The price-to-earnings ratio for Scorpio Tankers Inc. (NYSE: STNG) is 5.92x, which is above its average ratio. Moreover, the 36-month beta value for STNG is 0.38. Analysts have varying opinions on the stock, with 12 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Scorpio Tankers Inc. (STNG) is $74.32, which is $16.3 above the current market price. The public float for STNG is 48.45M and currently, short sellers hold a 6.58% of that float. On March 15, 2023, STNG’s average trading volume was 1.52M shares.
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STNG) stock’s latest price update
Scorpio Tankers Inc. (NYSE: STNG)’s stock price has decreased by -7.90 compared to its previous closing price of 59.25. Nevertheless, the company has seen a loss of -12.10% in its stock price over the last five trading days.
STNG’s Market Performance
STNG’s stock has fallen by -12.10% in the past week, with a monthly drop of -7.79% and a quarterly drop of -0.24%. The volatility ratio for the week is 4.56% while the volatility levels for the last 30 days are 4.02% for Scorpio Tankers Inc. The simple moving average for the last 20 days is -9.54% for STNG stock, with a simple moving average of 18.46% for the last 200 days.
Analysts’ Opinion of STNG
Many brokerage firms have already submitted their reports for STNG stocks, with JP Morgan repeating the rating for STNG by listing it as a “Overweight.” The predicted price for STNG in the upcoming period, according to JP Morgan is $87 based on the research report published on March 08th of the current year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see STNG reach a price target of $38, previously predicting the price at $34. The rating they have provided for STNG stocks is “Hold” according to the report published on October 11th, 2022.
Jefferies gave a rating of “Buy” to STNG, setting the target price at $47 in the report published on July 21st of the previous year.
STNG Trading at 0.15% 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 -15.00% of loss for the given period.
Volatility was left at 4.02%, however, over the last 30 days, the volatility rate increased by 4.56%, as shares sank -8.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.85% upper at present.
During the last 5 trading sessions, STNG fell by -10.92%, which changed the moving average for the period of 200-days by +72.87% in comparison to the 20-day moving average, which settled at $60.07. In addition, Scorpio Tankers Inc. saw 1.49% 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:
- +54.48 for the present operating margin
- +60.12 for the gross margin
The net margin for Scorpio Tankers Inc. stands at +40.77. Equity return is now at value 30.60, with 13.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.
To wrap up, the performance of Scorpio Tankers Inc. (STNG) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.