Nordic American Tankers Ltd (NAT)’s liquidity ratios and what they mean

The price of Nordic American Tankers Ltd (NYSE: NAT) closed at $4.38 in the last session, up 1.15% from day before closing price of $4.33. In other words, the price has increased by $+0.0500 from its previous closing price. On the day, 1906413 shares were traded. NAT stock price reached its highest trading level at $4.4500 during the session, while it also had its lowest trading level at $4.3500.

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We take a closer look at NAT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.97. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.29.

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 the company, Jefferies on September 06, 2022, Upgraded its rating to Buy and sets its target price to $4 from $3 previously.

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 914.53M and an Enterprise Value of 1.10B. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.67, and their Forward P/E ratio for the next fiscal year is 5.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 2.52 whereas that against EBITDA is 5.55.

Stock Price History:

Over the past 52 weeks, NAT has reached a high of $4.83, while it has fallen to a 52-week low of $2.83. The 50-Day Moving Average of the stock is 4.2126, while the 200-Day Moving Average is calculated to be 3.9193.

Shares Statistics:

According to the various share statistics, NAT traded on average about 2.97M shares per day over the past 3-months and 2.91M shares per day over the past 10 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 44.69% stake in the company. Shares short for NAT as of Oct 30, 2023 were 5.61M with a Short Ratio of 5.61M, compared to 5.87M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.69% and a Short% of Float of 2.77%.

Dividends & Splits

The forward annual dividend rate for NAT is 0.46, which was 0.48 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 11.09%, it implies a Forward Annual Dividend Yield of 11.87%. The stock’s 5-year Average Dividend Yield is 6.94. The current Payout Ratio is 157.14% for NAT, which recently paid a dividend on Oct 04, 2023 with an ex-dividend date of Sep 12, 2023. Stock splits for the company last occurred on Aug 09, 2017 when the company split stock in a 1008:1000 ratio.

Earnings Estimates

The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.08 and a low estimate of $0.03, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.16, with high estimates of $0.19 and low estimates of $0.13.

Analysts are recommending an EPS of between $0.63 and $0.5 for the fiscal current year, implying an average EPS of $0.57. EPS for the following year is $0.72, with 5 analysts recommending between $0.9 and $0.51.

Revenue Estimates

According to 3 analysts, the current quarter’s revenue is expected to be $59.14M. It ranges from a high estimate of $78.6M to a low estimate of $46M. As of the current estimate, Nordic American Tankers Ltd’s year-ago sales were $48.59M, an estimated increase of 21.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $85.44M, an increase of 20.20% less than the figure of $21.70% in the same quarter last year. There is a high estimate of $108.2M for the next quarter, whereas the lowest estimate is $69M.

A total of 5 analysts have provided revenue estimates for NAT’s current fiscal year. The highest revenue estimate was $407.3M, while the lowest revenue estimate was $270M, resulting in an average revenue estimate of $308.23M. In the same quarter a year ago, actual revenue was $168.82M, up 82.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $334.21M in the next fiscal year. The high estimate is $385.1M and the low estimate is $289M. The average revenue growth estimate for next year is up 8.40% from the average revenue estimate for this year.

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