A new trading day began on Monday, with Nordic American Tankers Ltd (NYSE: NAT) stock price down -3.09% from the previous day of trading, before settling in for the closing price of $3.24. NAT’s price has ranged from $3.23 to $4.78 over the past 52 weeks.
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Annual sales at Energy sector company grew by 13.10% over the past five years. Meanwhile, its annual earnings per share averaged -25.53%. 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
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 Nordic American Tankers Ltd is 3.02%, while institutional ownership is 43.93%.
Nordic American Tankers Ltd (NAT) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.04 per share, which was $0.1 lower 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 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.53% per share during the next fiscal year.
Nordic American Tankers Ltd (NYSE: NAT) Trading Performance Indicators
Here are Nordic American Tankers Ltd’s current performance indicators. According to the last quarter’s results, the 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 1.96. Likewise, its price to free cash flow for the trailing twelve months is 18.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.30, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.52 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 2.14 million, a negative change from its year-to-date volume of 2.49 million. As of the previous 9 days, the stock’s Stochastic %D was 5.09%. 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 1.80%, which indicates a significant decrease from 4.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.98% in the past 14 days, which was lower than the 24.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.58, while its 200-day Moving Average is $3.87. Nevertheless, the first resistance level for the watch stands at $3.22 in the near term. At $3.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.35. If the price goes on to break the first support level at $3.09, it is likely to go to the next support level at $3.04. The third support level lies at $2.96 if the price breaches the second support level.
Nordic American Tankers Ltd (NYSE: NAT) Key Stats
With a market capitalization of 649.61 million, the company has a total of 208,796K Shares Outstanding. Currently, annual sales are 391,690 K while annual income is 98,710 K. The company’s previous quarter sales were 66,100 K while its latest quarter income was 21,610 K.
