International Seaways Inc (NYSE: INSW) has a price-to-earnings ratio of 5.73x that is above its average ratio. Additionally, the 36-month beta value for INSW is -0.06. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for INSW is 33.88M and currently, short sellers hold a 3.25% ratio of that float. The average trading volume of INSW on May 09, 2024 was 533.42K shares.
INSW) stock’s latest price update
International Seaways Inc (NYSE: INSW)’s stock price has increased by 8.19 compared to its previous closing price of 56.65. However, the company has seen a 12.17% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that International Seaways (INSW) concluded the recent trading session at $54.64, signifying a -1.18% move from its prior day’s close.
INSW’s Market Performance
International Seaways Inc (INSW) has experienced a 12.17% rise in stock performance for the past week, with a 19.40% rise in the past month, and a 20.95% rise in the past quarter. The volatility ratio for the week is 2.72%, and the volatility levels for the past 30 days are at 2.49% for INSW. The simple moving average for the past 20 days is 13.39% for INSW’s stock, with a 31.71% simple moving average for the past 200 days.
Analysts’ Opinion of INSW
Many brokerage firms have already submitted their reports for INSW stocks, with Deutsche Bank repeating the rating for INSW by listing it as a “Buy.” The predicted price for INSW in the upcoming period, according to Deutsche Bank is $40 based on the research report published on October 11, 2022 of the previous year 2022.
BTIG Research, on the other hand, stated in their research note that they expect to see INSW reach a price target of $30. The rating they have provided for INSW stocks is “Buy” according to the report published on July 27th, 2022.
Jefferies gave a rating of “Buy” to INSW, setting the target price at $30 in the report published on July 21st of the previous year.
INSW Trading at 15.55% from the 50-Day Moving Average
After a stumble in the market that brought INSW to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 7.24% of gains for the given period.
Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares surge +16.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.46% upper at present.
During the last 5 trading sessions, INSW rose by +12.17%, which changed the moving average for the period of 200-days by +61.33% in comparison to the 20-day moving average, which settled at $54.49. In addition, International Seaways Inc saw 37.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INSW starting from Zabrocky Lois K, who sale 1,000 shares at the price of $54.88 back on May 01 ’24. After this action, Zabrocky Lois K now owns 159,475 shares of International Seaways Inc, valued at $54,884 using the latest closing price.
Pribor Jeffrey, the SVP,Chief Financial Officer &T of International Seaways Inc, sale 1,000 shares at $54.87 during a trade that took place back on May 01 ’24, which means that Pribor Jeffrey is holding 76,849 shares at $54,872 based on the most recent closing price.
Stock Fundamentals for INSW
Current profitability levels for the company are sitting at:
- 0.88 for the present operating margin
- 0.4 for the gross margin
The net margin for International Seaways Inc stands at 0.83. The total capital return value is set at 0.24. Equity return is now at value 31.52, with 20.62 for asset returns.
Based on International Seaways Inc (INSW), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.88. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 1.85.
Currently, EBITDA for the company is 709.1 million with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 5.61. The receivables turnover for the company is 2.5for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.73.
Conclusion
In conclusion, International Seaways Inc (INSW) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
