Adversity is less terrifying than hope: Nordic American Tankers Ltd (NAT)

With 1.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.13 million shares. The 52-week range on NAT shows that it touched its highest point at $4.83 and its lowest point at $3.26 during that stretch. It currently has a 1-year price target of $5.28. With its current market cap of 816.41 million, NAT has annualized dividend of $0.46 while the current yield stands at 11.76%. Beta for the stock currently stands at -0.09.

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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 up-trending over the past week, with a rise of 1.56%, but this was down by -4.17% over a month. Three-month performance dropped to -10.32% while six-month performance fell -2.25%. The stock lost -2.25% in the past year, while it has lost -6.90% so far this year. A look at the trailing 12-month EPS for NAT yields 0.47 with Next year EPS estimates of 0.70. For the next quarter, that number is 0.11. This implies an EPS growth rate of 30.24% for this year and 14.05% for next year.

Float and Shares Shorts:

At present, 208.80 million NAT shares are outstanding with a float of 202.49 million shares on hand for trading. On Feb 29, 2024, short shares totaled 7.37 million, which was 3.53% higher than short shares on Jan 31, 2024. In addition to NG=F as the firm’s Natural Gas May 24, TTF=F serves as its Dutch TTF Natural Gas Calendar.

Institutional Ownership:

Through their ownership of 45.87% of NAT’s outstanding shares, institutional investors have minority 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 NAT 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.