Nordic American Tankers Ltd Founder, Chairman CEO buys more share in NAT
| NAT Stock | USD 2.44 0.03 1.21% |
Slightly above 55% of Nordic American's investor base is interested to short. The current sentiment of investing in Nordic American Tankers suggests that many traders are impartial. Nordic American's investing sentiment can be driven by a variety of factors including economic data, Nordic American's earnings reports, geopolitical events, and overall market trends.
Nordic |
Wednesday, December 4, 2024 Dear Shareholders and Investors, This is to inform you that I personally and a company owned and guaranteed by me have today bought 194,341 shares in NAT at the price of USD 2.7802 per share. Following this transaction the Hansson family owns an aggregate of 8,000,000 shares being the largest private shareholder group in the company. Recently, my son, Monaco-based Alexander Hansson, has bought 350,000 shares in NAT, increasing his stake to 3,550,000 shares. Sincerel
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Nordic American Investor Sentiment by Other News Outlets
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Nordic American Fundamental Analysis
We analyze Nordic American's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nordic American using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nordic American based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Nordic American is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Nordic American Tankers Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nordic American stock to make a market-neutral strategy. Peer analysis of Nordic American could also be used in its relative valuation, which is a method of valuing Nordic American by comparing valuation metrics with similar companies.
Peers
Nordic American Related Equities
| ESEA | Euroseas | 3.41 | ||||
| GOGL | Golden Ocean | 1.04 | ||||
| GNK | Genco Shipping | 0.73 | ||||
| SBLK | Star Bulk | 0.54 | ||||
| GSL | Global Ship | 0.19 | ||||
| CMRE | Costamare | 0.24 | ||||
| DAC | Danaos | 0.25 | ||||
| DSX | Diana Shipping | 1.60 | ||||
| OP | Oceanpal | 1.80 |
Additional Tools for Nordic Stock Analysis
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