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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.