Scorpio Tankers Inc [STNG] stock prices are up 2.16% to $48.17 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 STNG shares have gain 0.56% over the last week, with a monthly amount drifted -12.08%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Scorpio Tankers Inc [NYSE: STNG] stock has seen the most recent analyst activity on October 23, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $65 from $90. Previously, BofA Securities downgraded its rating to Neutral on July 21, 2023, and dropped its price target to $45. On June 30, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $55 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $87 on March 08, 2023. Deutsche Bank upgraded its rating to a Hold and raised its price target to $38 on October 11, 2022. Jefferies started tracking with a Buy rating for this stock on July 21, 2022, and assigned it a price target of $47.
The stock price of Scorpio Tankers Inc [STNG] has been fluctuating between $45.94 and $84.67 over the past year. Currently, Wall Street analysts expect the stock to reach $72.75 within the next 12 months. Scorpio Tankers Inc [NYSE: STNG] shares were valued at $48.17 at the most recent close of the market. An investor can expect a potential return of 51.03% based on the average STNG price forecast.
Analyzing the STNG fundamentals
The Scorpio Tankers Inc [NYSE:STNG] reported sales of 1.38B for trailing twelve months, representing a drop of -7.97%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.52%, and Net Profit Margin reading is 0.52%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.26 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
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 47.55 points at the first support level, and at 46.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.77, and for the 2nd resistance point, it is at 49.38.
Ratios To Look Out For
It’s worth pointing out that Scorpio Tankers Inc [NYSE:STNG]’s Current Ratio is 2.21. In addition, the Quick Ratio stands at 2.18 and the Cash Ratio stands at 0.83. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 0.86 and price to earnings (TTM) ratio is 3.45.
Transactions by insiders
Recent insider trading involved Avella Christopher John, Officer, that happened on Nov 26 ’24 when 24667.0 shares were purchased. Officer, Lauro Filippo completed a deal on Oct 04 ’24 to buy 0.25 million shares.
