TORM plc (TRMD) concluded trading on 01/19/23 at a closing price of $27.22, with 0.18 million shares of worth about $4.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 89.82% during that period and on Thursday the price saw a gain of about 0.85%. Currently the company’s common shares owned by public are about 81.82M shares, out of which, 27.63M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the TRMD stock and their offered price forecasts bring an average price target of $35.49. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $42.00 and could fall to a lowest price of $33.44. However, touching the estimated high of $42.00 would mean a gain of 35.19% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Fidelity Funds SICAV – Nordic Fun, Vanguard Total International Stoc, and Digital Funds – Stars Europe are the top 3 mutual funds which are holding stakes in TORM plc Fidelity Funds SICAV – Nordic Fun is currently holding 0.79 million shares of worth totaling $22.36 million. The company recently came buying 0.0 shares which brought its stake up to 0.95% of the company’s outstanding shares. Vanguard Total International Stoc bought 8892.0 shares, after which its hold over company’s outstanding shares expand to 0.47%, leaving 0.39 million shares with the mutual fund that have a worth of about $11.01 million. Digital Funds – Stars Europe, after selling 0.32 million shares, have now control over 0.38% of the stake in the company. It holds 17159.0 shares of worth $8.97 million.
TORM plc (NASDAQ: TRMD) started trading at $27.61, above $0.62 from concluding price of the previous day. However, the stock later moved at a day high price of 27.83, or with a gain of 0.85%. Stock saw a price change of 3.54% in past 5 days and over the past one month there was a price change of -11.39%. Year-to-date (YTD), TRMD shares are showing a performance of -6.68% which increased to 263.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.17 but also hit the highest price of $31.65 during that period. The average intraday trading volume for TORM plc shares is 267.58K. The stock is currently trading -3.62% below its 20-day simple moving average (SMA20), while that difference is down -4.39% for SMA50 and it goes to 40.63% higher than SMA200.
TORM plc (NASDAQ: TRMD) currently have 81.82M outstanding shares and institutions hold larger chunk of about 79.17% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $2.23B. PE ratio of stock for trailing 12 months is 6.61, while it has posted earnings per share of $4.12 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TRMD, volatility over the week remained 3.21% while standing at 4.01% over the month.
Analysts are in expectations that TORM plc (TRMD) stock would likely to be making an EPS of -$0.17 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is $0.35 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.17 which is -$0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.01 in the same quarter a year ago.
Analysts at 5 brokerage firms have issued recommendations for the TORM plc (TRMD)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.50. Out of those 5 Wall Street analysts, 5 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on April 12, 2022 offering a Buy rating for the stock and assigned a target price of $14 to it.