Nordic American Tankers Stock Today
| NAT Stock | USD 3.78 0.02 0.53% |
Performance0 of 100
| Odds Of DistressLess than 1
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Nordic American is selling for under 3.78 as of the 24th of April 2024; that is 0.53 percent increase since the beginning of the trading day. The stock's last reported lowest price was 3.72. Nordic American has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Nordic American Tankers are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 30th of September 1997 | Category Industrials |
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. The company was incorporated in 1995 and is based in Hamilton, Bermuda. Nordic American operates under Marine Shipping classification in the United States and is traded on New York Stock Exchange. The company has 208.8 M outstanding shares of which 8.25 M shares are now shorted by investors with about 2.56 days to cover. More on Nordic American Tankers
Moving against Nordic Stock
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| 0.74 | NMM | Navios Maritime Partners Financial Report 28th of May 2024 | PairCorr |
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Follow Valuation Options Odds of Bankruptcy
Financial Report 27th of May 2024
Nordic Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nordic American's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nordic American or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Herbjorn Hansson | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Transportation (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Storage & Transportation, Marine Shipping, Industrials, NYSE Composite, Transportation, Energy, Oil, Gas & Consumable Fuels, Marine Shipping, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Nordic American report their recommendations after researching Nordic American's financial statements, talking to executives and customers, or listening in on Nordic American's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Nordic American Tankers. The Nordic consensus assessment is calculated by taking the average forecast from all of the analysts covering Nordic American. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Nordic American's profitability, liquidity, and operating efficiency, Nordic American Tankers is performing exceptionally good at this time. It has a great risk to report excellent financial results in May. Financial strength of Nordic American Tankers is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Nordic American's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Nordic American's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nordic American's financial leverage. It provides some insight into what part of Nordic American's total assets is financed by creditors.
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Nordic American Tankers (NAT) is traded on New York Stock Exchange in USA. It is located in Swan Building, Hamilton, Bermuda, HM12 and employs 14 people. Nordic American is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 785.07 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nordic American's market, we take the total number of its shares issued and multiply it by Nordic American's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nordic American Tankers runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 208.8 M outstanding shares of which 8.25 M shares are now shorted by investors with about 2.56 days to cover.
Nordic American Tankers has about 59.58 M in cash with 139.44 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18.
Check Nordic American Probability Of Bankruptcy
Ownership AllocationNordic American Tankers maintains a total of 208.8 Million outstanding shares. 30% of Nordic American outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Nordic Ownership Details
Nordic Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Nordic American jumping above the current price in 90 days from now is under 95%. The Nordic American Tankers probability density function shows the probability of Nordic American stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Nordic American has a beta of 0.2755. 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 Tankers will be expected to be much smaller as well. Additionally, nordic American Tankers has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Nordic American to move above the current price in 90 days from now is under 95 (This Nordic American Tankers probability density function shows the probability of Nordic Stock to fall within a particular range of prices over 90 days) .
Nordic Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Nordic American that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nordic American's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nordic American's value.| Instituion | Recorded On | Shares | |
| American Century Companies Inc | 2023-12-31 | 1.8 M | |
| Northern Trust Corp | 2023-12-31 | 1.5 M | |
| Vanguard Group Inc | 2023-12-31 | 1.4 M | |
| Millennium Management Llc | 2023-12-31 | 1.3 M | |
| Amvescap Plc. | 2023-12-31 | 1.2 M | |
| Greylin Investment Mangement Inc | 2023-12-31 | 1.1 M | |
| Acadian Asset Management Llc | 2023-12-31 | 1.1 M | |
| Numerai Gp Llc | 2023-09-30 | 1.1 M | |
| Canada Pension Plan Investment Board | 2023-12-31 | 1 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 15.1 M | |
| Blackrock Inc | 2023-12-31 | 12.2 M |
Nordic American Historical Income Statement
Nordic American Tankers Income Statement is one of the three primary financial statements used for reporting Nordic's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Nordic American Tankers revenue and expense. Nordic American Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Nordic American's Net Income is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 162.2 M in 2024, whereas Total Revenue is likely to drop slightly above 195.4 M in 2024. View More FundamentalsNordic Stock Against Markets
Picking the right benchmark for Nordic American stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nordic American stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nordic American is critical whether you are bullish or bearish towards Nordic American Tankers at a given time. Please also check how Nordic American's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Nordic American without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Nordic American Corporate Directors
Nordic American corporate directors refer to members of a Nordic American board of directors. The board of directors generally takes responsibility for the Nordic American's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nordic American's board members must vote for the resolution. The Nordic American board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Gibbons | Independent Director | Profile | |
| Richard Vietor | Non-Executive Director | Profile | |
| Jan Langangen | Executive VP of Bus. Devel. and Legal and Director | Profile | |
| David Workman | Non-Executive Director | Profile |
How to buy Nordic Stock?
Before investing in Nordic American, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nordic American. To buy Nordic American stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nordic American. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nordic American stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nordic American Tankers stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nordic American Tankers stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nordic American Tankers, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Nordic Stock please use our How to Invest in Nordic American guide.
Already Invested in Nordic American Tankers?
The danger of trading Nordic American Tankers is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nordic American is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nordic American. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nordic American Tankers is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Nordic American Tankers is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nordic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nordic American Tankers Stock. Highlighted below are key reports to facilitate an investment decision about Nordic American Tankers Stock: 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.
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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 (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.