At the time of writing, Nordic American Tankers Ltd [NAT] stock is trading at $3.71, up 1.09%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NAT shares have gain 1.64% over the last week, with a monthly amount glided 1.09%, and 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 12, 2024, when Jefferies downgraded its rating to a Hold but kept the price target unchanged to $4 for it. Previously, Jefferies upgraded its rating to Buy on September 06, 2022, and elevated its price target to $4. On July 21, 2022, Jefferies initiated with a Hold rating and assigned a price target of $3 on the stock. Evercore ISI upgraded its rating to a In-line. H.C. Wainwright started tracking with a Neutral rating for this stock on March 29, 2021, and assigned it a price target of $3.75. In a note dated May 04, 2020, Evercore ISI downgraded an Underperform rating on this stock.
For the past year, the stock price of Nordic American Tankers Ltd fluctuated between $3.31 and $4.83. Currently, Wall Street analysts expect the stock to reach $4.75 within the next 12 months. Nordic American Tankers Ltd [NYSE: NAT] shares were valued at $3.71 at the most recent close of the market. An investor can expect a potential return of 28.03% based on the average NAT price forecast.
Analyzing the NAT fundamentals
According to Nordic American Tankers Ltd [NYSE:NAT], the company’s sales were 330.80M for trailing twelve months, which represents an -1.30% plunge. 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. 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 3.67 points at the first support level, and at 3.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.74, and for the 2nd resistance point, it is at 3.78.
Ratios To Look Out For
It is important to note that Nordic American Tankers Ltd [NYSE:NAT] has a current ratio of 0.79. Also, the Quick Ratio is 0.53, while the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 2.34, the price to book ratio is 1.47 and price to earnings (TTM) ratio is 12.56.
