U.S. stocks traded lower in another volatile session toward the end of trading on Monday, amid the ongoing Russia-Ukraine conflict, which has led to increased U.S. sanctions on Russia.
U.S. stocks opened mostly higher this morning after recording gains in the previous session. Russian forces have advanced to the outskirts of Kyiv, the capital of Ukraine. Saboteurs are already in the city, according to Ukrainian President Volodymyr Zelensky.
Companies Reporting Before The Bell
• ACM Research (NASDAQ:ACMR) is estimated to report quarterly earnings at $0.64 per share on revenue of $89.53 million.
Nordic American Tankers (NYSE:NAT) is set to give its latest quarterly earnings report on Friday, 2022-02-25. Here's what investors need to know before the announcement.
Analysts estimate that Nordic American Tankers will report an earnings per share (EPS) of $-0.12.
Shares of Nordic American Tankers (NYSE:NAT) fell by 16.76% in the past three months. Before we understand the importance of debt, let us look at how much debt Nordic American Tankers has.
On the NAT website, you will see our press release of July 28, 2021, referring to our program to adjust our fleet.
Accordingly, we announced the sale of "Nordic Sirius" (2000 built) on October 6,
Alexander Hansson, Board member in Nordic American Tankers Ltd and son of Herbjorn Hansson, the NAT Founder, Chairman and CEO, has today bought 50,000 share in NAT at $1.8833 per share.
Following the purchase
Nordic American Tankers (NYSE:NAT) reported quarterly losses of $(0.22) per share which missed the analyst consensus estimate of $(0.16) by 37.5 percent. This is a 214.29 percent decrease over losses of $(0.07) per share
Toward the end of trading Friday, the Dow traded up 1.49% to 34,346.53 while the NASDAQ rose 0.75% to 14,556.92. The S&P also rose, gaining 1.18% to 4,358.52.