Nordic American Tankers Ltd's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 58 out of 97 in the Oil & Gas Related Equipment and Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 5.43.In the medium term, the stock price is expected to trend up.Despite a weak stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Nordic American Tankers Ltd is 7.58, ranking 43 out of 97 in the Oil & Gas Related Equipment and Services industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 58.76M, representing a year-over-year decrease of 65.65%, while its net profit experienced a year-over-year decrease of 800.39%.
Key Metrics
The current valuation score of Nordic American Tankers Ltd is 7.28, ranking 61 out of 97 in the Oil & Gas Related Equipment and Services industry. Its current P/E ratio is 97.67, which is 607.09% below the recent high of 690.61 and 107.30% above the recent low of -7.13.
The current earnings forecast score of Nordic American Tankers Ltd is 7.50, ranking 48 out of 97 in the Oil & Gas Related Equipment and Services industry. The average price target is 3.50, with a high of 5.00 and a low of 3.40.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Nordic American Tankers Ltd is 7.57, ranking 59 out of 97 in the Oil & Gas Related Equipment and Services industry. Currently, the stock price is trading between the resistance level at 6.36 and the support level at 4.93, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Nordic American Tankers Ltd is 3.00, ranking 66 out of 97 in the Oil & Gas Related Equipment and Services industry. The latest institutional shareholding proportion is 44.27%, representing a quarter-over-quarter increase of 7.21%. The largest institutional shareholder is The Vanguard, holding a total of 1.45M shares, representing 0.68% of shares outstanding, with 20.31% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Oil & Gas Related Equipment and Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Nordic American Tankers Ltd is 7.96, ranking 29 out of 97 in the Oil & Gas Related Equipment and Services industry. The company's beta value is -0.48. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
