Nordic American Tankers Limited [NAT] fell -0.33% so far this year. What now?

Nordic American Tankers Limited [NYSE: NAT] loss -3.17% on the last trading session, reaching $3.05 price per share at the time. The company report on January 4, 2023 that Nordic American Tankers Ltd (NYSE: NAT) – Some reflections at the start of the New Year.

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Wednesday, January 4, 2023.

Nordic American Tankers Limited represents 206.91 million in outstanding shares, while the company has a total market value of $612.53 million with the latest information. NAT stock price has been found in the range of $3.0316 to $3.16.

If compared to the average trading volume of 3.96M shares, NAT reached a trading volume of 3435944 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Nordic American Tankers Limited [NAT]:

Jefferies have made an estimate for Nordic American Tankers Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 06, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on July 21, 2022, representing the official price target for Nordic American Tankers Limited stock. Previously, the target price had yet another raise from $2 to $2.50, while Jefferies kept a Hold rating on NAT stock.

The Average True Range (ATR) for Nordic American Tankers Limited is set at 0.16, with the Price to Sales ratio for NAT stock in the period of the last 12 months amounting to 2.51. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 0.19.

Trading performance analysis for NAT stock

Nordic American Tankers Limited [NAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.04. With this latest performance, NAT shares dropped by -12.61% in over the last four-week period, additionally plugging by 23.48% over the last 6 months – not to mention a rise of 83.73% 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 NAT stock in for the last two-week period is set at 46.07, with the RSI for the last a single of trading hit 46.45, and the three-weeks RSI is set at 46.64 for Nordic American Tankers Limited [NAT]. The present Moving Average for the last 50 days of trading for this stock 3.29, while it was recorded at 3.12 for the last single week of trading, and 2.78 for the last 200 days.

Nordic American Tankers Limited [NAT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Nordic American Tankers Limited [NAT] shares currently have an operating margin of -42.99 and a Gross Margin at -35.01. Nordic American Tankers Limited’s Net Margin is presently recorded at -61.01.

Return on Equity for this stock declined to -20.78, with Return on Assets sitting at -12.72.

Nordic American Tankers Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.80.

An analysis of insider ownership at Nordic American Tankers Limited [NAT]

There are presently around $243 million, or 38.10% of NAT stock, in the hands of institutional investors. The top three institutional holders of NAT stocks are: BLACKROCK INC. with ownership of 11,429,743, which is approximately 4.994% of the company’s market cap and around 1.90% of the total institutional ownership; MORGAN STANLEY, holding 6,735,827 shares of the stock with an approximate value of $20.54 million in NAT stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $15.98 million in NAT stock with ownership of nearly 91.851% of the company’s market capitalization.

Positions in Nordic American Tankers Limited stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 109 institutional holders increased their position in Nordic American Tankers Limited [NYSE:NAT] by around 23,199,049 shares. Additionally, 47 investors decreased positions by around 8,035,136 shares, while 27 investors held positions by with 48,350,900 shares. The mentioned changes placed institutional holdings at 79,585,085 shares, according to the latest SEC report filing. NAT stock had 38 new institutional investments in for a total of 10,816,429 shares, while 14 institutional investors sold positions of 1,207,970 shares during the same period.


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