Torm Plc (NASDAQ: TRMD) has a higher price-to-earnings ratio of 4.88x compared to its average ratio. TRMD has 36-month beta value of 0.20. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TRMD is 50.09M, and currently, short sellers hold a 3.24% ratio of that float. The average trading volume of TRMD on June 26, 2024 was 787.94K shares.
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TRMD) stock’s latest price update
Torm Plc (NASDAQ: TRMD) has experienced a rise in its stock price by 3.03 compared to its previous closing price of 37.59. However, the company has seen a gain of 10.15% in its stock price over the last five trading days. seekingalpha.com reported 2024-06-21 that Large Cap Value rankings from YCharts identify stocks with low prices relative to their assets and profits. The Ben Graham Formula strategy selects stable stocks with strong earnings and dividends based on Graham’s book “The Intelligent Investor”. 57 out of 70 All-Star-Value Dividend stocks offer annual dividends (from $1K invested) exceeding their price per share.
TRMD’s Market Performance
TRMD’s stock has risen by 10.15% in the past week, with a monthly rise of 2.54% and a quarterly rise of 14.76%. The volatility ratio for the week is 1.96% while the volatility levels for the last 30 days are 1.77% for Torm Plc The simple moving average for the past 20 days is 6.40% for TRMD’s stock, with a 19.25% simple moving average for the past 200 days.
Analysts’ Opinion of TRMD
Many brokerage firms have already submitted their reports for TRMD stocks, with H.C. Wainwright repeating the rating for TRMD by listing it as a “Buy.” The predicted price for TRMD in the upcoming period, according to H.C. Wainwright is $14 based on the research report published on April 12, 2022 of the previous year 2022.
TRMD Trading at 8.37% from the 50-Day Moving Average
After a stumble in the market that brought TRMD to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.57% of gains for the given period.
Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares surge +1.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.97% upper at present.
During the last 5 trading sessions, TRMD rose by +10.05%, which changed the moving average for the period of 200-days by +52.04% in comparison to the 20-day moving average, which settled at $36.43. In addition, Torm Plc saw 27.36% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TRMD
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 0.58 for the gross margin
The net margin for Torm Plc stands at 0.45. The total capital return value is set at 0.22. Equity return is now at value 37.89, with 22.11 for asset returns.
Based on Torm Plc (TRMD), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.6. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 10.38.
Currently, EBITDA for the company is 782.75 million with net debt to EBITDA at 0.87. When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The receivables turnover for the company is 4.92for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.63.
Conclusion
To put it simply, Torm Plc (TRMD) 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.
