Market Update: International Seaways Inc (INSW) Sees Negative Movement, Closing at 55.23

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In the latest session, International Seaways Inc (NYSE: INSW) closed at $55.23 down -2.30% from its previous closing price of $56.53. In other words, the price has decreased by -$2.30 from its previous closing price. On the day, 0.63 million shares were traded. INSW stock price reached its highest trading level at $56.78 during the session, while it also had its lowest trading level at $54.5446.

Ratios:

For a deeper understanding of International Seaways Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.99. For the most recent quarter (mrq), Quick Ratio is recorded 2.72 and its Current Ratio is at 2.73. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.32.

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 this company, Deutsche Bank on October 11, 2022, initiated with a Buy rating and assigned the stock a target price of $40.

On July 27, 2022, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $30.

On July 21, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $30.Jefferies initiated its Buy rating on July 21, 2022, with a $30 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 01 ’24 when Pribor Jeffrey sold 1,000 shares for $58.83 per share. The transaction valued at 58,830 led to the insider holds 39,849 shares of the business.

Small James D III sold 7,500 shares of INSW for $413,978 on Jun 14 ’24. The CAO,SVP,Sec. & General Counsel now owns 55,138 shares after completing the transaction at $55.20 per share. On Jun 13 ’24, another insider, WHEAT DOUGLAS D, who serves as the Director of the company, sold 4,532 shares for $58.15 each. As a result, the insider received 263,551 and left with 20,634 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INSW now has a Market Capitalization of 2738325504 and an Enterprise Value of 3218501888. As of this moment, International’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.16, and their Forward P/E ratio for the next fiscal year is 6.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.59 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 3.039 whereas that against EBITDA is 4.848.

Stock Price History:

Over the past 52 weeks, INSW has reached a high of $64.17, while it has fallen to a 52-week low of $31.89. The 50-Day Moving Average of the stock is -7.17%, while the 200-Day Moving Average is calculated to be 10.01%.

Shares Statistics:

For the past three months, INSW has traded an average of 602.68K shares per day and 669350 over the past ten days. A total of 48.93M shares are outstanding, with a floating share count of 39.30M. Insiders hold about 20.73% of the company’s shares, while institutions hold 65.03% stake in the company. Shares short for INSW as of 1719532800 were 732808 with a Short Ratio of 1.22, compared to 1717113600 on 773886. Therefore, it implies a Short% of Shares Outstanding of 732808 and a Short% of Float of 1.8099998999999998.

Dividends & Splits

According to the company, the forward annual dividend rate for INSW is 0.48, from 0.48 in the trailing year. Against a Trailing Annual Dividend Yield of 0.008491066

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