Stock Market Recap: Nordic American Tankers Ltd (NAT) Concludes at 3.30, a -1.49 Surge/Decline

In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

After finishing at $3.35 in the prior trading day, Nordic American Tankers Ltd (NYSE: NAT) closed at $3.30, down -1.49%. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 1.69 million shares were traded. NAT stock price reached its highest trading level at $3.355 during the session, while it also had its lowest trading level at $3.28.

Ratios:

Our goal is to gain a better understanding of NAT 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 14.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.53. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 0.79. 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 699467968 and an Enterprise Value of 934961280. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.18, and their Forward P/E ratio for the next fiscal year is 6.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.08 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 2.567 whereas that against EBITDA is 6.429.

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 $3.29. The 50-Day Moving Average of the stock is -8.67%, while the 200-Day Moving Average is calculated to be -15.34%.

Shares Statistics:

The stock has traded on average 2.14M shares per day over the past 3-months and 2403800 shares per day over the last 10 days, according to various share statistics. 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 43.34% stake in the company. Shares short for NAT as of 1728950400 were 6935354 with a Short Ratio of 3.23, compared to 1726185600 on 7210197. Therefore, it implies a Short% of Shares Outstanding of 6935354 and a Short% of Float of 3.44.

Dividends & Splits

In the trailing 12 months, NAT’s forward annual dividend rate was 0.42, compared to 0.42 this year. Against a Trailing Annual Dividend Yield of 0.12537314The stock’s 5-year Average Dividend Yield is 7.55.

Most Popular