On Tuesday, Nordic American Tankers Ltd (NYSE: NAT) opened higher 3.35% from the last session, before settling in for the closing price of $3.58. Price fluctuations for NAT have ranged from $2.13 to $3.62 over the past 52 weeks.
Company’s average yearly earnings per share was noted -41.83% at the time writing. With a float of $211.73 million, this company’s outstanding shares have now reached $211.75 million.
Let’s look at the performance matrix of the company that is accounted for 15 employees.
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 0.01%, while institutional ownership is 39.68%.
Nordic American Tankers Ltd (NAT) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.04 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.06) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -41.83% 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 1.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.06, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.28 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 2.51 million, a negative change from its year-to-date volume of 2.57 million. As of the previous 9 days, the stock’s Stochastic %D was 92.75%.
During the past 100 days, Nordic American Tankers Ltd’s (NAT) raw stochastic average was set at 99.10%, which indicates a significant increase from 98.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.11 in the past 14 days, which was higher than the 0.09 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.25, while its 200-day Moving Average is $2.80. Nevertheless, the first resistance level for the watch stands at $3.75 in the near term. At $3.79, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.88. If the price goes on to break the first support level at $3.62, it is likely to go to the next support level at $3.53. The third support level lies at $3.49 if the price breaches the second support level.
Nordic American Tankers Ltd (NYSE: NAT) Key Stats
There are currently 211,751K shares outstanding in the company with a market cap of 783.48 million. Presently, the company’s annual sales total 349,740 K according to its annual income of 46,640 K. Last quarter, the company’s sales amounted to 40,150 K and its income totaled -850 K.
