The stock of Torm Plc (TRMD) has seen a 2.89% increase in the past week, with a -7.56% drop in the past month, and a -2.98% decrease in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are at 2.26% for TRMD. The simple moving average for the last 20 days is -0.81% for TRMD’s stock, with a simple moving average of 0.35% for the last 200 days.
Is It Worth Investing in Torm Plc (NASDAQ: TRMD) Right Now?
Torm Plc (NASDAQ: TRMD) has a higher price-to-earnings ratio of 4.48x compared to its average ratio, The 36-month beta value for TRMD is at 0.18. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for TRMD is 50.87M, and currently, shorts hold a 5.57% of that float. The average trading volume for TRMD on September 20, 2024 was 633.35K shares.
TRMD) stock’s latest price update
Torm Plc (NASDAQ: TRMD)’s stock price has dropped by -3.86 in relation to previous closing price of 36.44. Nevertheless, the company has seen a gain of 2.89% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-16 that Last week, TORM plc stock crashed as oil prices collapsed worldwide. As an oil tanker, TORM’s business is impacted by the supply and demand for oil. However; it doesn’t depend on high oil prices the same way that E&Ps do. The demand for oil and size of the tanker fleet are the more relevant factors here.
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 -4.55% 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 unable to rebound, for now settling with -13.43% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares sank -5.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.26% lower at present.
During the last 5 trading sessions, TRMD rose by +3.22%, which changed the moving average for the period of 200-days by +25.52% in comparison to the 20-day moving average, which settled at $35.21. In addition, Torm Plc saw 15.21% 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:
- 0.42 for the present operating margin
- 0.51 for the gross margin
The net margin for Torm Plc stands at 0.44. The total capital return value is set at 0.22. Equity return is now at value 39.54, with 22.54 for asset returns.
Based on Torm Plc (TRMD), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.69. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 10.13.
Currently, EBITDA for the company is 782.75 million with net debt to EBITDA at 0.85. When we switch over and look at the enterprise to sales, we see a ratio of 2.49. The receivables turnover for the company is 5.65for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.18.
Conclusion
In conclusion, Torm Plc (TRMD) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
