Trading at 60% below its fair value
Earnings are forecast to grow 70% per year
250% return over the past year
NAT is forecast to become profitable over the next 3 years
NAT’s short term assets exceed its short term liabilities
NAT has sufficient cash runway for more than 3 years
NAT’s dividends in 3 years are forecast to be covered by earnings
Friday's daily candle closed above the 20 EMA which had been acting as resistance during the selloff since May. Just above the close is the upper end of a downward sloping parallel channel which requires a break of $4.8 to be a true breakout. With NAT residing above the 200 EMA, appearing to have put a bottom in at $4.25 and with the MACD signal showing a sharp...
18M shorts moved in at 9$.
Will take 3 days to leave their short positions.
Thats why it's down 50% from high's.
Shorts will give this stock back wind to accelerate the price im waiting for a 3 day - climb up from the shorts leaving this stock.
It might happen after div payouts.
We will soon be over 9$.
People say this is a junk stock, BUT I beg to differ. I have been watching this one, and I believe the bounce will happen, and when it does, it's going to rip. I haven't jumped in yet, but I am waiting and watching.
Nordic American Tankers Ltd. is an international tanker company. It owns and operates Suezmax crude oil tankers. The company was founded by Herbjorn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.