Nordic American Tankers Ltd (NYSE: NAT) suffers from significant negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Important negative changes in Nordic American Tankers Ltd (NYSE: NAT) investment behavior have recently occurred: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NAT is expected to continue to be a major Value Builder.
Nordic American Tankers has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Nordic American Tankers has a neutral Appreciation Score of 47 and a neutral Power Rating of 47, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
Nordic American Tankers Ltd (NYSE: NAT) stock rose modestly by 0.5% on 4/17/24. The stock closed at $3.85. However, this advance was accompanied by below average trading volume at 67% of normal. The stock has performed in line with the market over the last nine months and has declined -0.8% during the last week.
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