Nordic American Tankers Ltd (NYSE:NAT) has a beta value of -0.10 and has seen 0.67 million shares traded in the recent trading session. The company, currently valued at $905.15M, closed the recent trade at $4.34 per share which meant it -0.12% during that session. The NAT stock price is -11.29% off its 52-week high price of $4.83 and 20.74% above the 52-week low of $3.44. The 3-month trading volume is 2.60 million shares.
Nordic American Tankers Ltd (NYSE:NAT) trade information
Sporting -0.12% in the red today, the stock has traded in the green over the last five days, when the NAT stock price touched $4.34 or saw a rise of 1.36%. Year-to-date, Nordic American Tankers Ltd shares have moved 3.21%, while the 5-day performance has seen it change 2.48%. Over the past 30 days, the shares of Nordic American Tankers Ltd (NYSE:NAT) have changed 14.68%.
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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 -1.03% over the past 6 months, with this year growth rate of 27.66%, compared to 8.40% for the industry. Revenue growth from the last financial year stood is estimated to be 19.60%.
3 analysts offering their estimates for the company have set an average revenue estimate of 76.56M for the current quarter. 3 have an estimated revenue figure of 69.35M for the next ending quarter. Year-ago sales stood 87.09M and 76.17M respectively for this quarter and the next, and analysts expect sales will shrink by -12.10% for the current quarter and 19.60% for the next.
Earnings growth for 2024 is a modest 23.98% while over the next 5 years, the company’s earnings are expected to increase by 5.00%.
NAT Dividends
Nordic American Tankers Ltd is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.46 at a share yield of 10.61%. The company’s dividend yield has gone up over the past 12 months.
