Nordic American Tankers Ltd [NAT] stock is trading at $3.64, up 2.82%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NAT shares have gain 4.00% over the last week, with a monthly amount drifted -2.15%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
Nordic American Tankers Ltd [NAT] stock has fluctuated between $3.31 and $4.83 over the past year. 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 $3.64 at the most recent close of the market. An investor can expect a potential return of 51.1% based on the average NAT price forecast.
Analyzing the NAT fundamentals
Nordic American Tankers Ltd [NYSE:NAT] reported sales of 332.09M for the trailing twelve months, which represents a drop of -21.53%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.12 and Total Capital is 0.13. 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 3.59 points at the first support level, and at 3.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.68, and for the 2nd resistance point, it is at 3.71.
Ratios To Look Out For
For context, Nordic American Tankers Ltd’s Current Ratio is 0.77. Further, the Quick Ratio stands at 0.53, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 11.37.
