TORM plc [NASDAQ: TRMD] stock went on an upward path that rose over 14.39% on Monday, amounting to a one-week price increase of more than 13.83%. The company report on October 6, 2021 that Leading LPG, LNG, Crude and Product Shipping Companies Presenting at Capital Link’s 13th Annual New York Maritime Forum.
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Over the last 12 months, TRMD stock rose by 29.49%. The one-year TORM plc stock forecast points to a potential upside of 23.17.
The market cap for the stock reached $727.61 million, with 78.92 million shares outstanding and 25.94 million shares in the current float. Compared to the average trading volume of 21.55K shares, TRMD stock reached a trading volume of 4265638 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on TORM plc [TRMD]:
The Average True Range (ATR) for TORM plc is set at 0.42, with the Price to Sales ratio for TRMD stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 0.68.
TRMD Stock Performance Analysis:
TORM plc [TRMD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.83. With this latest performance, TRMD shares gained by 19.58% in over the last four-week period, additionally plugging by 5.98% over the last 6 months – not to mention a rise of 29.49% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TRMD stock in for the last two-week period is set at 71.58, with the RSI for the last a single of trading hit 78.69, and the three-weeks RSI is set at 66.20 for TORM plc [TRMD]. The present Moving Average for the last 50 days of trading for this stock 7.92, while it was recorded at 8.12 for the last single week of trading, and 8.46 for the last 200 days.
Insight into TORM plc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and TORM plc [TRMD] shares currently have an operating margin of +21.94 and a Gross Margin at +28.77. TORM plc’s Net Margin is presently recorded at +11.82.
Return on Total Capital for TRMD is now 9.02, given the latest momentum, and Return on Invested Capital for the company is 5.14. Return on Equity for this stock inclined to 8.93, with Return on Assets sitting at 4.52. When it comes to the capital structure of this company, TORM plc [TRMD] has a Total Debt to Total Equity ratio set at 82.79. Additionally, TRMD Total Debt to Total Capital is recorded at 45.29, with Total Debt to Total Assets ending up at 42.15. Long-Term Debt to Equity for the company is recorded at 72.68, with the Long-Term Debt to Total Capital now at 39.76.
Reflecting on the efficiency of the workforce at the company, TORM plc [TRMD] managed to generate an average of $1,260,835 per employee. Receivables Turnover for the company is 8.50 with a Total Asset Turnover recorded at a value of 0.38.
TORM plc [TRMD] Insider Position Details
There are presently around $528 million, or 78.14% of TRMD stock, in the hands of institutional investors. The top three institutional holders of TRMD stocks are: OAKTREE CAPITAL MANAGEMENT LP with ownership of 53,812,988, which is approximately 0% of the company’s market cap and around 0.37% of the total institutional ownership; FIL LTD, holding 1,549,892 shares of the stock with an approximate value of $14.29 million in TRMD stocks shares; and BANK OF NEW YORK MELLON CORP, currently with $7.55 million in TRMD stock with ownership of nearly 1.654% of the company’s market capitalization.
Positions in TORM plc stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 12 institutional holders increased their position in TORM plc [NASDAQ:TRMD] by around 401,533 shares. Additionally, 12 investors decreased positions by around 242,461 shares, while 4 investors held positions by with 56,617,606 shares. The mentioned changes placed institutional holdings at 57,261,600 shares, according to the latest SEC report filing. TRMD stock had 5 new institutional investments in for a total of 158,771 shares, while 3 institutional investors sold positions of 53,742 shares during the same period.