TORM plc (NASDAQ: TRMD) stock fell -5.54% on Wednesday to $26.96 against a previous-day closing price of $28.54. With 0.25 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.28 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $27.92 whereas the lowest price it dropped to was $26.87. The 52-week range on TRMD shows that it touched its highest point at $30.68 and its lowest point at $6.17 during that stretch.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TRMD was down-trending over the past week, with a drop of -2.74%, but this was up by 2.78% over a month. Three-month performance surged to 32.16% while six-month performance rose 88.27%. The stock gained 258.99% in the past year, while it has gained 238.69% so far this year. A look at the trailing 12-month EPS for TRMD yields 3.97 with Next year EPS estimates of 1.00. For the next quarter, that number is 1.47. This implies an EPS growth rate of 111.10% for this year and 1566.70% for next year.
Float and Shares Shorts:
At present, 82.30 million TRMD shares are outstanding with a float of 27.62 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.45 million, which was 0.55% higher than short shares on Sep 14, 2022. In addition to Mr. Jacob Balslev Meldgaard as the firm’s CEO & Exec. Director, Mr. Kim Balle serves as its Chief Financial Officer.
Through their ownership of 76.13% of TRMD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of TRMD, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 0.96% stake in TRMD, the Fidelity Funds SICAV – Nordic Fun is the largest stakeholder. A total of 785,450 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 0.46% of TRMD stock, is the second-largest Mutual Fund holder. It holds 377,709 shares valued at 10.12 million. Digital Funds – Stars Europe holds 0.44% of the stake in TRMD, owning 363,032 shares worth 9.73 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TRMD since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TRMD analysts setting a high price target of $34.01 and a low target of $31.53, the average target price over the next 12 months is $33.39. Based on these targets, TRMD could surge 26.15% to reach the target high and rise by 16.95% to reach the target low. Reaching the average price target will result in a growth of 23.85% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TRMD will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of $6.33 being high and $6.13 being low. For TRMD, this leads to a yearly average estimate of $6.23. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. TORM plc surprised analysts by $0.14 when it reported $2.63 EPS against a consensus estimate of $2.49. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $2.39 and the low estimate is $2.10. The average estimate for the next quarter is thus $2.27.
Dividends & Yield:
In terms of dividends, TRMD has a current ratio of $2.92, which is $2.92 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and TRMD currently yields $1.97. In the past year, TRMD’s dividend yield has been $1.97. Accordingly, TRMD has a current buyback yield of $0.0. This was $0.0 for the TTM.
Summary of Insider Activity:
Insiders traded TRMD stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.