Torm Plc (NASDAQ:TRMD) shares, rose in value, with the stock price down by -1.49% to the previous day’s close as strong demand from buyers drove the stock to $31.64.
Actively observing the price movement in the last trading, the stock closed the session at $32.12, falling within a range of $31.48 and $31.9515. The value of beta (5-year monthly) was -0.143 whereas the PE ratio was 4.05 over 12-month period. Referring to stock’s 52-week performance, its high was $40.47, and the low was $26.10. On the whole, TRMD has fluctuated by -6.08% over the past month.
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With the market capitalization of Torm Plc currently standing at about $3.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07. The company’s Forward Dividend Ratio is 6.12, with its dividend yield at 19.34%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.28B, with a low estimate of 257.2M and a high estimate of 309M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 284.77M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TRMD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of TRMD currently trading nearly -6.86% and -10.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.13, while the 7-day volatility ratio is showing 1.74% which for the 30-day chart, stands at 1.84%. Furthermore, Torm Plc (TRMD)’s beta value is 0.17, and its average true range (ATR) is 0.90.
A comparison of Torm Plc (TRMD) with its peers suggests the former has fared considerably weaker in the market. TRMD showed an intraday change of -1.49% in last session, and over the past year, it grew by 12.72%%.
Data on historical trading for Torm Plc (NASDAQ:TRMD) indicates that the trading volumes over the past 10 days have averaged 1.22 and over the past 3 months, they’ve averaged 739.60K. According to company’s latest data on outstanding shares, there are 85.73 million shares outstanding.
Nearly 46.17% of Torm Plc’s shares belong to company insiders and institutional investors own 72.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.37 million shares as on 2024-09-30, resulting in a short ratio of 3.21. According to the data, the short interest in Torm Plc (TRMD) stood at 537.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 2.83 million. The stock has risen by 4.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TRMD stock heading into the next quarter.
