International Seaways: It's Not All Smooth Sailing (Technical Analysis)

Bay Area Ideas
2K Followers
(11min)

Summary

  • International Seaways' technical outlook is bullish, with a recent uptrend, strong support levels, and positive momentum indicators suggesting further upside potential.
  • Despite technical strength, fundamentals are weak: Q1 earnings showed significant declines in revenue, EPS, and cash flow, reflecting business challenges.
  • The current P/S ratio is elevated and appears unjustified given deteriorating revenue growth, making the stock look overvalued relative to sector peers.
  • I rate International Seaways as a hold, balancing weak fundamentals with strong technicals and an attractive 10%+ dividend yield.

The oil tanker in the high sea

Dikuch

Intro

International Seaways, Inc. (NYSE:INSW) has been punished in the past 52 weeks as declines total nearly 40% during this period. In the below analysis, it was determined that the technical rebound is a promising one as further gains seem

This article was written by

2K Followers
I'm a full-time investor with a strong focus on the tech sector. I graduated with a Bachelor of Commerce Degree with Distinction, major in Finance. I'm also a proud lifetime member of the Beta Gamma Sigma International Business Honour Society.My motto is John Pierpont Morgan's phrase: 'First-Class Business In A First-Class Way.' I strive to be a premier provider of technical analysis articles on Seeking Alpha by sharing high-quality in-depth pieces with our community of readers.My core values are: Excellence, Integrity, Transparency, & Respect. I always, to the best of my ability, hold true to these values which I believe are key for long-term success.Lastly, I would like to invite all of my readers to leave their constructive criticism and feedback in the comments section so that I can further enhance the quality of my work moving forward. Thank you and God Bless America!

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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