Nordic American Tankers Ltd (NYSE: NAT) has a higher price-to-earnings ratio of 10.99x compared to its average ratio, The 36-month beta value for NAT is at -0.19. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 as “hold,” and 2 as “sell.”
The public float for NAT is 202.49M, and currently, shorts hold a 3.22% of that float. The average trading volume for NAT on September 10, 2024 was 2.17M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
NAT) stock’s latest price update
Nordic American Tankers Ltd (NYSE: NAT) has seen a decline in its stock price by -1.12 in relation to its previous close of 3.56. However, the company has experienced a -4.09% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-03 that Initiating coverage on Nordic American Tankers with a “Buy” rating, expecting 15-20% total returns over the next 12 to 15 months. NAT’s strong financial flexibility and healthy credit metrics support its robust 12.9% dividend yield, making it an attractive investment despite recent stock declines. The company’s high day rates and low operating costs ensure steady earnings, with industry trends indicating sustained demand and limited supply growth through 2026.
NAT’s Market Performance
Nordic American Tankers Ltd (NAT) has experienced a -4.09% fall in stock performance for the past week, with a 0.28% rise in the past month, and a -12.66% drop in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.15% for NAT. The simple moving average for the past 20 days is -2.78% for NAT’s stock, with a -12.12% 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 -4.43% 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 -27.12% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -1.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.56% lower at present.
During the last 5 trading sessions, NAT fell by -4.09%, which changed the moving average for the period of 200-days by -19.27% in comparison to the 20-day moving average, which settled at $3.62. In addition, Nordic American Tankers Ltd saw -16.19% 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:
- 0.36 for the present operating margin
- 0.45 for the gross margin
The net margin for Nordic American Tankers Ltd stands at 0.25. The total capital return value is set at 0.13. Equity return is now at value 12.33, with 7.72 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 0.43. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 3.31.
Currently, EBITDA for the company is 179.29 million with net debt to EBITDA at 1.95. When we switch over and look at the enterprise to sales, we see a ratio of 3.62. The receivables turnover for the company is 12.11for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
Conclusion
In conclusion, Nordic American Tankers Ltd (NAT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
