International Seaways Inc (NYSE:INSW) price on Friday, January 17, fall -2.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $38.45.
A look at the stock’s price movement, the close in the last trading session was $39.37, moving within a range at $38.127 and $39.2789. The beta value (5-Year monthly) was -0.072 while the PE ratio in trailing twelve months stood at 3.71. Turning to its 52-week performance, $60.46 and $32.11 were the 52-week high and 52-week low respectively. Overall, INSW moved 13.25% over the past month.
International Seaways Inc’s market cap currently stands at around $1.89 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.48, with its dividend yield at 1.25%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 202.17M for the company’s revenue for the quarter, with a low and high estimate of 162.75M and 228.72M respectively. The average forecast suggests down to a -18.45% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 956.75M, representing a -9.36% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INSW is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend INSW as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
INSW’s current price about 4.13% and 1.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.10, while 7-day volatility ratio is 3.29% and 3.55% in the 30-day chart. Further, International Seaways Inc (INSW) has a beta value of -0.11, and an average true range (ATR) of 1.54. Analysts have given the company’s stock an average 52-week price target of $56, forecast between a low of $56 and high of $56. Looking at the price targets, the low is -45.64% off current price level while to achieve the yearly target high, price needs to move -45.64%. Nonetheless, investors will most likely welcome a -45.64% jump to $56 which is the analysts’ median price.
If we refocus on International Seaways Inc (NYSE:INSW), historical trading data shows that trading volumes averaged 1.04 over the past 10 days and 900.19K over the past 3 months. The company’s latest data on shares outstanding shows there are 49.19 million shares.
The 19.79% of International Seaways Inc’s shares are in the hands of company insiders while institutional holders own 63.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.19 million on 2024-12-31, giving us a short ratio of 2.72. The data shows that as of 2024-12-31 short interest in International Seaways Inc (INSW) stood at 794.0 of shares outstanding, with shares short rising to 1.11 million registered in 2024-11-29. Current price change has pushed the stock 6.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INSW stock continues to rise going into the next quarter.
