The price-to-earnings ratio for Nordic American Tankers Limited (NYSE: NAT) is 6.82x, which is above its average ratio. Moreover, the 36-month beta value for NAT is 0.16. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Nordic American Tankers Limited (NAT) is $5.02, which is $0.91 above the current market price. The public float for NAT is 202.49M and currently, short sellers hold a 2.99% of that float. On September 18, 2023, NAT’s average trading volume was 2.59M shares.
NAT) stock’s latest price update
Nordic American Tankers Limited (NYSE: NAT)’s stock price has gone rise by 3.57 in comparison to its previous close of 3.78, however, the company has experienced a 1.95% increase in its stock price over the last five trading days. InvestorPlace reported 2023-08-29 that Blue-chip dividend stocks are a must-have for the core portfolio. These stocks represent companies with stable cash flows and have a low beta.
NAT’s Market Performance
Nordic American Tankers Limited (NAT) has experienced a 1.95% rise in stock performance for the past week, with a -5.43% drop in the past month, and a 3.30% rise in the past quarter. The volatility ratio for the week is 3.07%, and the volatility levels for the past 30 days are at 3.48% for NAT. The simple moving average for the past 20 days is -1.12% for NAT’s stock, with a 6.54% simple moving average for the past 200 days.
Analysts’ Opinion of NAT
Many brokerage firms have already submitted their reports for NAT stocks, with Jefferies repeating the rating for NAT by listing it as a “Buy.” The predicted price for NAT in the upcoming period, according to Jefferies is $4 based on the research report published on September 06, 2022 of the previous year 2022.
NAT Trading at -2.56% from the 50-Day Moving Average
After a stumble in the market that brought NAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.81% of loss for the given period.
Volatility was left at 3.48%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares sank -6.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.56% upper at present.
During the last 5 trading sessions, NAT rose by +1.56%, which changed the moving average for the period of 200-days by +12.39% in comparison to the 20-day moving average, which settled at $3.95. In addition, Nordic American Tankers Limited saw 27.94% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NAT
Current profitability levels for the company are sitting at:
- +21.43 for the present operating margin
- +32.56 for the gross margin
The net margin for Nordic American Tankers Limited stands at +8.94. The total capital return value is set at 4.21, while invested capital returns managed to touch 1.84. Equity return is now at value 22.20, with 13.70 for asset returns.
Based on Nordic American Tankers Limited (NAT), the company’s capital structure generated 56.68 points at debt to equity in total, while total debt to capital is 36.17. Total debt to assets is 34.75, with long-term debt to equity ratio resting at 49.32. Finally, the long-term debt to capital ratio is 31.48.
When we switch over and look at the enterprise to sales, we see a ratio of 2.60, with the company’s debt to enterprise value settled at 0.36. The receivables turnover for the company is 11.31 and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.96.
To wrap up, the performance of Nordic American Tankers Limited (NAT) has been better 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.