International Seaways Inc (NYSE:INSW) shares, rose in value on Friday, December 13, with the stock price up by 0.34% to the previous day’s close as strong demand from buyers drove the stock to $34.97.
Actively observing the price movement in the last trading, the stock closed the session at $34.85, falling within a range of $34.32 and $35.085. The value of beta (5-year monthly) was -0.072 whereas the PE ratio was 3.38 over 12-month period. Referring to stock’s 52-week performance, its high was $60.46, and the low was $34.28. On the whole, INSW has fluctuated by -15.15% over the past month.
With the market capitalization of International Seaways Inc currently standing at about $1.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.45, with its dividend yield at 1.28%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 957.23M, with a low estimate of 159.8M and a high estimate of 228.72M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 202.65M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that INSW’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 100% Sell.
The stock’s technical analysis shows that the price of INSW currently trading nearly -7.82% and -17.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 25.91, while the 7-day volatility ratio is showing 2.65% which for the 30-day chart, stands at 2.81%. Furthermore, International Seaways Inc (INSW)’s beta value is -0.10, and its average true range (ATR) is 1.10.
A comparison of International Seaways Inc (INSW) with its peers suggests the former has fared considerably weaker in the market. INSW showed an intraday change of 0.34% in last session, and over the past year, it shrunk by -9.62%%.
Data on historical trading for International Seaways Inc (NYSE:INSW) indicates that the trading volumes over the past 10 days have averaged 0.71 and over the past 3 months, they’ve averaged 644.84K. According to company’s latest data on outstanding shares, there are 49.19 million shares outstanding.
Nearly 19.79% of International Seaways Inc’s shares belong to company insiders and institutional investors own 63.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.11 million shares as on 2024-11-29, resulting in a short ratio of 1.79. According to the data, the short interest in International Seaways Inc (INSW) stood at 276.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 1.2 million. The stock has fallen by -14.16% 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.
