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After finishing at $3.66 in the prior trading day, Nordic American Tankers Ltd (NYSE: NAT) closed at $3.62, down -1.09%. In other words, the price has decreased by -$1.09 from its previous closing price. On the day, 1.19 million shares were traded. NAT stock price reached its highest trading level at $3.65 during the session, while it also had its lowest trading level at $3.615.
Ratios:
Our goal is to gain a better understanding of NAT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.42. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.36.
On September 06, 2022, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $3 to $4.
On July 21, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $3.Jefferies initiated its Hold rating on July 21, 2022, with a $3 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NAT now has a Market Capitalization of 764196480 and an Enterprise Value of 1001776128. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.26, and their Forward P/E ratio for the next fiscal year is 6.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.28 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 2.75 whereas that against EBITDA is 6.889.
Stock Price History:
Over the past 52 weeks, NAT has reached a high of $4.83, while it has fallen to a 52-week low of $3.31. The 50-Day Moving Average of the stock is -0.43%, while the 200-Day Moving Average is calculated to be -8.34%.
Shares Statistics:
The stock has traded on average 2.21M shares per day over the past 3-months and 2042800 shares per day over the last 10 days, according to various share statistics. A total of 208.80M shares are outstanding, with a floating share count of 202.49M. Insiders hold about 3.02% of the company’s shares, while institutions hold 43.54% stake in the company. Shares short for NAT as of 1727654400 were 7855614 with a Short Ratio of 3.56, compared to 1724976000 on 7273154. Therefore, it implies a Short% of Shares Outstanding of 7855614 and a Short% of Float of 3.8900003.
Dividends & Splits
In the trailing 12 months, NAT’s forward annual dividend rate was 0.42, compared to 0.42 this year. Against a Trailing Annual Dividend Yield of 0.114754096The stock’s 5-year Average Dividend Yield is 7.55.
