How have Nordic American Tankers Ltd (NAT)’s performance and profitability changed over the time?

Nordic American Tankers Ltd [NAT] stock prices are up 1.00% to $4.06 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NAT shares have lost -0.49% over the last week, with a monthly amount drifted -2.87%, and not seem to be holding up well over a long-time horizon.

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On 12, March 2024, Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT shares. In a post published today on Yahoo Finance,  .

From an analyst’s perspective:

Nordic American Tankers Ltd [NYSE: NAT] stock has seen the most recent analyst activity on September 06, 2022, when Jefferies upgraded its rating to a Buy and also boosted its price target to $4 from $3. Previously, Jefferies started tracking the stock with Hold rating on July 21, 2022, and set its price target to $3. Evercore ISI upgraded its rating to a In-line. H.C. Wainwright initiated its recommendation with a Neutral and recommended $3.75 as its price target on March 29, 2021. Evercore ISI downgraded its rating to Underperform for this stock on May 04, 2020. In a note dated October 18, 2019, Evercore ISI upgraded an In-line rating on this stock but restated the target price of $4.

The stock price of Nordic American Tankers Ltd [NAT] has been fluctuating between $3.26 and $4.83 over the past year. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Nordic American Tankers Ltd [NYSE: NAT] shares were valued at $4.06 at the most recent close of the market. An investor can expect a potential return of 23.15% based on the average NAT price forecast.

Analyzing the NAT fundamentals

The Nordic American Tankers Ltd [NYSE:NAT] reported sales of 358.24M for trailing twelve months, representing a drop of -16.66%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.49%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.18 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.02 points at the first support level, and at 3.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.09, and for the 2nd resistance point, it is at 4.11.

Nordic American Tankers Ltd [NAT] reported earnings per share of $0.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.13/share, meaning a difference of -$0.05 and a surprise factor of -38.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.04 per share as compared to estimates of $0.05 per share, a difference of -$0.01 representing a surprise of -20.00%.

Ratios To Look Out For

It’s worth pointing out that Nordic American Tankers Ltd [NYSE:NAT]’s Current Ratio is 1.55. On the other hand, the Quick Ratio is 0.94, and the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 2.37, the price to book ratio is 1.57 and price to earnings (TTM) ratio is 8.66.

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