Scorpio Tankers Inc (NYSE:STNG) shares, rose in value on Friday, May 09, with the stock price up by 1.08% to the previous day’s close as strong demand from buyers drove the stock to $41.12.
Actively observing the price movement in the last trading, the stock closed the session at $40.68. The PE ratio was 3.15 over 12-month period. Referring to stock’s 52-week performance, its high was $84.67, and the low was $30.63. On the whole, STNG has fluctuated by 19.53% over the past month.
With the market capitalization of Scorpio Tankers Inc currently standing at about $2.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 3.89%.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 10.59% and 8.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.40, while the 7-day volatility ratio is showing 3.67% which for the 30-day chart, stands at 4.02%. Furthermore, Scorpio Tankers Inc (STNG)’s beta value is -0.07, and its average true range (ATR) is 1.64.
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 1.08% in last session, and over the past year, it shrunk by -43.44%%.
Data on historical trading for Scorpio Tankers Inc (NYSE:STNG) indicates that the trading volumes over the past 3 months, they’ve averaged 1.05 million. According to company’s latest data on outstanding shares, there are 51.02 million shares outstanding.
Nearly 0.03% of Scorpio Tankers Inc’s shares belong to company insiders and institutional investors own 72.30% of the company’s shares. The stock has fallen by -17.25% 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.
