Torm Plc [TRMD] stock prices are up 2.30% to $23.97 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TRMD shares have gain 4.44% over the last week, with a monthly amount drifted -19.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Torm Plc [NASDAQ: TRMD] stock has seen the most recent analyst activity on April 12, 2022, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $14.
The stock price of Torm Plc [TRMD] has been fluctuating between $22.72 and $40.47 over the past year. Currently, Wall Street analysts expect the stock to reach $45 within the next 12 months. Torm Plc [NASDAQ: TRMD] shares were valued at $23.97 at the most recent close of the market. An investor can expect a potential return of 87.73% based on the average TRMD price forecast.
Analyzing the TRMD fundamentals
The Torm Plc [NASDAQ:TRMD] reported sales of 1.64B for trailing twelve months, representing a surge of 3.91%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.44%, and Net Profit Margin reading is 0.44%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.39 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.
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 23.61 points at the first support level, and at 23.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.18, and for the 2nd resistance point, it is at 24.40.
Ratios To Look Out For
It’s worth pointing out that Torm Plc [NASDAQ:TRMD]’s Current Ratio is 2.47. In addition, the Quick Ratio stands at 2.24 and the Cash Ratio stands at 1.84. Considering the valuation of this stock, the price to sales ratio is 9.82, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 3.10.
Transactions by insiders
Recent insider trading involved OCM Njord Holdings S.a r.l., 10% Owner, that happened on Sep 30 ’24 when 3.53 million shares were purchased.
