Recent exceptional negative changes in investment behavior have affected Nordic American Tankers Ltd (NYSE: NAT): the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.
Nordic American Tankers Ltd (NYSE: NAT) suffers from meaningful negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
NAT’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Nordic American Tankers has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Nordic American Tankers has a neutral Appreciation Score of 43 and a slightly negative Power Rating of 37, with the Negative Value Trend Rating the result.
Recent Price Action
Nordic American Tankers Ltd (NYSE: NAT) stock closed at $3.86 on 5/29/24 after a large decline of -8.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 359% of normal. The stock has been weak relative to the market over the last nine months and has declined -10.2% during the last week.
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