On Friday, Nordic American Tankers Ltd (NYSE: NAT) opened higher 8.12% from the last session, before settling in for the closing price of $2.34. Price fluctuations for NAT have ranged from $2.13 to $4.40 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 9.01% annually for the last half of the decade. Company’s average yearly earnings per share was noted 52.73% at the time writing. With a float of $205.36 million, this company’s outstanding shares have now reached $211.75 million.
In terms of profitability, gross margin is 41.17%, operating margin of 26.52%, and the pretax margin is 16.0%.
Nordic American Tankers Ltd (NAT) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Oil & Gas Midstream industry is another important factor to consider. The insider ownership of Nordic American Tankers Ltd is 3.02%, while institutional ownership is 38.92%.
Nordic American Tankers Ltd (NAT) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 52.73% per share during the next fiscal year.
Nordic American Tankers Ltd (NYSE: NAT) Trading Performance Indicators
Check out the current performance indicators for Nordic American Tankers Ltd (NAT). In the past quarter, the stock posted a quick ratio of 1.18. 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 4.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.22, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.41 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 3.36 million. That was better than the volume of 2.97 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 68.72%. Additionally, its Average True Range was 0.12.
During the past 100 days, Nordic American Tankers Ltd’s (NAT) raw stochastic average was set at 41.24%, which indicates a significant decrease from 79.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.98% in the past 14 days, which was higher than the 39.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.55, while its 200-day Moving Average is $3.12. However, in the short run, Nordic American Tankers Ltd’s stock first resistance to watch stands at $2.59. Second resistance stands at $2.65. The third major resistance level sits at $2.76. If the price goes on to break the first support level at $2.42, it is likely to go to the next support level at $2.31. The third support level lies at $2.25 if the price breaches the second support level.
Nordic American Tankers Ltd (NYSE: NAT) Key Stats
There are currently 208,800K shares outstanding in the company with a market cap of 535.73 million. Presently, the company’s annual sales total 225,100 K according to its annual income of 46,640 K. Last quarter, the company’s sales amounted to 46,390 K and its income totaled 1,300 K.
