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In the latest session, Nordic American Tankers Ltd (NYSE: NAT) closed at $2.56 down -3.40% from its previous closing price of $2.65. In other words, the price has decreased by -$3.40 from its previous closing price. On the day, 2.27 million shares were traded.
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 5.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.35. 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:
As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.94, and their Forward P/E ratio for the next fiscal year is 7.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 1.08.
Stock Price History:
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 0.53%, while the 200-Day Moving Average is calculated to be -12.65%.
Shares Statistics:
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 39.43% stake in the company.
