You might want to take a look at Nordic American Tankers Limited (NAT) now

With 2.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.89 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $3.0100 whereas the lowest price it dropped to was $2.9350. The 52-week range on NAT shows that it touched its highest point at $3.94 and its lowest point at $1.40 during that stretch. It currently has a 1-year price target of $4.38. With its current market cap of 626.22 million, NAT has annualized dividend of $0.12 while the current yield stands at 4.05%. Beta for the stock currently stands at 0.27.

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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 NAT was down-trending over the past week, with a drop of -8.07%, but this was down by -8.07% over a month. Three-month performance dropped to -8.64% while six-month performance rose 17.00%. The stock gained 92.21% in the past year, while it has lost -3.27% so far this year. A look at the trailing 12-month EPS for NAT yields -0.51 with Next year EPS estimates of 0.53. For the next quarter, that number is 0.21. This implies an EPS growth rate of -414.50% for this year and 376.79% for next year.

Float and Shares Shorts:

At present, 206.91 million NAT shares are outstanding with a float of 203.06 million shares on hand for trading. On Oct 13, 2022, short shares totaled 10.76 million, which was 5.16% higher than short shares on Sep 14, 2022. In addition to Mr. Herbjorn Hansson as the firm’s Founder, Chairman, Pres & CEO, Mr. Bjorn Giaever serves as its Exec. VP, CFO & Sec.

Institutional Ownership:

Through their ownership of 30.31% of NAT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 23.48% of NAT, in contrast to 14.43% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in NAT with 4.41% of the stake, BlackRock Fund Advisors holds 9,198,879 shares worth 9,198,879. A second-largest stockholder of NAT, Millennium Management LLC, holds 5,238,234 shares, controlling over 2.51% of the firm’s shares. Allspring Global Investments LLC is the third largest shareholder in NAT, holding 4,556,925 shares or 2.18% stake. With a 2.18% stake in NAT, the iShares Russell 2000 ETF is the largest stakeholder. A total of 4,558,618 shares are owned by the mutual fund manager. The Allspring Special Small Cap Value, which owns about 1.65% of NAT stock, is the second-largest Mutual Fund holder. It holds 3,439,011 shares valued at 10.52 million. TIAA-CREF Quant Small Cap Equity holds 1.08% of the stake in NAT, owning 2,260,110 shares worth 6.92 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NAT since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 NAT analysts setting a high price target of $5.00 and a low target of $3.70, the average target price over the next 12 months is $4.24. Based on these targets, NAT could surge 68.92% to reach the target high and rise by 25.0% to reach the target low. Reaching the average price target will result in a growth of 43.24% 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. NAT will report FY 2022 earnings on 02/23/2024. Analysts have provided yearly estimates in a range of $0.13 being high and $0.05 being low. For NAT, this leads to a yearly average estimate of $0.10. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Nordic American Tankers Limited surprised analysts by -$0.01 when it reported $0.05 EPS against a consensus estimate of $0.06. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.23 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.20.

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