Further Upside Possible: Nordic American Tankers Limited (NAT), Cree, Inc. (CREE)

Nordic American Tankers Limited (NYSE:NAT) is now -38.62% away from its 1-year high and 17.68% higher than its 1-year low price. In the past seven days, the stock price volatility for Nordic American Tankers Limited was 7.11%, whereas its volatility in the past 30 days has been 5.02%. This public company’s stock also has a beta score of 0.53. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

Nordic American Tankers Limited (NYSE:NAT) most recently published its quarterly earnings results. The firm posted -$0.17 earnings per share (EPS) for the three-month period, missing analysts’ consensus estimate of -$0.12 by $0.05. The publicly-traded organization reported revenue of $23.19 million for the quarter, compared to the average analyst forecast calling for $26.54 million, which was missing the analyst consensus estimate.

Shares of Nordic American Tankers Limited (NAT) surged 1.43%, amounting to a gain of $0.03 per share, to finish the regular trading session at $2.13 on Wednesday 02/13/2019. After beginning the session at $2.09, shares of Nordic American Tankers Limited reached as high as $2.2 during the day, while hitting a 1-day low of $2.04. Trade volume reached 1,245,266 shares against this stock’s average daily volume of 1.44M shares, with a total float of 138.11M. As a consequence of the price increase, Nordic American Tankers Limited now has a current market value of 307.34M.

Cree, Inc. (NASDAQ:CREE) subtracted -0.17% to its trading price by the close of the most recent session, dropping from its previous closing price of $52.13 to $52.04. This stock increased in value by -0.31% during the last 7-day period, and experienced a loss of 11.91% over the past 30-day period. In the past three months, this stock’s price grew by 19.71% , and added 3.50% to its price during the last six months of trading. CREE demonstrated a yearly price gain of 55.16% , while its year-to-date (YTD) price performance has been up 21.66% . This stock’s price changed by +34.59% compared to its 90-day low, and moved down -1.59% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the CREE stock as “Buy”. In the short-term, Cree, Inc. (CREE) has a 20-day average volume of 1,425,185 shares and short-term indicators sets the CREE stock as “ 80% Buy ” on average basis. In the medium-term, CREE stock has a 50-Day average volume of 1,356,258 shares and medium-term indicators gave the average rating of “ 100% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 1,578,874 shares. On average, long-term indicators rated the stock as “100% Buy ”. The overall picture from all short, medium and long-term indicators sets the CREE stock as “96% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on CREE. JMP Securities, for example, Downgrade its rating on shares of Cree, Inc. from “Mkt Outperform ” to a “ Mkt Perform”according to a research note from Tuesday January 29th, 2019. while giving the stock a “ Underweight” from “Neutral ” rating, as stated in a research report from Friday, November 30th, 2018. Goldman, on the other hand, Upgrade a from “Neutral ” to “ Buy” rating on this stock in a research note dated Friday, November 9th, 2018.

In other news related to Cree, Inc. stock, 0.00% shares of CREE held by institutions. The total number of institutions who held the CREE shares was 395, according to most recent SEC filling. During the past quarter, total 110,934,130 shares held by institutions with the net change of -1,259,175 shares. In the meantime, 24 new institutions bought the shares of Cree, Inc. for the first time and 25 institutions sold all their holdings in the company’s common stock. 93 institutions increased their investment in the CREE stock and 93 institutions decreased their investment in the Cree, Inc. (CREE)’s stock during the last quarter.