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Nordic American Tankers Ltd (NYSE: NAT) closed the day trading at $2.63 down -2.59% from the previous closing price of $2.7. In other words, the price has decreased by -$2.59 from its previous closing price. On the day, 2.99 million shares were traded. NAT stock price reached its highest trading level at $2.69 during the session, while it also had its lowest trading level at $2.61.
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 5.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.55. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.54. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.53.
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 556905152 and an Enterprise Value of 794116224. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.35, and their Forward P/E ratio for the next fiscal year is 7.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 2.428 whereas that against EBITDA is 7.163.
Stock Price History:
The Beta on a monthly basis for NAT is -0.19, which has changed by -0.33919597 over the last 52 weeks, in comparison to a change of 0.12632763 over the same period for the S&P500. Over the past 52 weeks, NAT has reached a high of $4.07, while it has fallen to a 52-week low of $2.13. The 50-Day Moving Average of the stock is -1.18%, while the 200-Day Moving Average is calculated to be -7.34%.
Shares Statistics:
Over the past 3-months, NAT traded about 2.68M shares per day on average, while over the past 10 days, NAT traded about 3264470 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 39.47% stake in the company. Shares short for NAT as of 1749772800 were 14595324 with a Short Ratio of 5.45, compared to 1747267200 on 13387034. Therefore, it implies a Short% of Shares Outstanding of 14595324 and a Short% of Float of 7.21.
Dividends & Splits
NAT’s forward annual dividend rate is 0.29, up from 0.29 a year ago. Against a Trailing Annual Dividend Yield of 0.107407406The stock’s 5-year Average Dividend Yield is 9.08. The current Payout Ratio is 180.02% for NAT, which recently paid a dividend on 2025-03-10 with an ex-dividend date of 1749686400. Stock splits for the company last occurred on 2017-08-10 when the company split stock in a 1008:1000 ratio.
Earnings Estimates
Nordic American Tankers Ltd (NAT) is presently subject to a detailed evaluation by 3.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $0.03, with high estimates of $0.06 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.27 and $0.08 for the fiscal current year, implying an average EPS of $0.15. EPS for the following year is $0.26, with 3.0 analysts recommending between $0.27 and $0.23.
Revenue Estimates
3 analysts predict $58.36M in revenue for the current quarter. It ranges from a high estimate of $69.8M to a low estimate of $47.04M. As of the current estimate, Nordic American Tankers Ltd’s year-ago sales were $66.1MFor the next quarter, 3 analysts are estimating revenue of $54.44M. There is a high estimate of $59.5M for the next quarter, whereas the lowest estimate is $51.04M.
A total of 3 analysts have provided revenue estimates for NAT’s current fiscal year. The highest revenue estimate was $239.7M, while the lowest revenue estimate was $199.75M, resulting in an average revenue estimate of $217.25M. In the same quarter a year ago, actual revenue was $225.1MBased on 3 analysts’ estimates, the company’s revenue will be $240.99M in the next fiscal year. The high estimate is $241.09M and the low estimate is $240.9M.
