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Looking For A Top Momentum Stock? Check Out International Seaways Inc. (NYSE: INSW)

International Seaways Inc. (NYSE:INSW) shares, rose in value on Friday, 05/13/22, with the stock price up by 3.00% to the previous day’s close as strong demand from buyers drove the stock to $21.94.

Actively observing the price movement in the last trading, the stock closed the session at $21.30, falling within a range of $21.56 and $22.45. The value of beta (5-year monthly) was 0.13. Referring to stock’s 52-week performance, its high was $22.98, and the low was $13.05. On the whole, INSW has fluctuated by 6.45% over the past month.

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With the market capitalization of International Seaways Inc. currently standing at about $1.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 08, 2022 – Aug 12, 2022. The company’s Forward Dividend Ratio is 0.24, with its dividend yield at 1.09%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.42, which is expected to increase to $0.97 for fiscal year $1.77 and then to about $3.89 by fiscal year 2023. Data indicates that the EPS growth is expected to be 150.90% in 2023, while the next year’s EPS growth is forecast to be 119.80%.

Analysts have estimated the company’s revenue for the quarter at $139.57 million, with a low estimate of $84.9 million and a high estimate of $195.39 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $565.24 million, representing an increase of 107.40% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that INSW’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of INSW currently trading nearly 2.66% and 13.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.36, while the 7-day volatility ratio is showing 6.22% which for the 30-day chart, stands at 5.26%. Furthermore, International Seaways Inc. (INSW)’s beta value is 0.00, and its average true range (ATR) is 1.11.

Data on historical trading for International Seaways Inc. (NYSE:INSW) indicates that the trading volumes over the past 3 months, they’ve averaged 840.27K. According to company’s latest data on outstanding shares, there are 49.57 million shares outstanding.

Nearly 0.50% of International Seaways Inc.’s shares belong to company insiders and institutional investors own 82.50% of the company’s shares. The stock has risen by 49.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the INSW stock heading into the next quarter.

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