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Euronav NV (NYSE:EURN) 52.63% Above Its 52-Week Low, How Long Will It Keep Rising?

In recent trading session, Euronav NV (NYSE:EURN) saw 0.54 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $16.70 trading at -$1.24 or -6.91% at last check today assigns it a market valuation of $3.62B. That most recent trading price of EURN’s stock is at a discount of -14.73% from its 52-week high price of $19.16 and is indicating a premium of 52.63% from its 52-week low price of $7.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.17 million shares which gives us an average trading volume of 1.27 million if we extend that period to 3-months.

Euronav NV (NYSE:EURN) trade information

Upright in the red during last session for losing -6.91%, in the last five days EURN remained trading in the green while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $16.70 price level, adding 12.84% to its value on the day. Euronav NV’s shares saw a change of 101.80% in year-to-date performance and have moved 0.39% in past 5-day. Euronav NV (NYSE:EURN) showed a performance of 10.20% in past 30-days. Number of shares sold short was 2.44 million shares which calculate 1.99 days to cover the short interests.

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Euronav NV (EURN) estimates and forecasts

Statistics highlight that Euronav NV is scoring comparatively higher than the scores of other players of the relevant industry. The company added 67.98% of value to its shares in past 6 months, showing an annual growth rate of 108.57% while that of industry is 17.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -290.90% in the current quarter and calculating 65.50% increase in the next quarter. This year revenue growth is estimated to fall -58.40% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $92.73 million for the same. And 9 analysts are in estimates of company making revenue of $184.66 million in the next quarter that will end on Dec 2021. Company posted $225.12 million and $138.44 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -58.80% while estimating it to be 33.40% for the next quarter.

In 2022, company’s earnings growth rate is likely to be around -160.90% while estimates for its earnings growth in next 5 years are of -13.00%.

EURN Dividends

Euronav NV is more likely to be releasing its next quarterly report in October 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.

Euronav NV (NYSE:EURN)’s Major holders

Insiders are in possession of 53.02% of company’s total shares while institution are holding 26.52 percent of that, with stock having share float percentage of 56.45%. Investors also watch the number of corporate investors in a company very closely, which is 26.52% institutions for Euronav NV that are currently holding shares of the company. FMR, LLC is the top institutional holder at EURN for having 9.49 million shares of worth $159.96 million. And as of Jun 29, 2022, it was holding 4.31% of the company’s outstanding shares.

The second largest institutional holder is M&G Investment Management Ltd, which was holding about 7.91 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 3.60% of outstanding shares, having a total worth of $133.32 million.

On the other hand, DFA International Small Cap Value Portfolio and Vanguard International Stock Index-Total Intl Stock Indx are the top two Mutual Funds which own company’s shares. As of Apr 29, 2022, the former fund manager was holding 3.57 million shares of worth $60.08 million or 1.62% of the total outstanding shares. The later fund manager was in possession of 2.47 million shares on Apr 29, 2022, making its stake of worth around $41.57 million in the company or a holder of 1.12% of company’s stock.

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