The stock price of Scorpio Tankers Inc (NYSE: STNG) has plunged by -2.96 when compared to previous closing price of 70.47, but the company has seen a 0.54% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-09 that MONACO, Sept. 09, 2024 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that since July 30, 2024, the Company has repurchased 2,415,321 of its common shares in the open market at an average price of $72.45 per share under the Company’s 2023 Securities Repurchase Program.
Is It Worth Investing in Scorpio Tankers Inc (NYSE: STNG) Right Now?
Scorpio Tankers Inc (NYSE: STNG) has a higher price-to-earnings ratio of 5.37x compared to its average ratio. STNG has 36-month beta value of 0.14. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for STNG is 47.02M, and currently, short sellers hold a 7.14% ratio of that float. The average trading volume of STNG on September 20, 2024 was 778.50K shares.
STNG’s Market Performance
STNG’s stock has seen a 0.54% increase for the week, with a -3.41% drop in the past month and a -16.70% fall in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are at 2.05% for Scorpio Tankers Inc The simple moving average for the last 20 days is -1.21% for STNG stock, with a simple moving average of -3.94% for the last 200 days.
Analysts’ Opinion of STNG
Many brokerage firms have already submitted their reports for STNG stocks, with BofA Securities repeating the rating for STNG by listing it as a “Neutral.” The predicted price for STNG in the upcoming period, according to BofA Securities is $45 based on the research report published on July 21, 2023 of the previous year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see STNG reach a price target of $55. The rating they have provided for STNG stocks is “Buy” according to the report published on June 30th, 2023.
JP Morgan gave a rating of “Overweight” to STNG, setting the target price at $87 in the report published on March 08th of the previous year.
STNG Trading at -5.67% from the 50-Day Moving Average
After a stumble in the market that brought STNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.23% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -2.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.12% lower at present.
During the last 5 trading sessions, STNG rose by +1.09%, which changed the moving average for the period of 200-days by +24.45% in comparison to the 20-day moving average, which settled at $69.14. In addition, Scorpio Tankers Inc saw 12.48% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for STNG
Current profitability levels for the company are sitting at:
- 0.54 for the present operating margin
- 0.62 for the gross margin
The net margin for Scorpio Tankers Inc stands at 0.47. The total capital return value is set at 0.2. Equity return is now at value 24.77, with 15.93 for asset returns.
Based on Scorpio Tankers Inc (STNG), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.94. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 4.53.
Currently, EBITDA for the company is 906.14 million with net debt to EBITDA at 0.8. When we switch over and look at the enterprise to sales, we see a ratio of 3.22. The receivables turnover for the company is 6.15for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.67.
Conclusion
To put it simply, Scorpio Tankers Inc (STNG) has had a mixed 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’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.
