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