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Overseas Shipholding Group Inc. (OSG): The stock medium term indicators show it’s time to Buy

Overseas Shipholding Group Inc. (OSG) saw downtrend of -3.97% in the recent trading with $3.39 being its most recent. The current price level -14.07% lower than the highest price of $3.94 marked by the stock while trading over the past 52-weeks, whereas it is 78.13% higher than the lowest price of $1.90 the company dropped to over past 52-weeks. The latest news story on OSG appeared in Business Wire under the title “Overseas Shipholding Group Reports Fourth Quarter and Full Year 2022 Results” on Mar-09-23.

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Squeezing the time span to 30 day period shows us the stock is currently trading -13.30% below one month high and is +2.11% above of the lowest during that time. Looking into the simple moving average, Overseas Shipholding Group Inc. (OSG)’s stock stands at a SMA-50 of $3.58 while that of 5-day is reading $3.54.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and OSG’s SMA-200 as of now is $2.93.

Overseas Shipholding Group Inc. Earnings – What Happened With OSG

Coming around sales and income figures on OSG Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $121.76 billion.

OSG – Overseas Shipholding Group Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 88.17 million. OSG does have institutional investors; and they hold 41.50% of the stock.

Overseas Shipholding Group Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, OSG declared 5,528,922 shares have been sold in 48 insider transactions over the past three months.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Overseas Shipholding Group Inc. has a debt to equity ratio of 1.30.

Technical Analysis of Overseas Shipholding Group Inc. (NYSE:OSG) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Overseas Shipholding Group Inc. (OSG), we notice that the stock’s 20-day average volume is at 369,730 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 558,862 shares. And to end, OSG’s 100-day average volume is 392,716 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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