Nordic American Tankers Ltd (NYSE:NAT) price is hovering higher on Wednesday, April 17, jumping 1.57% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $3.83. The company’s P/E ratio in the trailing 12-month period read 8.30. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.83 and 52-week low of $3.26. The stock subtracted -3.47% on its value in the past month.
Nordic American Tankers Ltd, which has a market valuation of $812.25 million. The company stock has a Forward Dividend ratio of 0.46, while the dividend yield is 11.82%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NAT a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.66. The overview shows that NAT’s price is at present -0.94% off the SMA20 and -3.69% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 44.75, with weekly volatility standing at 2.36%. The indicator jumps to 2.24% when calculated based on the past 30 days. Nordic American Tankers Ltd (NYSE:NAT)’s beta value is holding at -0.09, while the average true range (ATR) indicator is currently reading 0.09.
An analysis of the Nordic American Tankers Ltd (NYSE:NAT) stock in terms of its daily trading volume indicates that the 3-month average is 2.90 million.
Current records show that the company has 208.80M in outstanding shares. The insiders’ percentage holdings are 3.02% of outstanding shares while the percentage share held by institutions stands at 45.51%. But the -7.38% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
