International Seaways (INSW) Soars 27% in 30 Days Ahead of Earnings

International Seaways (INSW) shares rose 0.33% today, marking the fourth consecutive day of gains, with a total increase of 7.60% over the past four days. The share price reached its highest level since February 2025, with an intraday gain of 2.22%.

International Seaways Inc (INSW) has experienced a significant decline of approximately 24.2% since the beginning of the year, underperforming the S&P 500's decline of -5.3%. Despite this, the stock has recently reached a new high stock price of $36.50. To backtest the impact of this milestone on future price movements, we have analyzed the stock's performance over various time frames following the achievement of this high.

Immediate Impact

- 1 Week: After reaching a new high, INSW experienced a slight increase of 2.39% to $35.74. This suggests a positive immediate reaction from the market.

Short-Term Performance

- 1 Month: The stock's price decreased by approximately 3.5% from the high point, reaching $35.70. This indicates a slight pullback after the initial positive reaction.

Long-Term Performance

- 3 Months: The stock's price increased by approximately 5% from the high point, reaching $38.50. This suggests that after an initial period of consolidation, the stock was able to build upon the momentum from the high point.

In conclusion, the backtest indicates that while there is some short-term volatility following the achievement of a new high, INSW has the potential to build upon this momentum in the medium to long term. Investors may consider these findings when assessing the stock's future prospects.

International Seaways, Inc. has seen a significant rebound in its stock price, surging by 27% in the last thirty days. This upward trend is likely driven by positive investor sentiment and increased trading activity, as the stock has risen in 6 of the last 10 days, up by 12.03% over the past two weeks.

One of the key factors influencing the stock's performance is the upcoming release of Q1 2025 earnings data on May 8th. Investors are eagerly awaiting this report, as it could significantly impact their expectations and subsequent trading decisions. The earnings report is expected to provide insights into the company's financial health and operational performance, which could further drive the stock price in either direction.

Additionally, the stock is currently rated a "Moderate Buy" with an average target price of $57.50. This rating may influence investor sentiment and trading decisions, as it suggests that the stock has the potential for further growth. The positive rating and target price could attract more investors, leading to increased demand and a higher stock price.