Shipping Stocks To Research – November 11th

Viking, Frontline, and Intercont (Cayman) are the three Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are shares of companies that transport goods by sea, such as container-shipping, tanker, and dry-bulk operators. Their performance can be especially sensitive to freight rates, global trade demand, fuel costs, and the supply of available ships. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Viking (VIK)

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.

Shares of VIK traded up $1.83 on Wednesday, reaching $89.91. The company’s stock had a trading volume of 1,882,953 shares, compared to its average volume of 3,121,486. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. Viking has a twelve month low of $56.67 and a twelve month high of $110.09. The stock has a market capitalization of $40.07 billion, a PE ratio of 29.88, a PEG ratio of 1.05 and a beta of 1.39. The firm has a fifty day moving average of $84.09 and a 200-day moving average of $85.65.

Frontline (FRO)

Shares of NYSE FRO traded up $1.52 during midday trading on Wednesday, reaching $45.39. The company’s stock had a trading volume of 2,495,283 shares, compared to its average volume of 3,464,291. Frontline has a 12-month low of $20.47 and a 12-month high of $59.75. The firm has a 50 day moving average price of $50.85 and a 200-day moving average price of $39.85. The stock has a market capitalization of $10.11 billion, a P/E ratio of 6.81 and a beta of 0.19. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.87.

Intercont (Cayman) (NCT)

Intercont (Cayman) Ltd. is a holding company, which engages in the provision of global maritime shipping services through its subsidiaries. Its services include time chartering and vessel management. The company was founded on July 4, 2023 and is headquartered in Hong Kong.

Shares of NCT traded up $0.48 on Wednesday, reaching $0.89. 67,552,550 shares of the company’s stock traded hands, compared to its average volume of 500,239. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s 50 day simple moving average is $8.45 and its two-hundred day simple moving average is $65.81. Intercont has a 52-week low of $0.34 and a 52-week high of $706.25.