The stock price of Nordic American Tankers Ltd (NYSE: NAT) has jumped by 2.55 compared to previous close of 3.92. Despite this, the company has seen a gain of 2.29% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-28 that The crude tanker market remains strong due to limited supply and growing tonne-mile demand for crude oil transportation. FY23 NAT realized $262 million net voyage revenue, $127 million net operating income, and $98.7 million net income. The impressive results are due to improved TCE rates and stable OPEX. NAT has a 56% total debt-to-equity ratio and 38.8% total liabilities to total assets. The company has $31.1 million cash and $301 million total debt.
Is It Worth Investing in Nordic American Tankers Ltd (NYSE: NAT) Right Now?
The price-to-earnings ratio for Nordic American Tankers Ltd (NYSE: NAT) is 8.57x, which is above its average ratio. Moreover, the 36-month beta value for NAT is -0.10. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 2 as “sell.”
The public float for NAT is 202.49M and currently, short sellers hold a 4.18% of that float. On April 02, 2024, NAT’s average trading volume was 3.08M shares.
NAT’s Market Performance
NAT stock saw a decrease of 2.29% in the past week, with a monthly decline of -1.23% and a quarterly a decrease of -4.96%. The volatility ratio for the week is 2.01%, and the volatility levels for the last 30 days are 2.43% for Nordic American Tankers Ltd (NAT). The simple moving average for the past 20 days is 0.65% for NAT’s stock, with a -2.35% 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.
Jefferies, on the other hand, stated in their research note that they expect to see NAT reach a price target of $3. The rating they have provided for NAT stocks is “Hold” according to the report published on July 21st, 2022.
Jefferies gave a rating of “Hold” to NAT, setting the target price at $2.50 in the report published on April 27th of the previous year.
NAT Trading at -3.01% 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 -16.77% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares sank -3.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.66% lower at present.
During the last 5 trading sessions, NAT rose by +2.29%, which changed the moving average for the period of 200-days by +9.54% in comparison to the 20-day moving average, which settled at $3.99. In addition, Nordic American Tankers Ltd saw -4.29% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NAT
Current profitability levels for the company are sitting at:
- 0.49 for the present operating margin
- 0.58 for the gross margin
The net margin for Nordic American Tankers Ltd stands at 0.38. The total capital return value is set at 0.16. Equity return is now at value 18.31, with 11.22 for asset returns.
Based on Nordic American Tankers Ltd (NAT), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 4.19.
Currently, EBITDA for the company is 179.29 million with net debt to EBITDA at 1.88. When we switch over and look at the enterprise to sales, we see a ratio of 4.22. The receivables turnover for the company is 9.97for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
To wrap up, the performance of Nordic American Tankers Ltd (NAT) has been mixed in recent times. The stock has received a mixed 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.
