In the past week, STNG stock has gone down by -4.16%, with a monthly decline of -18.80% and a quarterly plunge of -27.32%. The volatility ratio for the week is 3.62%, and the volatility levels for the last 30 days are 2.96% for Scorpio Tankers Inc. The simple moving average for the past 20 days is -8.85% for STNG’s stock, with a -24.52% simple moving average for the past 200 days.
Is It Worth Investing in Scorpio Tankers Inc (NYSE: STNG) Right Now?
Scorpio Tankers Inc (NYSE: STNG) has a price-to-earnings ratio of 3.88x that is above its average ratio. Additionally, the 36-month beta value for STNG is 0.13. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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
The public float for STNG is 48.81M and currently, short sellers hold a 7.46% ratio of that float. The average trading volume of STNG on November 14, 2024 was 783.42K shares.
STNG) stock’s latest price update
Scorpio Tankers Inc (NYSE: STNG) has experienced a rise in its stock price by 1.96 compared to its previous closing price of 53.12. However, the company has seen a fall of -4.16% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-29 that Scorpio Tankers Inc. (NYSE:STNG ) Q3 2024 Earnings Conference Call October 29, 2024 9:00 AM ET Corporate Participants James Doyle – Head of Corporate Development and IR Emanuele Lauro – Chief Executive Officer Robert Bugbee – President Chris Avella – Chief Financial Officer Lars Dencker Nielsen – Chief Commercial Officer Conference Call Participants Omar Nokta – Jefferies Jon Chappell – Evercore ISI Greg Lewis – BTIG Ken Hoexter – Bank of America Chris Robertson – Deutsche Bank Frode Mørkedal – Clarkson Securities Liam Burke – B. Riley FBR Ben Nolan – Stifle Operator Hello and welcome to the Scorpio Tankers Third Quarter 2024 Conference Call.
Analysts’ Opinion of STNG
Many brokerage firms have already submitted their reports for STNG stocks, with Stifel repeating the rating for STNG by listing it as a “Hold.” The predicted price for STNG in the upcoming period, according to Stifel is $65 based on the research report published on October 23, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see STNG reach a price target of $45, previously predicting the price at $60. The rating they have provided for STNG stocks is “Neutral” according to the report published on July 21st, 2023.
Deutsche Bank gave a rating of “Buy” to STNG, setting the target price at $55 in the report published on June 30th of the previous year.
STNG Trading at -17.60% 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 -36.03% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 3.62%, as shares sank -18.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.93% lower at present.
During the last 5 trading sessions, STNG fell by -4.16%, which changed the moving average for the period of 200-days by -24.37% in comparison to the 20-day moving average, which settled at $59.42. In addition, Scorpio Tankers Inc saw -10.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at STNG starting from Lauro Filippo, who proposed sale 250,000 shares at the price of $72.65 back on Oct 04 ’24. After this action, Lauro Filippo now owns shares of Scorpio Tankers Inc, valued at $18,162,500 using the latest closing price.
Stock Fundamentals for STNG
Current profitability levels for the company are sitting at:
- 0.57 for the present operating margin
- 0.61 for the gross margin
The net margin for Scorpio Tankers Inc stands at 0.52. The total capital return value is set at 0.22. Equity return is now at value 27.29, with 17.68 for asset returns.
Based on Scorpio Tankers Inc (STNG), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 1.09. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 5.69.
Currently, EBITDA for the company is 906.14 million with net debt to EBITDA at 0.71. When we switch over and look at the enterprise to sales, we see a ratio of 2.6. The receivables turnover for the company is 8.1for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
In conclusion, Scorpio Tankers Inc (STNG) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
