Time to ShortInsider news, Torm is struggling with old fleet with many offhire comparing with previous quarter.
USA inventory higher than expected, Baltic weekly news indicates poor freights for MR ships.
Target 22.5$
Next report date
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Report period
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EPS estimate
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Revenue estimate
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8.17 USD
661.34 M USD
1.55 B USD
51.64 M
About TORM PLC A
Sector
Industry
CEO
Jacob Balslev Meldgaard
Website
Headquarters
London
Founded
2015
ISIN
GB00BZ3CNK81
FIGI
BBG00JG0MYJ1
TORM Plc engages in the business of transporting clean and dirty petroleum products. It operates under the Tanker and Marine Exhaust segments. The Tanker segment focuses on the transportation of refined oil products such as gasoline, jet fuel, and naphtha. The Marine Exhaust segment includes developing and producing advanced and green marine equipment. The company was founded by Ditlev E. Torm and Christian Schmiegelow in 1889 and is headquartered in London, the United Kingdom.
TRMD -- Long--Up trend, breakout of a W pattern
--Re-claim 21 ema, help support at 50 ema and bottom trend line
--Not much re-action on the CPI report, Open higher on last closes
--MACD shows entry signal, RSI above 50
--Entry: 1.25%-2% above previous closes (safe play)
--Avoid if show choppy price action.
--C
RSI DiversionTorm is a U.K.-based refined-oil shipping company with a fully owned fleet of more than 80 vessels. In August, Torm reported time charter equivalent rates more than doubled in the second quarter, and company management said the market has been even better so far in the third quarter. In fact, the st
TORM - BreakoutMissed TORM breakout now at least 30% up from base. Could be parabolic still. Need to watch. Probably can catch at when 8 EMA pinch or near 20EMA on daily.
TRMD , Great technical strength This is a buy on breakup for me .
All lights are green
We have a recent entry into an uptrend that is also consistent with the correlating sector , wonderful volume confirmation and a strengthening RSI . A+ for me .
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Frequently Asked Questions
The current price of TRMD is 23.97 USD — it has decreased by −3.31% in the past 24 hours. Watch TORM plc stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NASDAQ exchange TORM plc stocks are traded under the ticker TRMD.
TRMD stock has fallen by −9.27% compared to the previous week, the month change is a −25.19% fall, over the last year TORM plc has showed a −21.97% decrease.
We've gathered analysts' opinions on TORM plc future price: according to them, TRMD price has a max estimate of 45.60 USD and a min estimate of 26.67 USD. Watch TRMD chart and read a more detailed TORM plc stock forecast: see what analysts think of TORM plc and suggest that you do with its stocks.
TRMD reached its all-time high on Apr 21, 2020 with the price of 48.86 USD, and its all-time low was 4.37 USD and was reached on Oct 15, 2018. View more price dynamics on TRMD chart.
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See other stocks reaching their highest and lowest prices.
TRMD stock is 4.71% volatile and has beta coefficient of 0.68. Track TORM plc stock price on the chart and check out the list of the most volatile stocks — is TORM plc there?
Today TORM plc has the market capitalization of 2.34 B, it has decreased by −3.01% over the last week.
Yes, you can track TORM plc financials in yearly and quarterly reports right on TradingView.
TORM plc is going to release the next earnings report on Mar 12, 2025. Keep track of upcoming events with our Earnings Calendar.
TRMD earnings for the last quarter are 1.35 USD per share, whereas the estimation was 1.33 USD resulting in a 1.72% surprise. The estimated earnings for the next quarter are 1.16 USD per share. See more details about TORM plc earnings.
TORM plc revenue for the last quarter amounts to 372.10 M USD, despite the estimated figure of 274.01 M USD. In the next quarter, revenue is expected to reach 263.32 M USD.
TRMD net income for the last quarter is 132.26 M USD, while the quarter before that showed 193.13 M USD of net income which accounts for −31.52% change. Track more TORM plc financial stats to get the full picture.
As of Nov 9, 2024, the company has 370.00 employees. See our rating of the largest employees — is TORM plc on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. TORM plc EBITDA is 881.75 M USD, and current EBITDA margin is 50.47%. See more stats in TORM plc financial statements.
Like other stocks, TRMD shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade TORM plc stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So TORM plc technincal analysis shows the strong sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating TORM plc stock shows the sell signal. See more of TORM plc technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.