Torm Plc (NASDAQ: TRMD) stock jumped 1.92% on Monday to $33.74 against a previous-day closing price of $33.11. With 1.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.46 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $34.25 whereas the lowest price it dropped to was $33.32. The 52-week range on TRMD shows that it touched its highest point at $36.60 and its lowest point at $22.31 during that stretch. It currently has a 1-year price target of $38.23. With its current market cap of 2.85 billion, TRMD has annualized dividend of $6.02 while the current yield stands at 17.83%. 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 TRMD was up-trending over the past week, with a rise of 7.78%, but this was up by 17.54% over a month. Three-month performance surged to 24.34% while six-month performance rose 27.48%. The stock gained 17.78% in the past year, while it has gained 15.68% so far this year. A look at the trailing 12-month EPS for TRMD yields 8.09 with Next year EPS estimates of 7.62. For the next quarter, that number is 1.99. This implies an EPS growth rate of 7.05% for this year and 4.66% for next year.

Float and Shares Shorts:

At present, 81.82 million TRMD shares are outstanding with a float of 30.30 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.87 million, which was 1.03% higher than short shares on Sep 28, 2023. In addition to Mr. Jacob Balslev Meldgaard as the firm’s CEO & Executive Director, Mr. Kim Balle serves as its Chief Financial Officer.


Institutional Ownership:

Through their ownership of 81.58% of TRMD’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TRMD since 0 analysts follow the stock currently. 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 $39.35 and a low target of $37.36, the average target price over the next 12 months is $38.23. Based on these targets, TRMD could surge 16.63% to reach the target high and rise by 10.73% to reach the target low. Reaching the average price target will result in a growth of 13.31% from current levels.


Dividends & Yield:

In terms of dividends, TRMD has a current ratio of $6.0, which is $6.0 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and TRMD currently yields $20.77. In the past year, TRMD’s dividend yield has been $20.77, but when looking at the stock over the past five years, its yield has been $–. Accordingly, TRMD has a current buyback yield of $0.02. This was $0.02 for the TTM, and it was $– for the past five years.

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.

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