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In the latest session, Nordic American Tankers Ltd (NYSE: NAT) closed at $2.64 down -4.69% from its previous closing price of $2.77. In other words, the price has decreased by -$4.69% from its previous closing price. On the day, 3.36 million shares were traded. NAT stock price reached its highest trading level at $2.715 during the session, while it also had its lowest trading level at $2.62.
Ratios:
For a deeper understanding of Nordic American Tankers Ltd’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 5.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.58. 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 559022656 and an Enterprise Value of 796233728. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.41, and their Forward P/E ratio for the next fiscal year is 7.98. 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 1.75 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 2.434 whereas that against EBITDA is 7.183.
Stock Price History:
The Beta on a monthly basis for NAT is -0.20, which has changed by -0.36842108 over the last 52 weeks, in comparison to a change of 0.11213791 over the same period for the S&P500. Over the past 52 weeks, NAT has reached a high of $4.23, while it has fallen to a 52-week low of $2.13. The 50-Day Moving Average of the stock is -0.14%, while the 200-Day Moving Average is calculated to be -7.57%.
Shares Statistics:
For the past three months, NAT has traded an average of 2.61M shares per day and 3181210 over the past ten days. 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 1748563200 were 13710854 with a Short Ratio of 5.26, compared to 1745971200 on 12767289. Therefore, it implies a Short% of Shares Outstanding of 13710854 and a Short% of Float of 6.77.
Dividends & Splits
According to the company, the forward annual dividend rate for NAT is 0.29, from 0.29 in the trailing year. Against a Trailing Annual Dividend Yield of 0.10469314The stock’s 5-year Average Dividend Yield is 8.99. 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.
