Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Nordic American Tankers Ltd (NYSE: NAT) closed the day trading at $3.79 up 0.26% from the previous closing price of $3.78. In other words, the price has increased by $0.26 from its previous closing price. On the day, 1.5 million shares were traded. NAT stock price reached its highest trading level at $3.79 during the session, while it also had its lowest trading level at $3.7315.
Ratios:
For a better understanding of NAT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.03. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.50.
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:
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 791336832 and an Enterprise Value of 1061855552. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.08, and their Forward P/E ratio for the next fiscal year is 5.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.21 while its Price-to-Book (P/B) ratio in mrq is 1.47. Its current Enterprise Value per Revenue stands at 4.05 whereas that against EBITDA is 5.923.
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 $3.26. The 50-Day Moving Average of the stock is -5.31%, while the 200-Day Moving Average is calculated to be -8.36%.
Shares Statistics:
Over the past 3-months, NAT traded about 2.87M shares per day on average, while over the past 10 days, NAT traded about 2515110 shares per day. 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 44.79% stake in the company. Shares short for NAT as of 1711584000 were 8254102 with a Short Ratio of 2.88, compared to 1709164800 on 7373415. Therefore, it implies a Short% of Shares Outstanding of 8254102 and a Short% of Float of 4.0799997999999995.
Dividends & Splits
NAT’s forward annual dividend rate is 0.46, up from 0.46 a year ago. Against a Trailing Annual Dividend Yield of 0.12169313The stock’s 5-year Average Dividend Yield is 7.3.
