Will Nordic American Tanker (NAT) be worth $8 in the next year?
What’s up with Nordic American Tanker?
Nordic American Tanker (NAT) opened at $5.01, which means the stock is down 1.31% from yesterday’s closing price of 4.95. Today, the company has a high of $5.01 and a low of $4.74. The company has a market cap of $718.49 million with a 52-week high of $9.00 and a 52-week low of $1.66.
What about the future for Nordic American Tanker?
The high forecast for Nordic American Tanker is $8.00 while the low is $2.50. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Nordic American Tanker has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy. Based on this information NAT seems to be a risky buy.
About Nordic American Tanker
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.