Scorpio Tankers Inc. (NYSE:STNG) went up by 9.56% from its latest closing price compared to the recent 1-year high of $37.71. The company’s stock price has collected 8.39% of gains in the last five trading sessions.
Is It Worth Investing in Scorpio Tankers Inc. (NYSE :STNG) Right Now?
Plus, the 36-month beta value for STNG is at 0.42. Opinions of the stock are interesting as 9 analysts out of 10 who provided ratings for Scorpio Tankers Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $37.15, which is -$2.85 below the current price. STNG currently public float of 51.26M and currently shorts hold a 6.44% ratio of that float. Today, the average trading volume of STNG was 1.35M shares.
STNG’s Market Performance
STNG stocks went up by 8.39% for the week, with a monthly jump of 28.31% and a quarterly performance of 87.88%, while its annual performance rate touched 71.33%. The volatility ratio for the week stands at 7.56% while the volatility levels for the past 30 days are set at 6.29% for Scorpio Tankers Inc. The simple moving average for the period of the last 20 days is 9.09% for STNG stocks with a simple moving average of 95.59% for the last 200 days.
Analysts’ Opinion of STNG
Many brokerage firms have already submitted their reports for STNG stocks, with Jefferies repeating the rating for STNG by listing it as a “Buy.” The predicted price for STNG in the upcoming period, according to Jefferies is $27 based on the research report published on April 27th of the current year 2022.
BofA Securities, on the other hand, stated in their research note that they expect to see STNG reach a price target of $23, previously predicting the price at $15.50. The rating they have provided for STNG stocks is “Buy” according to the report published on March 03rd, 2022.
BofA Securities gave a rating of “Neutral” to STNG, setting the target price at $15.50 in the report published on February 10th of the current year.
STNG Trading at 31.31% from the 50-Day Moving Average
After a stumble in the market that brought STNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.94% of loss for the given period.
Volatility was left at 6.29%, however, over the last 30 days, the volatility rate increased by 7.56%, as shares surge +28.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +71.96% upper at present.
During the last 5 trading sessions, STNG rose by +8.39%, which changed the moving average for the period of 200-days by +116.02% in comparison to the 20-day moving average, which settled at $34.65. In addition, Scorpio Tankers Inc. saw 191.57% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for STNG
Current profitability levels for the company are sitting at:
- -16.74 for the present operating margin
- -6.98 for the gross margin
The net margin for Scorpio Tankers Inc. stands at -43.35. Equity return is now at value -13.80, with -5.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.