Nordic American Tankers Ltd experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $4.78 on 11/06/23, while the lowest price for the same period was registered at $3.12 on 11/05/24.
52-week price history of NAT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Nordic American Tankers Ltd’s current trading price is -35.30% away from its 52-week high, while its distance from the 52-week low is -0.87%. The stock’s price range during this period has spanned from $3.12 to $4.78. In the Energy sector, the Nordic American Tankers Ltd’s shares surpassed a trading volume of approximately 1.74 million for the day, which was noticeably lower compared to the average daily volume of 9.2.13 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Nordic American Tankers Ltd (NAT) has experienced a quarterly decline of -10.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 645.76M and boasts a workforce of 17 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.66, with a change in price of -0.86. Similarly, Nordic American Tankers Ltd recorded 2,209,834 in trading volume during the last 100 days, posting a change of -21.59%.
Examining NAT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for NAT stands at 0.54. Similarly, the long-term debt-to-equity ratio is also 0.36.
NAT Stock Stochastic Average
Today, Nordic American Tankers Ltd’s raw stochastic average for the past 50 days stands at 0.68%, indicating a decline from the raw stochastic average of the last 20 days, which was 0.79%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 1.84% and 2.49% respectively.
NAT Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -26.36%. However, over the past six months, we’ve seen a stronger performance of -21.50%. The price of NAT leaped by -18.82% over the last 30 days. And in the last five days, it has fallen by -6.28%.
