Scorpio Tankers Inc (NYSE:STNG) shares, rose in value on Friday, March 07, with the stock price down by -0.90% to the previous day’s close as strong demand from buyers drove the stock to $39.66.
Actively observing the price movement in the last trading, the stock closed the session at $40.02. The PE ratio was 3.04 over 12-month period. Referring to stock’s 52-week performance, its high was $84.67, and the low was $38.03. On the whole, STNG has fluctuated by -20.07% over the past month.
With the market capitalization of Scorpio Tankers Inc currently standing at about $1.98 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 2.00, with its dividend yield at 5.04%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 949.48M, with a low estimate of 187.74M and a high estimate of 237.84M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 204.03M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STNG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of STNG currently trading nearly -6.80% and -15.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.74, while the 7-day volatility ratio is showing 4.15% which for the 30-day chart, stands at 4.39%. Furthermore, Scorpio Tankers Inc (STNG)’s beta value is -0.05, and its average true range (ATR) is 1.84.
A comparison of Scorpio Tankers Inc (STNG) with its peers suggests the former has fared considerably weaker in the market. STNG showed an intraday change of -0.90% in last session, and over the past year, it shrunk by -40.67%%.
Data on historical trading for Scorpio Tankers Inc (NYSE:STNG) indicates that the trading volumes over the past 3 months, they’ve averaged 1.02 million. According to company’s latest data on outstanding shares, there are 49.92 million shares outstanding.
Nearly 7.56% of Scorpio Tankers Inc’s shares belong to company insiders and institutional investors own 73.67% of the company’s shares. The stock has fallen by -20.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STNG stock heading into the next quarter.
