nordic American Tankers Ltd (NYSE: NAT) kicked off on Friday, down -0.89% from the previous trading day, before settling in for the closing price of $3.38. Over the past 52 weeks, NAT has traded in a range of $3.31-$4.83.
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A company in the Energy sector has jumped its sales by 13.10% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -20.43%. With a float of $202.49 million, this company’s outstanding shares have now reached $208.80 million.
In an organization with 17 employees, it is important to assess its efficiency. 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
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Midstream Industry. 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
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.04 earnings per share (EPS), lower than consensus estimate (set at 0.05) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -20.43% per share during the next fiscal year.
Nordic American Tankers Ltd (NYSE: NAT) Trading Performance Indicators
Take a look at Nordic American Tankers Ltd’s (NAT) current performance indicators. Last quarter, stock had a quick ratio of 0.53. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.11. Likewise, its price to free cash flow for the trailing twelve months is 19.82.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 2.7 million. That was better than the volume of 2.5 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 8.43%. 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 4.35%, which indicates a significant increase from 2.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.83% in the past 14 days, which was lower than the 24.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.63, while its 200-day Moving Average is $3.91. However, in the short run, Nordic American Tankers Ltd’s stock first resistance to watch stands at $3.40. Second resistance stands at $3.45. The third major resistance level sits at $3.48. If the price goes on to break the first support level at $3.32, it is likely to go to the next support level at $3.29. The third support level lies at $3.24 if the price breaches the second support level.
Nordic American Tankers Ltd (NYSE: NAT) Key Stats
The company with the Market Capitalisation of 699.48 million has total of 208,796K Shares Outstanding. Its annual sales at the moment are 391,690 K in contrast with the sum of 98,710 K annual income. Company’s last quarter sales were recorded 66,100 K and last quarter income was 21,610 K.
