Nordic American Tankers Ltd (NYSE: NAT) kicked off on Monday, down -0.81% from the previous trading day, before settling in for the closing price of $2.47. Over the past 52 weeks, NAT has traded in a range of $2.41-$4.64.
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During the last 5-year period, the sales growth of Energy Sector giant was 13.10%. While this was happening, its average annual earnings per share was recorded -43.09%. With a float of $202.49 million, this company’s outstanding shares have now reached $208.80 million.
Let’s determine the extent of company efficiency that accounts for 17 employees. In terms of profitability, gross margin is 39.02%, operating margin of 30.6%, and the pretax margin is 20.65%.
Nordic American Tankers Ltd (NAT) Insider Activity
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 41.08%.
Nordic American Tankers Ltd (NAT) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -43.09% 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 0.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.53. Likewise, its price to free cash flow for the trailing twelve months is 11.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.30, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.43 in one year’s time.
Technical Analysis of Nordic American Tankers Ltd (NAT)
Looking closely at Nordic American Tankers Ltd (NYSE: NAT), its last 5-days average volume was 2.41 million, which is a drop from its year-to-date volume of 2.55 million. As of the previous 9 days, the stock’s Stochastic %D was 30.40%. 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 2.82%, which indicates a significant decrease from 12.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.37% in the past 14 days, which was lower than the 28.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.93, while its 200-day Moving Average is $3.61. However, in the short run, Nordic American Tankers Ltd’s stock first resistance to watch stands at $2.49. Second resistance stands at $2.53. The third major resistance level sits at $2.57. If the price goes on to break the first support level at $2.41, it is likely to go to the next support level at $2.37. Should the price break the second support level, the third support level stands at $2.33.
Nordic American Tankers Ltd (NYSE: NAT) Key Stats
The company with the Market Capitalisation of 511.55 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 52,040 K and last quarter income was 8,690 K.
