Nordic American Tankers Ltd (NYSE:NAT) has a beta value of -0.09 and has seen 1.44 million shares traded in the recent trading session. The company, currently valued at $818.50M, closed the recent trade at $3.92 per share which meant it lost -$0.11 on the day or -2.73% during that session. The NAT stock price is -23.21% off its 52-week high price of $4.83 and 16.84% above the 52-week low of $3.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.18 million shares traded. The 3-month trading volume is 3.26 million shares.
Nordic American Tankers Ltd (NYSE:NAT) trade information
Sporting -2.73% in the red today, the stock has traded in the red over the last five days, when the NAT stock price touched $3.92 or saw a rise of 4.39%. Year-to-date, Nordic American Tankers Ltd shares have moved -6.67%, while the 5-day performance has seen it change -2.97%. Over the past 30 days, the shares of Nordic American Tankers Ltd (NYSE:NAT) have changed -8.20%. Short interest in the company has seen 7.37 million shares shorted with days to cover at 2.46.
Nordic American Tankers Ltd (NAT) estimates and forecasts
Figures show that Nordic American Tankers Ltd shares have outperformed across the wider relevant industry. The company’s shares have lost -0.51% over the past 6 months, with this year growth rate of 17.02%, compared to 4.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -50.00% and -7.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 26.00%.
2 analysts offering their estimates for the company have set an average revenue estimate of $83.08 million for the current quarter. 2 have an estimated revenue figure of $79.93 million for the next quarter concluding in Jun 2024. Year-ago sales stood $87.09 million and $76.17 million respectively for this quarter and the next, and analysts expect sales will shrink by -4.60% for the current quarter and 4.90% for the next.
NAT Dividends
Nordic American Tankers Ltd is expected to release its next earnings report between May 20 and May 24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.34 at a share yield of 8.67%. The company’s dividend yield has gone up over the past 12 months.
Nordic American Tankers Ltd (NYSE:NAT)’s Major holders
Insiders own 3.02% of the company shares, while shares held by institutions stand at 45.87% with a share float percentage of 47.30%. Investors are also buoyed by the number of investors in a company, with Nordic American Tankers Ltd having a total of 256 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 12.23 million shares worth more than $47.88 million. As of Dec 30, 2023, Blackrock Inc. held 5.86% of shares outstanding.
The other major institutional holder is Dimensional Fund Advisors LP, with the holding of over 10.3 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $40.31 million and represent 4.93% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Allspring Special Small Cap Value Fund. As of Dec 30, 2023, the former fund manager holds about 2.57% shares in the company for having 5.37 million shares of worth $21.04 million while later fund manager owns 3.28 million shares of worth $12.86 million as of Jan 30, 2024, which makes it owner of about 1.57% of company’s outstanding stock.
