Research Analysts' Weekly Ratings Updates for Nordic American Tanker (NAT)

Marco Green
March 17, 2018

Nordic American Tanker Shipping Ltd (NAT) now has a 14-day Commodity Channel Index (CCI) of 108.56. Technical analysis of stocks and trends has been used by serious traders for decades.

Investors are paying close attention to shares of Nordic American Tanker Shipping Ltd (NAT).

Chart patterns can be hard to read given the volatility in price movements of NAT.

A moving average can help cut down the amount of "noise" on a price chart.

Shares of Nordic American Tanker Shipping Ltd (NYSE:NAT) now have an Average Brokerage Recommendation of 3.29, number of Recs in ABR is 7 while industry rank of the company by ABR is 234 out of 265. Cacti Asset Mngmt Lc accumulated 91,650 shares or 0.19% of the stock. If we checked progress of the long term moving average 200 SMA, then we noticed downtrend created which can be described as recent trading price is below the 200 SMA level. With 1.74M avg volume, 3 days are for Nordic American Tankers Limited (NYSE:NAT)'s short sellers to cover NAT's short positions. Latest trading price was -6.77% downbeat to its 50-day moving average and below -49.93% to its 200-day moving average.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices.

Nordic American Tanker had its price target lowered by analysts at Credit Suisse Group AG from $4.00 to $2.00. (3) A sideways trend, where the price is moving sideways. Moving averages can be very useful for identifying peaks and troughs. About 118.72 million shares traded or 30.79% up from the average. They expect $0.12 earnings per share, down 42.86% or $0.09 from last year's $0.21 per share. The stock hit its 52-week high price on 03/31/17, and 52-week low price on 02/09/18. Volume gives an investor an inspiration of the price action of a security and whether he should buy or sell the security. Nordic American Tanker Shipping had 29 analyst reports since August 12, 2015 according to SRatingsIntel.

Several equities analysts have recently commented on the company. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target. Last trading transaction put the stock price at $2.18. A value between 70 and 100 is considered overbought; hence the trader should look at selling opportunities. Nordic American Tankers Limited (NYSE:NAT) has declined 48.16% since March 16, 2017 and is downtrending. The company had revenue of $39.10 million during the quarter.

Nordic American Tanker Shipping Ltd (NYSE:NAT)'s shares slipped -0.88% in the past week and soared 4.67% in the last 4 weeks, historically the stock illustrate that its six months performance stands at -58.6% while its year to date performance is at -8.94%. Beta value of the stock stands at 1.2. The stock of Nordic American Tankers Limited (NYSE:NAT) has "Sell" rating given on Tuesday, August 8 by Maxim Group. ATR is a volatility indicator. It can either be calculated by means of the standard deviation or variance between returns from that same security or market index. There is no concrete way to calculate a price target. Of course, everybody preaches the buy low sell high mantra, but it is much easier said than done. Active investors may choose to use this technical indicator as a stock evaluation tool.

When we see the company's Volatility, it now has a monthly volatility of 4.96% and weekly volatility of 4.22%.

Over the past week, the company showed volatility of 3.93%.

Nordic American Tanker pays an annual dividend of $0.12 per share and has a dividend yield of 5.5%. The stock price dropped with downswing change of -1.13% when it was compared to 20-day moving average. The Rule of thumb is higher the volatility, the riskier the security. There are numerous metrics that measure volatility in differing contexts, and each trader has favorites. For example, if a stock's beta is 1.2, it's theoretically 20% more volatile than the market. Getting caught up in the day to day market swings can lead the investor to do just the opposite and become a hot stock chaser instead of a disciplined decision maker. Clarkson Capital upgraded Nordic American Tanker from a "neutral" rating to a "buy" rating in a research note on Friday, January 5th.

According to the recommendations from 7 analysts stock has mean rating of 3.29 on the shares of Pennsylvania Real Estate Investment (NYSE:PEI). Analyst rating score as published on FINVIZ are rated on a 1 to 5 scale.

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