While this happened, Jefferies upgraded its Nordic American Tankers Ltd [NAT] rating to a Buy from a a Hold in a research note published on September 06, 2022; the price target was increased to $4 from $3. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late July with a ‘”a Hold”‘ rating. Evercore ISI revised its rating on May 25, 2021. It rated NAT as “an In-line” which previously was an “an Underperform”.
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Price Performance Review of NAT
On Tuesday, Nordic American Tankers Ltd [NYSE:NAT] saw its stock fall -1.24% to $3.98. Over the last five days, the stock has lost -0.75%. Nordic American Tankers Ltd shares have fallen nearly -5.24% since the year began. Nevertheless, the stocks have risen 6.99% over the past one year. While a 52-week high of $4.83 was reached on 01/12/24, a 52-week low of $3.45 was recorded on 04/23/24. SMA at 50 days reached $4.02, while 200 days put it at $4.14. A total of 1.59 million shares were traded, compared to the trading of 1.33 million shares in the previous session.
Levels Of Support And Resistance For NAT Stock
The 24-hour chart illustrates a support level at 3.94, which if violated will result in even more drops to 3.89. On the upside, there is a resistance level at 4.01. A further resistance level may holdings at 4.03. The Relative Strength Index (RSI) on the 14-day chart is 44.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.70%. Stochastics %K at 33.41% indicates the stock is a holding.
The most recent change occurred on March 29, 2021 when H.C. Wainwright began covering the stock and recommended ‘”a Neutral”‘ rating along with a $3.75 price target.
