NAT
Nordic American Tankers Ltd Industrials Water Transportation Russell 3000
$7.91Close
$1.7BMarket cap
$3.13 – $8.7952-week range
Nov 27, 2026Next report
Highlights
Strengths
- In a stage-2 uptrend all 8 trend conditions pass
- Leading the market RS 96 · stronger than 96% of stocks over 12 months
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
10%
1wk
up 0.6%
price change
1mo
up 0.1%
price change
12-month return
up 132%
market up 11% ·
its own up 119%
F-score
5 / 9
Mixed
Altman Z″
1.98
Moderate risk
P/E
136.5×
price / earnings
PEG
—
P/E / EPS growth
P/B
3.8×
price / book
Earnings yield
up 2.3%
EBIT / enterprise value
Cheaper than
37%
of the market · expensive
Revenue growth
down 17%
year on year
EPS growth
—
latest quarter
Sales growth
—
latest quarter
ROE
up 3%
return on equity
Free cash margin
up 7%
$19.8M FCF
D/E
0.87
long-term debt / equity
Net debt / EBITDA
7.4×
Interest cover
—EBIT / interest
Piotroski tests
- profitability slipped from last year
- took on more long-term debt
- gross margin narrowed
- assets working less efficiently
- profitable on its assets
- generating cash from operations
- profits backed by cash
- short-term liquidity improved
- no new shares issued
Trade setup
ATR%
4.2%
$0.33 a day · 2×ATR $7.24
RS
96 / 99
vs the universe
Trend
8 / 8
trend template
Relative volume
0.8×
vs 50-day average
Up/down volume
1.33
50 sessions
Implied move
—
no option chain · report Nov 27, 2026
Trend template · 8 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Heavily indebted Net debt is 7.4 times EBITDA — roughly 7 years of earnings before interest, tax and depreciation to repay borrowings in full.
- Gross margin narrowing Gross margin fell from 64.4% to 62.3%. The company is keeping less of each dollar of sales than it did a year ago.
- Revenue shrinking Revenue fell 16.6% over the year, from $349.7M to $291.7M.
Financials
- Gross 62%
- Net 4%
- Free cash 7%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $354.6M | $191.1M | $339.3M | $391.7M | $349.7M | $291.7M |
| Gross margin | 66% | 33% | 50% | 67% | 64% | 62% |
| Operating income | $81.2M | -$144.5M | $41.9M | $127.9M | $77.3M | $46.3M |
| Net income | $50.0M | -$171.3M | $15.1M | $98.7M | $46.6M | $12.3M |
| Net margin | 14% | -90% | 4% | 25% | 13% | 4% |
| Earnings per share | $0.34 | -$1.05 | $0.07 | $0.47 | $0.22 | $0.06 |
| Free cash flow | $110.9M | -$44.5M | $24.1M | $139.4M | $128.2M | $19.8M |
| Free cash margin | 31% | -23% | 7% | 36% | 37% | 7% |
| Cash | $57.8M | $34.7M | $59.6M | $31.1M | $39.2M | $45.9M |
| Long-term debt | $334.6M | $283.4M | $266.3M | $269.7M | $248.1M | $388.7M |
| Shareholders' equity | $599.1M | $498.2M | $540.0M | $538.3M | $508.8M | $445.5M |
| Shares outstanding | 151.45m | 183.69m | 208.80m | 208.80m | 211.75m | 211.75m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Apr 29, 2026 | Annual ↗ | Dec 31, 2025 | 119d |
| Apr 29, 2025 | Annual ↗ | Dec 31, 2024 | 119d |
| Sep 30, 2024 | Interim ↗ | Jun 30, 2024 | 92d |
| Apr 29, 2024 | Annual ↗ | Dec 31, 2023 | 120d |
| Sep 29, 2023 | Interim ↗ | Jun 30, 2023 | 91d |
| Apr 27, 2023 | Annual ↗ | Dec 31, 2022 | 117d |
| Sep 30, 2022 | Interim ↗ | Jun 30, 2022 | 92d |
| May 11, 2022 | Annual ↗ | Dec 31, 2021 | 131d |
| Oct 1, 2021 | Interim ↗ | Jun 30, 2021 | 93d |
| Apr 29, 2021 | Annual ↗ | Dec 31, 2020 | 119d |
| Sep 11, 2020 | Interim ↗ | Jun 30, 2020 | 73d |
| Apr 16, 2020 | Annual ↗ | Dec 31, 2019 | 107d |
Current reports
| Filed | Disclosed |
|---|---|
| Sep 28, 2026 | Foreign issuer report ↗ |
| Aug 27, 2026 | Foreign issuer report ↗ |
| Jun 1, 2026 | Foreign issuer report ↗ |
| Mar 2, 2026 | Foreign issuer report ↗ |
| Nov 28, 2025 | Foreign issuer report ↗ |
| Nov 24, 2025 | Foreign issuer report ↗ |
| Sep 30, 2025 | Foreign issuer report ↗ |
| Sep 3, 2025 | Foreign issuer report ↗ |
| Jun 4, 2025 | Foreign issuer report ↗ |
| Mar 5, 2025 | Foreign issuer report ↗ |
| Dec 2, 2024 | Foreign issuer report ↗ |
| Nov 27, 2024 | Foreign issuer report ↗ |