In the past week, EURN stock has gone up by 11.64%, with a monthly gain of 11.98% and a quarterly surge of 4.49%. The volatility ratio for the week is 2.23%, and the volatility levels for the last 30 days are 1.82% for Euronav NV. The simple moving average for the past 20 days is 12.05% for EURN’s stock, with a 7.75% simple moving average for the past 200 days.
Is It Worth Investing in Euronav NV (NYSE: EURN) Right Now?
Euronav NV (NYSE: EURN) has a higher price-to-earnings ratio of 4.36x compared to its average ratio, The 36-month beta value for EURN is at -0.02. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for EURN is 15.67M, and currently, shorts hold a 15.01% of that float. The average trading volume for EURN on May 09, 2024 was 1.17M shares.
EURN) stock’s latest price update
The stock price of Euronav NV (NYSE: EURN) has jumped by 7.14 compared to previous close of 17.36. Despite this, the company has seen a gain of 11.64% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-21 that Large Cap Value is a value ranking for large cap stocks that looks at the price of a stock relative to measurements of intrinsic firm value. The Ben Graham Formula strategy selects ultra-stable stocks based on criteria such as sales, earnings, and dividend payments. 54 out of 65 All-Star-Value Dividend stocks offer annual dividends that exceed their price per share.
Analysts’ Opinion of EURN
Jefferies, on the other hand, stated in their research note that they expect to see EURN reach a price target of $18, previously predicting the price at $21. The rating they have provided for EURN stocks is “Hold” according to the report published on January 31st, 2024.
JP Morgan gave a rating of “Neutral” to EURN, setting the target price at $18.43 in the report published on October 31st of the previous year.
EURN Trading at 10.77% from the 50-Day Moving Average
After a stumble in the market that brought EURN to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.51% of gains for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares surge +13.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.08% upper at present.
During the last 5 trading sessions, EURN rose by +11.64%, which changed the moving average for the period of 200-days by +22.37% in comparison to the 20-day moving average, which settled at $16.71. In addition, Euronav NV saw 5.74% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for EURN
Current profitability levels for the company are sitting at:
- 0.52 for the present operating margin
- 0.52 for the gross margin
The net margin for Euronav NV stands at 0.69. The total capital return value is set at 0.22. Equity return is now at value 38.06, with 23.34 for asset returns.
Based on Euronav NV (EURN), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 4.88.
Currently, EBITDA for the company is 811.61 million with net debt to EBITDA at 0.58. When we switch over and look at the enterprise to sales, we see a ratio of 3.43. The receivables turnover for the company is 4.32for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.
Conclusion
In conclusion, Euronav NV (EURN) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
