If All Goes Well, TORM plc (NASDAQ: TRMD) Could Shrink By -61.56% Or More – Marketing Sentinel
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If All Goes Well, TORM plc (NASDAQ: TRMD) Could Shrink By -61.56% Or More

During the last session, TORM plc (NASDAQ:TRMD)’s traded shares were 0.41 million. At the end of the trading day, the stock’s price was $12.20, reflecting an intraday gain of 5.26% or $0.61. The 52-week high for the TRMD share is $11.95, that puts it up 2.05 from that peak though still a striking 49.43% gain since the share price plummeted to a 52-week low of $6.17. The company’s market capitalization is $985.03M, and the average trade volume was 312.61K shares over the past three months.

TORM plc (NASDAQ:TRMD) trade information

TORM plc (TRMD) registered a 5.26% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.26% in intraday trading to $12.20 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is 15.42%, and it has moved by 27.08% in 30 days. Based on these gigs, the overall price performance for the year is 33.99%.

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The consensus price target of analysts on Wall Street is $16.44, which implies an increase of 25.79% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14.04 and $19.71 respectively. As a result, TRMD is trading at a discount of -61.56% off the target high and -15.08% off the low.

TORM plc (TRMD) estimates and forecasts

Statistics show that TORM plc has outperformed its competitors in share price, compared to the industry in which it operates. TORM plc (TRMD) shares have gone up 48.24% during the last six months, with a year-to-date growth rate more than the industry average at 246.30% against 17.30. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -1,800.00% this quarter and then jump 83.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -19.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $152.2 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $175.7 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $163.7 million and $105.1 million respectively. In this case, analysts expect current quarter sales to shrink by -7.00% and then jump by 67.20% in the coming quarter.

While earnings are projected to return -126.80% in 2022.

TRMD Dividends

TORM plc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

TORM plc (NASDAQ:TRMD)’s Major holders

TORM plc insiders own 0.37% of total outstanding shares while institutional holders control 71.91%, with the float percentage being 72.17%. FIL LTD is the largest shareholder of the company, while 53 institutions own stock in it. As of Sep 29, 2021, the company held over 1.55 million shares (or 5.49% of all shares), a total value of $12.0 million in shares.

The next largest institutional holding, with 0.83 million shares, is of Bank Of New York Mellon Corporation’s that is approximately 2.95% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $6.43 million.

Also, the Mutual Funds coming in first place with the largest holdings of TORM plc (TRMD) shares are WisdomTree Tr-WisdomTree International Small Cap Dividend Fd and WisdomTree Tr-WisdomTree Europe Small Cap Dividend Fd. Data provided on Oct 30, 2021 indicates that WisdomTree Tr-WisdomTree International Small Cap Dividend Fd owns about 0.53 million shares. This amounts to just over 1.88 percent of the company’s overall shares, with a $4.37 million market value. The same data shows that the other fund manager holds slightly less at 0.27 million, or about 0.95% of the stock, which is worth about $2.2 million.

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