INSW Stock Summary and Trading Ideas (International Seaways Common | NYSE:INSW)

International Seaways Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2, and MR product carriers.

International Seaways Common trades on the NYSE stock market under the symbol INSW.

As of April 18, 2024, INSW stock price declined to $51.61 with 362,135 million shares trading.

INSW has a beta of -0.38, meaning it tends to be less sensitive to market movements. INSW has a correlation of 0.02 to the broad based SPY ETF.

INSW has a market cap of $2.52 billion. This is considered a Mid Cap stock.

Last quarter International Seaways Common reported $251 million in Revenue and $2.18 earnings per share. This beat revenue expectation by $14 million and exceeded earnings estimates by $.08.

In the last 3 years, INSW stock traded as high as $55.59 and as low as $13.05.

The top ETF exchange traded funds that INSW belongs to (by Net Assets): VTI, IWM, AVUV, VB, VXF.

INSW has outperformed the market in the last year with a return of +33.8%, while the SPY ETF gained +22.3%. However, in the most recent history, INSW shares have underperformed the stock market with its stock returning +2.4% in the last 3 month period and -6.4% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

INSW support price is $51.83 and resistance is $53.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INSW stock will trade within this expected range on the day.