Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Torm Plc (NASDAQ: TRMD) closed the day trading at $18.29 down -1.61% from the previous closing price of $18.59. In other words, the price has decreased by -$1.61 from its previous closing price. On the day, 1.33 million shares were traded. TRMD stock price reached its highest trading level at $18.41 during the session, while it also had its lowest trading level at $18.01.
Ratios:
For a better understanding of TRMD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.70. For the most recent quarter (mrq), Quick Ratio is recorded 2.24 and its Current Ratio is at 2.47. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.51.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on April 12, 2022, initiated with a Buy rating and assigned the stock a target price of $14.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 30 ’24 when OCM Njord Holdings S.a r.l. bought 3,528,866 shares for $34.19 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRMD now has a Market Capitalization of 1820522624 and an Enterprise Value of 2540608000. As of this moment, Torm’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.36, and their Forward P/E ratio for the next fiscal year is 3.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 1.548 whereas that against EBITDA is 2.949.
Stock Price History:
Over the past 52 weeks, TRMD has reached a high of $40.47, while it has fallen to a 52-week low of $18.47. The 50-Day Moving Average of the stock is -25.43%, while the 200-Day Moving Average is calculated to be -44.64%.
Shares Statistics:
Over the past 3-months, TRMD traded about 1.20M shares per day on average, while over the past 10 days, TRMD traded about 1207310 shares per day. A total of 95.20M shares are outstanding, with a floating share count of 52.94M. Insiders hold about 45.59% of the company’s shares, while institutions hold 64.66% stake in the company. Shares short for TRMD as of 1732838400 were 3709529 with a Short Ratio of 1.62, compared to 1730332800 on 2729711. Therefore, it implies a Short% of Shares Outstanding of 3709529 and a Short% of Float of 8.01.
Dividends & Splits
TRMD’s forward annual dividend rate is 5.86, up from 5.86 a year ago. Against a Trailing Annual Dividend Yield of 0.31522325
