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.
Top 5 Undervalued Stocks To Own In 2023
Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.
Click here to download your Free Research Report…
Sponsored
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.
