Notable negative changes in fundamentals have recently occurred for Nordic American Tankers Ltd (NYSE: NAT): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Nordic American Tankers Ltd (NYSE: NAT) has recently experienced meaningful negative changes in investment behavior: negative upside/downside volume developed.
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 56 and a slightly negative Power Rating of 31, with the Negative Value Trend Rating the result.
Recent Price Action
Nordic American Tankers Ltd (NYSE: NAT) stock declined slightly by -0.3% on 7/29/24. The stock closed at $3.63. However, this decline was accompanied by below average trading volume at 78% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.9% during the last week.
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