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The closing price of Nordic American Tankers Ltd (NYSE: NAT) was $2.68 for the day, down -6.94% from the previous closing price of $2.88. In other words, the price has decreased by -$6.94 from its previous closing price. On the day, 6.16 million shares were traded. NAT stock price reached its highest trading level at $2.9 during the session, while it also had its lowest trading level at $2.63.
Ratios:
Our analysis of NAT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.16. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.73. 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 601333056 and an Enterprise Value of 805507456. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.90, and their Forward P/E ratio for the next fiscal year is 5.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56 while its Price-to-Book (P/B) ratio in mrq is 1.10. Its current Enterprise Value per Revenue stands at 2.211 whereas that against EBITDA is 5.539.
Stock Price History:
Over the past 52 weeks, NAT has reached a high of $4.64, while it has fallen to a 52-week low of $2.83. The 50-Day Moving Average of the stock is -20.23%, while the 200-Day Moving Average is calculated to be -28.72%.
Shares Statistics:
NAT traded an average of 2.41M shares per day over the past three months and 2592750 shares per day over the past ten days. 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 41.03% stake in the company. Shares short for NAT as of 1731628800 were 9737815 with a Short Ratio of 4.04, compared to 1728950400 on 6935354. Therefore, it implies a Short% of Shares Outstanding of 9737815 and a Short% of Float of 4.82.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 7.86.
Earnings Estimates
The current rating of Nordic American Tankers Ltd (NAT) is the result of assessments by 2.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $0.22, with high estimates of $0.22 and low estimates of $0.22.
Analysts are recommending an EPS of between $0.26 and $0.24 for the fiscal current year, implying an average EPS of $0.25. EPS for the following year is $0.57, with 4.0 analysts recommending between $0.91 and $0.39.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $54.56M to a low estimate of $48.57M. As of the current estimate, Nordic American Tankers Ltd’s year-ago sales were $59.25M
A total of 2 analysts have provided revenue estimates for NAT’s current fiscal year. The highest revenue estimate was $233.26M, while the lowest revenue estimate was $227.27M, resulting in an average revenue estimate of $230.27M. In the same quarter a year ago, actual revenue was $262.18MBased on 3 analysts’ estimates, the company’s revenue will be $296.82M in the next fiscal year. The high estimate is $358M and the low estimate is $262.52M.
