Scorpio Tankers Inc. (NYSE:STNG), with a trailing 12-month price-to-sales ratio of 2.21, is now among the bigger bargains in its industry. The broad Shipping industry has an average P/S ratio of 3.07, which is significantly better than the sector’s 12.82. In the past 12-year record, this ratio went down as low as 0.85 and as high as 7.66. Also, it is down from 51% of the total 736 rivals across the globe.
STNG traded at an unexpectedly low level on 04/12/2019 when the stock experienced a 1.48% gain to a closing price of $24.07. The company saw 1.89 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 941.53 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 107.73% move, based on the high target price ($50) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $31.07 price target, but the stock is already up 63.19% from its recent lows. However, the stock is trading at -25.94% versus recent highs ($32.5). Analysts believe that we could see stock price minimum in the $23 range (lowest target price), allowing for another -4.45% drop from its current position. Leading up to this report, we have seen a 36.92% rise in the stock price over the last 30 days and a 21.57% increase over the past 3 months. Overall, the share price is up 36.76% so far this year. Additionally, the stock had a day price range of $23.41 to $24.41.Scorpio Tankers Inc. (STNG) Price Potential
Heading into the stock price potential, Scorpio Tankers Inc. needs to grow just 24.64% to cross its median price target of $30. In order to determine directional movement, the 50-day and 200-day moving averages for Scorpio Tankers Inc. (NYSE:STNG) are $19.26 and $18.96. Given that liquidity is king in the short-term, STNG is a stock with 51.18 million shares outstanding that normally trades 7.23% of its float. The stock price recently experienced a 5-day gain of 23.44% with 0.88 average true range (ATR). STNG has a beta of 0.99 and RSI is 80.95.
Investors also need to beware of the Versum Materials, Inc. (NYSE:VSM) valuations. The stock trades on a P/S of 3.89, which suggests that the shares are not attractive compared with peers. The broad Communication Equipment industry has an average P/S ratio of 1.82, which is significantly better than the sector’s 12.78. In the past 6-year record, this ratio went down as low as 2.03 and as high as 4.15. Also, it is down from 80% of the total 1085 rivals across the globe.Versum Materials, Inc. (VSM)’s Lead Over its Technicals
Versum Materials, Inc. by far traveled 107.83% versus a 1-year low price of $25.02. The share price was last seen 0.17% higher, reaching at $52 on Apr. 12, 2019. At recent session, the prices were hovering between $51.9 and $52.1. This company shares are -6.4% up from its target price of $48.67 and the current market capitalization stands at $5.66B. The recent change has given its price a 13.88% lead over SMA 50 and 0.02% lead over its 52-week high. The stock witnessed 5.26% gains, 76.33% gains and 59.26% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VSM’s volatility during a week at 0.34% and during a month it has been found around 0.9%.Versum Materials, Inc. (NYSE:VSM) Intraday Metrics
Versum Materials, Inc. (VSM) exchanged hands at an unexpectedly high level of 5.49 million shares over the course of the day. Noting its average daily volume at 2.16 million shares each day over the month, this signifies a pretty significant change over the norm.Versum Materials, Inc. Target Levels
The market experts are predicting a 7.69% rally, based on the high target price of $56 for Versum Materials, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $44 range (lowest target price). If faced, it would be a -15.38% drop from its current position. Overall, the share price is up 87.59% year to date [T2].