Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
After finishing at $20.12 in the prior trading day, Torm Plc (NASDAQ: TRMD) closed at $19.56, down -2.78%. In other words, the price has decreased by -$2.78 from its previous closing price. On the day, 1.32 million shares were traded.
Ratios:
Our goal is to gain a better understanding of TRMD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.09. For the most recent quarter (mrq), Quick Ratio is recorded 2.24 and its Current Ratio is at 2.47. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.51.
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, H.C. Wainwright on April 12, 2022, initiated with a Buy rating and assigned the stock a target price of $14.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 30 ’24 when OCM Njord Holdings S.a r.l. bought 3,528,866 shares for $34.19 per share.
Valuation Measures:
As of this moment, Torm’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 0.91.
Stock Price History:
Over the past 52 weeks, TRMD has reached a high of $40.47, while it has fallen to a 52-week low of $17.77. The 50-Day Moving Average of the stock is -2.05%, while the 200-Day Moving Average is calculated to be -35.57%.
Shares Statistics:
A total of 95.20M shares are outstanding, with a floating share count of 53.38M. Insiders hold about 45.14% of the company’s shares, while institutions hold 65.18% stake in the company.
