In recent trading session, Nordic American Tankers Limited (NYSE:NAT) saw 2,089,703 shares changing hands with its beta currently measuring 0.51. Company’s recent per share price level of $3.4 trading at -$0.12 or -3.41% at recent trade assigns it a market valuation of $508.95 Million. That current trading price of NAT’s stock is at a discount of -164.71% from its 52-week high price of $9 and is indicating a premium of 40% from its 52-week low price of $2.04. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.51 Million shares which gives us an average trading volume of 3.56 Million if we extend that period to 3-months.
Nordic American Tankers Limited (NYSE:NAT) trade information
In the face of being in the red today for losing -3.41%, in the last five days NAT remained trading in the green while hitting it’s week-highest on Friday, Sep 18 when the stock touched $3.90-1 price level, adding 13.08% to its value on the day. Nordic American Tankers Limited’s shares saw a change of -31.1% in year-to-date performance and have moved -11.95% in past 5-day. Nordic American Tankers Limited (NYSE:NAT) showed a performance of -22.07% in past 30-days. Number of shares sold short was 16.91 Million shares which calculate 4.75 days to cover the short interests.
Nordic American Tankers Limited (NAT) estimates and forecasts
Statistics highlight that Nordic American Tankers Limited is scoring comparatively lower than the scores of other players of the relevant industry. The company added +10% of value to its shares in past 6 months, showing an annual growth rate of -1042.86% while that of industry is 4.7. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 60% in the current quarter and calculating -44.4% decline in the next quarter. This year revenue growth is estimated to rise 51.6% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $37.84 Million for the same. And 5 analysts are in estimates of company making revenue of $51.25 Million in the next quarter that will end in December 01, 2020. Company posted $35.18 Million and $58.82 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 7.6% while estimating it to be -12.9% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 89.2% while estimates for its earnings growth in next 5 years are of 5%
Nordic American Tankers Limited is more likely to be releasing its next quarterly report between November 23 and November 27, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 15.91%, the share has a forward dividend of 0.56 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 10.45%.
Nordic American Tankers Limited (NYSE:NAT)’s Major holders
Insiders are in possession of 2.62% of company’s total shares while institution are holding 36.42% percent of that, with stock having share float percentage of 37.4%. Investors also watch the number of corporate investors in a company very closely, which is 212 institutions for Nordic American Tankers Limited that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at NAT for having 7.99 Million shares of worth $32.42 Million. And as of June 29, 2020, it was holding 5.42% of the company’s outstanding shares.
The second largest institutional holder is Morgan Stanley, which was holding about 5.08 Million shares on June 29, 2020. The number of shares represents firm’s hold over 3.45% of outstanding shares, having a total worth of $20.61 Million.
On the other hand, iShares Russell 2000 ETF and iShares Russell 2000 Value ETF are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 3013463 shares of worth $12.23 Million or 2.05% of the total outstanding shares. The later fund manager was in possession of 1.24 Million shares on June 29, 2020, making its stake of worth around $5.04 Million in the company or a holder of 0.84% of company’s stock.