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As of close of business last night, Nordic American Tankers Ltd’s stock clocked out at $2.61, down -1.14% from its previous closing price of $2.64. In other words, the price has decreased by -$1.14 from its previous closing price. On the day, 3.55 million shares were traded. NAT stock price reached its highest trading level at $2.6399 during the session, while it also had its lowest trading level at $2.56.
Ratios:
To gain a deeper understanding of NAT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.72. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.73. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.36.
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 551221568 and an Enterprise Value of 805507456. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.67, and their Forward P/E ratio for the next fiscal year is 5.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 2.211 whereas that against EBITDA is 5.539.
Stock Price History:
Over the past 52 weeks, NAT has reached a high of $4.64, while it has fallen to a 52-week low of $2.60. The 50-Day Moving Average of the stock is -18.00%, while the 200-Day Moving Average is calculated to be -29.34%.
Shares Statistics:
It appears that NAT traded 2.52M shares on average per day over the past three months and 3427550 shares per day over the past ten 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 41.07% stake in the company. Shares short for NAT as of 1731628800 were 9737815 with a Short Ratio of 4.07, compared to 1728950400 on 6935354. Therefore, it implies a Short% of Shares Outstanding of 9737815 and a Short% of Float of 4.82.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 7.86.
