Nordic American Tankers Ltd (NYSE: NAT) has a higher price-to-earnings ratio of 7.67x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.19. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Nordic American Tankers Ltd (NAT) is $5.50, which is $1.12 above the current market price. The public float for NAT is 202.49M, and currently, short sellers hold a 2.77% ratio of that float. The average trading volume of NAT on November 21, 2023 was 2.96M shares.
NAT) stock’s latest price update
The stock of Nordic American Tankers Ltd (NYSE: NAT) has decreased by 0.00 when compared to last closing price of 4.38. Despite this, the company has experienced a -4.99% fall in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-06 that Looking at the S&P 500 price-to-earnings and price/earning-to-growth ratio, it can be said that the broad markets are not expensive. This does not come as a surprise with tight monetary policies impacting stock valuation.
NAT’s Market Performance
Nordic American Tankers Ltd (NAT) has experienced a -4.99% fall in stock performance for the past week, with a 6.31% rise in the past month, and a 4.53% rise in the past quarter. The volatility ratio for the week is 3.50%, and the volatility levels for the past 30 days are at 3.47% for NAT. The simple moving average for the past 20 days is -3.59% for NAT’s stock, with a 11.76% 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 3.97% 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 -9.32% of loss for the given period.
Volatility was left at 3.47%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares surge +5.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.06% upper at present.
During the last 5 trading sessions, NAT fell by -4.99%, which changed the moving average for the period of 200-days by +41.75% in comparison to the 20-day moving average, which settled at $4.55. In addition, Nordic American Tankers Ltd saw 43.14% 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 Ltd 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 22.86, with 13.44 for asset returns.
Based on Nordic American Tankers Ltd (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 2.92, 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 put it simply, Nordic American Tankers Ltd (NAT) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.