Nordic American Tankers Ltd (NYSE: NAT) kicked off on Tuesday, down -2.37% from the previous trading day, before settling in for the closing price of $2.95. Over the past 52 weeks, NAT has traded in a range of $2.91-$4.64.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 13.10%. While this was happening, its average annual earnings per share was recorded -29.36%. With a float of $202.49 million, this company’s outstanding shares have now reached $208.80 million.
The extent of productivity of a business whose workforce counts for 17 workers is very important to gauge. In terms of profitability, gross margin is 39.11%, operating margin of 30.43%, and the pretax margin is 20.52%.
Nordic American Tankers Ltd (NAT) Insider Updates
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 41.03%.
Nordic American Tankers Ltd (NAT) Performance Highlights and Predictions
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 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -29.36% 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 1.82. Likewise, its price to free cash flow for the trailing twelve months is 17.04.
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)
The latest stats from [Nordic American Tankers Ltd, NAT] show that its last 5-days average volume of 2.31 million was inferior to 2.5 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 16.89%. Additionally, its Average True Range was 0.09.
During the past 100 days, Nordic American Tankers Ltd’s (NAT) raw stochastic average was set at 0.00%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.27% in the past 14 days, which was higher than the 26.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.40, while its 200-day Moving Average is $3.77. Now, the first resistance to watch is $2.96. This is followed by the second major resistance level at $3.04. The third major resistance level sits at $3.08. If the price goes on to break the first support level at $2.84, it is likely to go to the next support level at $2.80. Assuming the price breaks the second support level, the third support level stands at $2.72.
Nordic American Tankers Ltd (NYSE: NAT) Key Stats
The company with the Market Capitalisation of 601.33 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.
