TRMD Stock Summary and Trading Ideas (Torm PLC - Class A | NASDAQ:TRMD)

TORM PLC operates as a shipping company. The company owns and operates product tankers. It is engaged in the transportation of refined oil products The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products. Its segments include the Tanker segment, and Marine Exhaust segment.

Torm PLC - Class A trades on the NASDAQ stock market under the symbol TRMD.

As of April 23, 2024, TRMD stock price climbed to $33.35 with 487,794 million shares trading.

TRMD has a beta of -0.14, meaning it tends to be less sensitive to market movements. TRMD has a correlation of 0.00 to the broad based SPY ETF.

TRMD has a market cap of $3.11 billion. This is considered a Mid Cap stock.

Last quarter Torm PLC - Class A reported $388 million in Revenue and $2.11 earnings per share. This beat revenue expectation by $98 million and exceeded earnings estimates by $.37.

In the last 3 years, TRMD stock traded as high as $37.11 and as low as $6.17.

The top ETF exchange traded funds that TRMD belongs to (by Net Assets): ONEQ, FTQI, FTLS, SEA, PDN.

TRMD has underperformed the market in the last year with a return of +20.2%, while the SPY ETF gained +24.3%. In the last 3 month period, TRMD fell short of the market, returning -2.1%, while SPY returned +4.9%. However, in the most recent 2 weeks TRMD has outperformed the stock market by returning -1.0%, while SPY returned -2.5%.

TRMD support price is $32.17 and resistance is $33.37 (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 TRMD stock will trade within this expected range on the day.