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Nordic American Tankers Ltd (NYSE: NAT) closed the day trading at $2.44 down -1.61% from the previous closing price of $2.48. In other words, the price has decreased by -$1.61 from its previous closing price. On the day, 2.47 million shares were traded. NAT stock price reached its highest trading level at $2.465 during the session, while it also had its lowest trading level at $2.42.
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 11.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.49.
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 516672480 and an Enterprise Value of 755668672. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.93, and their Forward P/E ratio for the next fiscal year is 5.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 3.357 whereas that against EBITDA is 5.662.
Stock Price History:
The Beta on a monthly basis for NAT is -0.28, which has changed by -0.39152122 over the last 52 weeks, in comparison to a change of 0.101756096 over the same period for the S&P500. Over the past 52 weeks, NAT has reached a high of $4.40, while it has fallen to a 52-week low of $2.39. The 50-Day Moving Average of the stock is -6.09%, while the 200-Day Moving Average is calculated to be -23.13%.
Shares Statistics:
Over the past 3-months, NAT traded about 2.91M shares per day on average, while over the past 10 days, NAT traded about 2563350 shares per day. A total of 211.75M shares are outstanding, with a floating share count of 205.36M. Insiders hold about 3.02% of the company’s shares, while institutions hold 39.01% stake in the company. Shares short for NAT as of 1741910400 were 14434593 with a Short Ratio of 4.96, compared to 1739491200 on 12434378. Therefore, it implies a Short% of Shares Outstanding of 14434593 and a Short% of Float of 7.049999999999999.
Dividends & Splits
NAT’s forward annual dividend rate is 0.34, up from 0.34 a year ago. Against a Trailing Annual Dividend Yield of 0.13709678The stock’s 5-year Average Dividend Yield is 8.68. The current Payout Ratio is 179.45% for NAT, which recently paid a dividend on 2024-09-26 with an ex-dividend date of 1741564800. Stock splits for the company last occurred on 2017-08-10 when the company split stock in a 1008:1000 ratio.
