Nordic American Tankers Stock Price on July 26, 2022
| NAT Stock | USD 3.77 0.08 2.08% |
Below is the normalized historical share price chart for Nordic American Tankers extending back to September 30, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Nordic American stands at 3.77, as last reported on the 19th of April, with the highest price reaching 3.86 and the lowest price hitting 3.76 during the day.
If you're considering investing in Nordic Stock, it is important to understand the factors that can impact its price. Nordic American Tankers has Sharpe Ratio of -0.096, which conveys that the firm had a -0.096% return per unit of risk over the last 3 months. Nordic American exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic American's Standard Deviation of 1.59, mean deviation of 1.22, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide.
At this time, Nordic American's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 1.8 M in 2024, whereas Capital Stock is likely to drop slightly above 1.8 M in 2024. . At this time, Nordic American's Price To Sales Ratio is comparatively stable compared to the past year. Price Earnings Ratio is likely to gain to 9.33 in 2024, whereas Price To Operating Cash Flows Ratio is likely to drop 5.97 in 2024. Nordic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 30th of September 1997 | 200 Day MA 4.1345 | 50 Day MA 4.027 | Beta (0.10) |
Nordic |
Sharpe Ratio = -0.096
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NAT |
Estimated Market Risk
| 1.58 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nordic American is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nordic American by adding Nordic American to a well-diversified portfolio.
Price Book 1.505 | Enterprise Value Ebitda 8.3636 | Price Sales 3.09 | Shares Float 202.4 M | Dividend Share 0.46 |
Nordic American Valuation on July 26, 2022
It is possible to determine the worth of Nordic American on a given historical date. On July 26, 2022 Nordic was worth 2.5 at the beginning of the trading date compared to the closed value of 2.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nordic American stock. Still, in general, we apply an absolute valuation method to find Nordic American's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nordic American where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nordic American's related companies.
| Open | High | Low | Close | Volume | |
| 2.44 | 2.55 | 2.11 | 2.11 | 3,922,996 | |
07/26/2022 | 2.50 | 2.54 | 2.06 | 2.06 | 2,276,117 |
| 2.50 | 2.63 | 2.19 | 2.19 | 3,161,166 |
| Backtest Nordic American | | | Nordic American History | | | Nordic American Valuation | Previous | Next |
Nordic American Trading Date Momentum on July 26, 2022
| On July 27 2022 Nordic American Tankers was traded for 2.19 at the closing time. Highest Nordic American's price during the trading hours was 2.63 and the lowest price during the day was 2.19 . The net volume was 3.2 M. The overall trading history on the 27th of July contributed to the next trading period price appreciation. The trading delta at closing time to the next next day price was 6.31% . The trading delta at closing time to current price is 20.39% . |
Nordic American Tankers Fundamentals Correlations and Trends
By evaluating Nordic American's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nordic American's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nordic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nordic American Stock history
Nordic American investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nordic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nordic American Tankers will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nordic American stock prices may prove useful in developing a viable investing in Nordic American
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 208.8 M | 219.2 M | |
| Net Income Applicable To Common Shares | 13.6 M | 14.3 M |
Nordic American Stock Technical Analysis
Nordic American technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Nordic American Period Price Range
Low | July 26, 2022
| High |
2.50 | 2.06 |
Nordic American April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Nordic American stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nordic American shares will generate the highest return on investment. By undertsting and applying Nordic American stock market strength indicators, traders can identify Nordic American Tankers entry and exit signals to maximize returns
| Accumulation Distribution | 430132.0 | |||
| Daily Balance Of Power | (0.92) | |||
| Rate Of Daily Change | 0.82 | |||
| Day Median Price | 2.3 | |||
| Day Typical Price | 2.22 | |||
| Price Action Indicator | (0.46) | |||
| Period Momentum Indicator | 1.71 |
Nordic American Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nordic American's price direction in advance. Along with the technical and fundamental analysis of Nordic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nordic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.84) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nordic American Tankers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Nordic American Tankers 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 the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Nordic Stock analysis
When running Nordic American's 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 the 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.
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |
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 (0.50) | Dividend Share 0.46 | Earnings Share 0.47 | Revenue Per Share 1.256 | Quarterly Revenue Growth (0.76) |
The market value of Nordic American Tankers 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 if Nordic American is a good investment 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.