I recommend waiting for a better discount before investing in Nordic American Tankers Limited (NAT).

The price of Nordic American Tankers Limited (NYSE: NAT) closed at $3.80 in the last session, up 4.68% from day before closing price of $3.63. In other words, the price has increased by $+0.1700 from its previous closing price. On the day, 9829598 shares were traded. NAT stock price reached its highest trading level at $3.8000 during the session, while it also had its lowest trading level at $3.4500.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

Ratios:

We take a closer look at NAT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.63.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on September 06, 2022, Upgraded its rating to Buy and sets its target price to $4 from $3 previously.

On July 21, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $3.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.86 while its Price-to-Book (P/B) ratio in mrq is 1.54.

Stock Price History:

Over the past 52 weeks, NAT has reached a high of $3.75, while it has fallen to a 52-week low of $1.40. The 50-Day Moving Average of the stock is 3.1312, while the 200-Day Moving Average is calculated to be 2.4957.

Shares Statistics:

According to the various share statistics, NAT traded on average about 5.32M shares per day over the past 3-months and 4.89M shares per day over the past 10 days. A total of 208.80M shares are outstanding, with a floating share count of 203.06M. Insiders hold about 1.90% of the company’s shares, while institutions hold 38.00% stake in the company. Shares short for NAT as of Oct 13, 2022 were 10.76M with a Short Ratio of 11.37M, compared to 9.37M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.16% and a Short% of Float of 5.30%.

Dividends & Splits

The forward annual dividend rate for NAT is 0.12, which was 0.40 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 11.02%, it implies a Forward Annual Dividend Yield of 3.93%. The stock’s 5-year Average Dividend Yield is 8.23.

Earnings Estimates

The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.05 and a low estimate of $0.03, while EPS last year was -$0.24. The consensus estimate for the next quarter is $0.11, with high estimates of $0.15 and low estimates of $0.07.

Analysts are recommending an EPS of between $0.04 and -$0.05 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0.41, with 2 analysts recommending between $0.61 and $0.2.

Revenue Estimates

According to 2 analysts, the current quarter’s revenue is expected to be $47.12M. It ranges from a high estimate of $47.17M to a low estimate of $47.07M. As of the current estimate, Nordic American Tankers Limited’s year-ago sales were $8.35M, an estimated increase of 464.30% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $60.52M, an increase of 181.80% less than the figure of $464.30% in the same quarter last year. There is a high estimate of $65.55M for the next quarter, whereas the lowest estimate is $55.49M.

A total of 2 analysts have provided revenue estimates for NAT’s current fiscal year. The highest revenue estimate was $162.44M, while the lowest revenue estimate was $152.2M, resulting in an average revenue estimate of $157.32M. In the same quarter a year ago, actual revenue was $64.06M, up 145.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $234.84M in the next fiscal year. The high estimate is $261.2M and the low estimate is $208.48M. The average revenue growth estimate for next year is up 49.30% from the average revenue estimate for this year.