Overseas Shipholding Group, Inc. (NYSE: OSG) has seen a rise in its stock price by 0.12 in relation to its previous close of 8.48. However, the company has experienced a 0.35% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-07-02 that LOS ANGELES, CA / ACCESSWIRE / July 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Overseas Shipholding Group, Inc. (“OSG” or “the Company”) (NYSE:OSG) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the OSG board breached its fiduciary duties to shareholders.
Is It Worth Investing in Overseas Shipholding Group, Inc. (NYSE: OSG) Right Now?
Overseas Shipholding Group, Inc. (NYSE: OSG) has a price-to-earnings ratio of 10.22x that is above its average ratio. Additionally, the 36-month beta value for OSG is 0.31. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OSG is 51.57M and currently, short sellers hold a 1.22% ratio of that float. The average trading volume of OSG on July 03, 2024 was 1.15M shares.
OSG’s Market Performance
OSG stock saw an increase of 0.35% in the past week, with a monthly gain of 0.47% and a quarterly increase of 35.19%. The volatility ratio for the week is 0.24%, and the volatility levels for the last 30 days are 0.26% for Overseas Shipholding Group, Inc. (OSG). The simple moving average for the past 20 days is 0.42% for OSG’s stock, with a 43.20% simple moving average for the past 200 days.
OSG Trading at 12.04% from the 50-Day Moving Average
After a stumble in the market that brought OSG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.12% of loss for the given period.
Volatility was left at 0.26%, however, over the last 30 days, the volatility rate increased by 0.24%, as shares surge +0.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.97% upper at present.
During the last 5 trading sessions, OSG rose by +0.35%, which changed the moving average for the period of 200-days by +97.44% in comparison to the 20-day moving average, which settled at $8.46. In addition, Overseas Shipholding Group, Inc. saw 61.10% 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 OSG starting from Norton Samuel H, who sale 50,000 shares at the price of $6.74 back on May 15 ’24. After this action, Norton Samuel H now owns 2,457,479 shares of Overseas Shipholding Group, Inc., valued at $336,975 using the latest closing price.
Norton Samuel H, the President and CEO of Overseas Shipholding Group, Inc., sale 29,663 shares at $5.92 during a trade that took place back on Apr 16 ’24, which means that Norton Samuel H is holding 2,507,479 shares at $175,712 based on the most recent closing price.
Stock Fundamentals for OSG
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.28 for the gross margin
The net margin for Overseas Shipholding Group, Inc. stands at 0.14. The total capital return value is set at 0.11. Equity return is now at value 18.24, with 5.83 for asset returns.
Based on Overseas Shipholding Group, Inc. (OSG), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.27. The interest coverage ratio of the stock is 3.28.
Currently, EBITDA for the company is 169.23 million with net debt to EBITDA at 2.93. When we switch over and look at the enterprise to sales, we see a ratio of 2.45. The receivables turnover for the company is 37.54for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.
Conclusion
In conclusion, Overseas Shipholding Group, Inc. (OSG) has seen better performance in recent times. Analysts have a mixed 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.
