TORM plc (NASDAQ:TRMD) does about 274.72K shares in volume on a normal day but saw 206637 shares change hands in Friday trading. The company now has a market cap of 2.62B USD. Its current market price is $32.06, marking an increase of 0.31% compared to the previous close of $31.96. The 52 week high reached by this stock is $32.40 whilst the lowest price level in 52 weeks is $7.11. The script in recent trading has seen the stock touch a high of $32.6699 and a low of $31.76.
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TORM plc (TRMD) has a 20-day trading average at $27.90 and the current price is -1.05% off the 52-week high compared with 350.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $28.23 and its 200-day simple moving average is $21.39. If we look at the stock’s price movements over the week, volatility stands at 3.24%, which increases to 3.64% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.50 to suggest the stock is overbought.
6 analysts observing the TORM plc (TRMD) stock have set the 12-month price targets for the company’s shares at between $33.98 and $42.00. The median price target is 5.73% away from the current levels at $34.01.
FactSet Research has provided data showing that 6 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 6 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 12, 2022 when H.C. Wainwright initiated the stock to “Buy” and issued a price target of $14.
The current price level is 15.83%, 13.85%, and 50.65% away from its SMA20, SMA50, and SMA200 respectively, with the TRMD price moving above the 50-day SMA on February 17. TORM plc (TRMD) stock is up 7.51% over the week and 17.78% over the past month. Its price is 9.91% year-to-date and 308.93% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $2.86 above consensus estimates by $0.33. The company’s next earnings report is expected on 05/16/2023. In addition, estimates put the company’s current quarterly revenue at an average of $369.15 million.
Its 12-month price target is $34.01. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $33.98, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $42.00.
Outstanding shares total 81.84M with insiders holding 0.36% of the shares and institutional holders owning 80.37% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 8.08. Price to book ratio is 1.87 and price to sales ratio is 2.21.
Digital Funds – Stars Europe cut their holdings by -1.26% in the company over the course of the most recent quarter. It now holds a 0.38% position in TORM plc thanks to 0.31 million shares amounting to $7.86 million.