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In the latest session, Nordic American Tankers Ltd (NYSE: NAT) closed at $2.95 down -0.67% from its previous closing price of $2.97. In other words, the price has decreased by -$0.67 from its previous closing price. On the day, 2.99 million shares were traded. NAT stock price reached its highest trading level at $2.99 during the session, while it also had its lowest trading level at $2.91.
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 12.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.34. 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 615948224 and an Enterprise Value of 861882496. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.99, and their Forward P/E ratio for the next fiscal year is 5.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 2.366 whereas that against EBITDA is 5.927.
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 $2.95. The 50-Day Moving Average of the stock is -13.59%, while the 200-Day Moving Average is calculated to be -21.97%.
Shares Statistics:
For the past three months, NAT has traded an average of 2.30M shares per day and 2186980 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 41.03% stake in the company. Shares short for NAT as of 1730332800 were 9241423 with a Short Ratio of 4.01, compared to 1727654400 on 7855614. Therefore, it implies a Short% of Shares Outstanding of 9241423 and a Short% of Float of 4.58.
Dividends & Splits
According to the company, the forward annual dividend rate for NAT is 0.42, from 0.42 in the trailing year. Against a Trailing Annual Dividend Yield of 0.14141414The stock’s 5-year Average Dividend Yield is 7.69.
