International Seaways Inc (NYSE:INSW) shares, rose in value on Friday, January 03, with the stock price down by -2.34% to the previous day’s close as strong demand from buyers drove the stock to $35.40.
Actively observing the price movement in the last trading, the stock closed the session at $36.25, falling within a range of $35.18 and $36.26. The value of beta (5-year monthly) was -0.072 whereas the PE ratio was 3.42 over 12-month period. Referring to stock’s 52-week performance, its high was $60.46, and the low was $32.11. On the whole, INSW has fluctuated by -8.09% over the past month.
With the market capitalization of International Seaways Inc currently standing at about $1.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 1.36%.
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 50% 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 1.03% and -8.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.79, while the 7-day volatility ratio is showing 3.39% which for the 30-day chart, stands at 3.18%. Furthermore, International Seaways Inc (INSW)’s beta value is -0.11, and its average true range (ATR) is 1.26.
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 -2.34% in last session, and over the past year, it shrunk by -18.04%%.
Data on historical trading for International Seaways Inc (NYSE:INSW) indicates that the trading volumes over the past 10 days have averaged 1.64 and over the past 3 months, they’ve averaged 819.78K. 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 63.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.33 million shares as on 2024-12-13, resulting in a short ratio of 2.06. According to the data, the short interest in International Seaways Inc (INSW) stood at 332.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 1.02 million. The stock has fallen by -1.50% 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.
