At the time of writing, Nordic American Tankers Ltd [NAT] stock is trading at $3.83, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The NAT shares have lost -1.29% over the last week, with a monthly amount drifted -5.67%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Nordic American Tankers Ltd fluctuated between $3.26 and $4.83. Currently, Wall Street analysts expect the stock to reach $5.5 within the next 12 months. Nordic American Tankers Ltd [NYSE: NAT] shares were valued at $3.83 at the most recent close of the market. An investor can expect a potential return of 43.6% based on the average NAT price forecast.
Analyzing the NAT fundamentals
According to Nordic American Tankers Ltd [NYSE:NAT], the company’s sales were 358.24M for trailing twelve months, which represents an -16.66% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.
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 3.79 points at the first support level, and at 3.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.85, and for the 2nd resistance point, it is at 3.88.
Ratios To Look Out For
It is important to note that Nordic American Tankers Ltd [NYSE:NAT] has a current ratio of 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 2.23, the price to book ratio is 1.49 and price to earnings (TTM) ratio is 8.17.
