Currently, Torm Plc [TRMD] is trading at $22.32, up 4.49%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TRMD shares have gain 3.14% over the last week, with a monthly amount glided 10.11%, and seem to be holding up well over a long-time horizon.
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.
This stock has fluctuated between a low of $13.60 and a high of $25.55 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Torm Plc [NASDAQ: TRMD] shares were valued at $22.32 at the most recent close of the market. An investor can expect a potential return of 3.05% based on the average TRMD price forecast.
Analyzing the TRMD fundamentals
Trailing Twelve Months sales for Torm Plc [NASDAQ:TRMD] were 1.32B which represents -27.99% decline. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.29%, 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 0.1, Equity is 0.16 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.
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 21.66 points at the first support level, and at 20.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.91, and for the 2nd resistance point, it is at 23.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Torm Plc [NASDAQ:TRMD] is 2.57. As well, the Quick Ratio is 2.30, while the Cash Ratio is 1.39. Considering the valuation of this stock, the price to sales ratio is 1.65, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 6.68.
