Why the growth investor may take a look at NASDAQ:TRMD.

In this article we will dive into TORM PLC-A (NASDAQ:TRMD) as a possible candidate for growth investing. Investors should always do their own research, but we noticed TORM PLC-A showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

What matters for canslim investors.

• The recent financial report of TORM PLC-A demonstrates a 1.0K% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• With impressive quarter-to-quarter (Q2Q) revenue growth of 86.34%, TORM PLC-A showcases its ability to generate increased sales and revenue. This growth indicates the company's strong customer demand and its effective business strategies.
• Over the past 3 years, TORM PLC-A has demonstrated 44.72% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• TORM PLC-A demonstrates a strong Return on Equity(ROE) of 42.67%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. TORM PLC-A shows promising potential for continued success.
• The Relative Strength (RS) of TORM PLC-A has consistently been strong, with a current 86.9 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. TORM PLC-A demonstrates promising potential for sustained price momentum.
• TORM PLC-A exhibits a favorable Debt-to-Equity ratio at 0.55. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• TORM PLC-A demonstrates a balanced ownership structure, with institutional shareholders at 78.31%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Technical analysis of NASDAQ:TRMD

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Taking everything into account, TRMD scores 6 out of 10 in our technical rating. In the past year, TRMD was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.

• The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
• In the last month TRMD has a been trading in the 22.63 - 27.37 range, which is quite wide. It is currently trading near the high of this range.
• When comparing the yearly performance of all stocks, we notice that TRMD is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
• TRMD is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 67% of 217 stocks in the same industry.
• TRMD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TRMD is lagging the market slightly.

Our latest full technical report of TRMD contains the most current technical analsysis.

What is the full fundamental picture of NASDAQ:TRMD telling us.

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

Taking everything into account, TRMD scores 7 out of 10 in our fundamental rating. TRMD was compared to 217 industry peers in the Oil, Gas & Consumable Fuels industry. TRMD scores excellent points on both the profitability and health parts. This is a solid base for a good stock. TRMD may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make TRMD a good candidate for value and quality investing.

Our latest full fundamental report of TRMD contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.