15 Best Beaten Down Stocks to Invest In

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1) TORM plc (NASDAQ:TRMD)

% Decline on a YTD Basis: ~33.6%

Number of Hedge Fund Holders: 25

TORM plc (NASDAQ:TRMD) is a shipping company, which owns and operates a fleet of product tankers in the United Kingdom. TORM plc (NASDAQ:TRMD)’s stock has faced challenges in the recent past as a result of market weakness. The seasonal fluctuations in freight rates, mainly in the product tanker sector, weighed over the earnings.

The company’s TCE (time charter equivalent) earnings are expected to be in the range of US$1,110 – US$1,160 million as compared to the previous guidance of $1150 million – $1350 million. Moreover, global economic uncertainties resulted in reduced optimism for near-term shipping demand.

Despite market volatility, TORM pic (NASDAQ:TRMD) is optimistic about the future, expecting continued positive rate environments and a tightening supply-demand balance. Wall Street analysts believe that global demand for refined petroleum products should increase, supported by longer trade routes due to geopolitical factors. This growth in ton-mile demand is expected to benefit TORM plc (NASDAQ:TRMD) because of its large fleet of product tankers.

The company continues to invest in fleet growth and modernization. Its emphasis on large, fuel-efficient vessel classes places it well to capture higher freight rates and serve growing global markets. Wall Street analysts gave an average price target of $34.45 on the shares of TORM plc (NASDAQ:TRMD).

While we acknowledge the potential of TRMD as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than TRMD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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