Nordic Stock Probability of Future Stock Price Finishing Over 3.61

NAT
 Stock
  

USD 3.61  0.14  4.03%   

Nordic American's future price is the expected price of Nordic American instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Nordic American Tanker performance during a given time horizon utilizing its historical volatility.
  
Nordic American's implied volatility is one of the determining factors in the pricing options written on Nordic American Tanker. Implied volatility approximates the future value of Nordic American based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Nordic American Tanker over a specific time period. For example, 2022-12-16 CALL at $3.5 is a CALL option contract on Nordic American's common stock with a strick price of 3.5 expiring on 2022-12-16. The contract was last traded on 2022-11-29 at 15:59:39 for $0.25 and, as of today, has 16 days remaining before the expiration. The option is currently trading at a bid price of $0.2, and an ask price of $0.3. The implied volatility as of the 30th of November is 91.1352. View All Nordic options

Closest to current price Nordic long CALL Option Payoff at Expiration

Additionally, see Nordic American Backtesting, Nordic American Valuation, Nordic American Correlation, Nordic American Hype Analysis, Nordic American Volatility, Nordic American History as well as Nordic American Performance. Please specify Nordic American time horizon, a valid symbol (red box) and a target price (blue box) you would like Nordic American odds to be computed.

Nordic American Target Price Odds to finish over 3.61

The tendency of Nordic Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 3.61 90 days 3.61 
about 6.11
Based on a normal probability distribution, the odds of Nordic American to move above the current price in 90 days from now is about 6.11 (This Nordic American Tanker probability density function shows the probability of Nordic Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Nordic American has a beta of 0.5. This indicates as returns on the market go up, Nordic American average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nordic American Tanker will be expected to be much smaller as well. Additionally The company has an alpha of 0.4767, implying that it can generate a 0.48 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Nordic American Price Density   
       Price  

Predictive Modules for Nordic American

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nordic American Tanker. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Nordic American's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Nordic American in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.183.678.20
Details
Intrinsic
Valuation
LowReal ValueHigh
0.173.387.91
Details
4 Analysts
Consensus
LowTarget PriceHigh
2.253.335.00
Details
Earnings
Estimates (3)
LowProjected EPSHigh
-0.71-0.67-0.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nordic American. Your research has to be compared to or analyzed against Nordic American's peers to derive any actionable benefits. When done correctly, Nordic American's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Nordic American Tanker.

Nordic American Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Nordic American is not an exception. The market had few large corrections towards the Nordic American's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nordic American Tanker, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nordic American within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.48
β
Beta against DOW0.50
σ
Overall volatility
0.33
Ir
Information ratio 0.09

Nordic American Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nordic American for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nordic American Tanker can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Nordic American appears to be risky and price may revert if volatility continues
The company reported the last year's revenue of 214.86 M. Reported Net Loss for the year was (148.55 M) with loss before taxes, overhead, and interest of (4.86 M).
Nordic American Tanker has about 35.57 M in cash with (37.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18.
On 12th of October 2022 Nordic American paid $ 0.03 per share dividend to its current shareholders
Latest headline from news.google.com: Nordic American Tankers Is Paying Out A Larger Dividend Than Last Year - Yahoo Finance

Nordic American Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nordic Stock often depends not only on the future outlook of the current and potential Nordic American's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nordic American's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out5.16%
Trailing Annual Dividend Rate0.40
Short Percent Of Float5.30%
Float Shares196.82M
Shares Short Prior Month9.37M
Average Daily Volume Last 10 Day5.73M
Average Daily Volume In Three Month5.62M
Date Short Interest14th of October 2022
Trailing Annual Dividend Yield12.01%

Nordic American Technical Analysis

Nordic American's future price can be derived by breaking down and analyzing its technical indicators over time. Nordic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nordic American Tanker. In general, you should focus on analyzing Nordic Stock price patterns and their correlations with different microeconomic environments and drivers.

Nordic American Predictive Forecast Models

Nordic American time-series forecasting models is one of many Nordic American's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Nordic American's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Nordic American Tanker

Checking the ongoing alerts about Nordic American for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nordic American Tanker help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Nordic American appears to be risky and price may revert if volatility continues
The company reported the last year's revenue of 214.86 M. Reported Net Loss for the year was (148.55 M) with loss before taxes, overhead, and interest of (4.86 M).
Nordic American Tanker has about 35.57 M in cash with (37.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18.
On 12th of October 2022 Nordic American paid $ 0.03 per share dividend to its current shareholders
Latest headline from news.google.com: Nordic American Tankers Is Paying Out A Larger Dividend Than Last Year - Yahoo Finance
Additionally, see Nordic American Backtesting, Nordic American Valuation, Nordic American Correlation, Nordic American Hype Analysis, Nordic American Volatility, Nordic American History as well as Nordic American Performance. Note that the Nordic American Tanker information on this page should be used as a complementary analysis to other Nordic American's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for Nordic Stock analysis

When running Nordic American Tanker price analysis, check to measure Nordic American's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nordic American is operating at the current time. Most of Nordic American's value examination focuses on studying past and present price action to predict the probability of Nordic American's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nordic American's price. Additionally, you may evaluate how the addition of Nordic American to your portfolios can decrease your overall portfolio volatility.
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Is Nordic American's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nordic American. If investors know Nordic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nordic American listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
5.76
Market Capitalization
695.3 M
Quarterly Revenue Growth YOY
0.33
Return On Assets
(0.0455) 
Return On Equity
(0.28) 
The market value of Nordic American Tanker is measured differently than its book value, which is the value of Nordic that is recorded on the company's balance sheet. Investors also form their own opinion of Nordic American's value that differs from its market value or its book value, called intrinsic value, which is Nordic American's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nordic American's market value can be influenced by many factors that don't directly affect Nordic American's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nordic American's value and its price as these two are different measures arrived at by different means. Investors typically determine Nordic American value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nordic American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.