Nordic American Tankers Ltd’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $4.64 on 01/12/24, and the lowest price during the same period was recorded at $2.56 on 12/17/24.
52-week price history of NAT Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Nordic American Tankers Ltd’s current trading price is -46.07% away from its 52-week high, while its distance from the 52-week low is -2.15%. The stock’s price range during this period has fluctuated between $2.56 and $4.64. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 1.56 million for the day, which was evidently lower than the average daily volume of 2.57 million over the last three months.
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Financial Performance and Market Capitalization
Nordic American Tankers Ltd (NAT) has experienced a quarterly decline of -32.30% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 523.04M and boasts a workforce of 17 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.37, with a change in price of -1.13. Similarly, Nordic American Tankers Ltd recorded 2,359,004 in trading volume during the last 100 days, posting a change of -31.18%.
NAT Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its 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
Nordic American Tankers Ltd’s raw stochastic average for the past 50 days is currently at 2.68%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 5.93%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 9.92% and 10.33%, respectively.
NAT Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant loss of -40.36% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -36.42%. Over the past 30 days, the price of NAT has leaped by -15.94%. And in the last five days, it has fallen by -6.53%.
