Torm Plc [NASDAQ: TRMD] stock went on a downward path that fall over -5.12% on Tuesday, amounting to a one-week price decrease of less than -8.08%.
Over the last 12 months, TRMD stock rose by 17.88%. The one-year Torm Plc stock forecast points to a potential upside of 23.85. The average equity rating for TRMD stock is currently 1.25, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $3.09 billion, with 85.73 million shares outstanding and 50.87 million shares in the current float. Compared to the average trading volume of 639.87K shares, TRMD stock reached a trading volume of 4689953 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Torm Plc [TRMD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TRMD shares is $42.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TRMD stock is a recommendation set at 1.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Torm Plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 12, 2022.
The Average True Range (ATR) for Torm Plc is set at 1.10, with the Price to Sales ratio for TRMD stock in the period of the last 12 months amounting to 1.90. The Price to Book ratio for the last quarter was 1.49, with the Price to Cash per share for the same quarter was set at 5.60. Price to Free Cash Flow for TRMD in the course of the last twelve months was 7.25 with Quick ratio for the last quarter at 2.94.
TRMD Stock Performance Analysis:
Torm Plc [TRMD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.08. With this latest performance, TRMD shares dropped by -10.11% in over the last four-week period, additionally sinking by -7.97% over the last 6 months – not to mention a rise of 17.88% 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 35.60, with the RSI for the last a single of trading hit 31.41, and the three-weeks RSI is set at 38.28 for Torm Plc [TRMD]. The present Moving Average for the last 50 days of trading for this stock 36.17, while it was recorded at 34.15 for the last single week of trading, and 35.20 for the last 200 days.
Insight into Torm Plc Fundamentals:
Torm Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.94 and a Current Ratio set at 3.18.
TRMD Stock EPS
With the latest financial reports released by the company, Torm Plc posted 1.42/share EPS, while the average EPS was predicted by analysts to be reported at 1.32/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.1. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TRMD.
Torm Plc [TRMD] Institutonal Ownership Details
There are presently around $71.74%, or 72.03%% 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 44.11 million shares, which is approximately 49.1203%. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 2.24 million shares of the stock with an approximate value of $$87.09 million in TRMD stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $$58.36 million in TRMD stock with ownership which is approximately 1.6763%.
