Nordic American Tankers Ltd (NYSE:NAT) shares, rose in value on Wednesday, January 22, with the stock price down by -0.38% to the previous day’s close as strong demand from buyers drove the stock to $2.65.
Actively observing the price movement in the last trading, the stock closed the session at $2.66, falling within a range of $2.61 and $2.7. The value of beta (5-year monthly) was -0.225 whereas the PE ratio was 8.80 over 12-month period. Referring to stock’s 52-week performance, its high was $4.55, and the low was $2.41. On the whole, NAT has fluctuated by 5.58% over the past month.
With the market capitalization of Nordic American Tankers Ltd currently standing at about $553.31 million, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 15.09%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 230.09M, with a low estimate of 48.57M and a high estimate of 56.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 51.38M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NAT’s technical picture suggests that short-term indicators denote the stock is a 75% 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 NAT currently trading nearly -0.15% and -4.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.23, while the 7-day volatility ratio is showing 4.04% which for the 30-day chart, stands at 3.75%. Furthermore, Nordic American Tankers Ltd (NAT)’s beta value is -0.31, and its average true range (ATR) is 0.11.
A comparison of Nordic American Tankers Ltd (NAT) with its peers suggests the former has fared considerably weaker in the market. NAT showed an intraday change of -0.38% in last session, and over the past year, it shrunk by -40.32%%.
Data on historical trading for Nordic American Tankers Ltd (NYSE:NAT) indicates that the trading volumes over the past 10 days have averaged 3.78 and over the past 3 months, they’ve averaged 2.90 million. According to company’s latest data on outstanding shares, there are 208.80 million shares outstanding.
Nearly 3.02% of Nordic American Tankers Ltd’s shares belong to company insiders and institutional investors own 41.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.74 million shares as on 2024-11-15, resulting in a short ratio of 3.78. According to the data, the short interest in Nordic American Tankers Ltd (NAT) stood at 482.00 of shares outstanding as of 2024-11-15; the number of short shares registered in 2024-10-15 reached 6.94 million. The stock has risen by 6.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NAT stock heading into the next quarter.
