EuroDry (EDRY) Stock Price, News & Analysis

Company Overview

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.

Key Stats

• Today's Range: $18.70 to $19.64
• 50-Day Range: $19.52 to $21.00
• 52-Week Range: $14.46 to $24.84
• Volume: 5,020 shs
• Average Volume: 8,909 shs
• Market Capitalization: $55.35 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $30.00
• Consensus Rating: Strong Buy

EuroDry Stock Analysis - MarketRank™

EuroDry scored higher than 78% of companies evaluated by MarketBeat, and ranked 44th out of 124 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

EuroDry has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

EuroDry has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for EuroDry are expected to grow in the coming year, from ($0.65) to $5.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of EuroDry is -22.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of EuroDry is -22.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

EuroDry has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.08% of the float of EuroDry has been sold short.

Short Interest Ratio / Days to Cover

EuroDry has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in EuroDry has recently decreased by 44.44%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

EuroDry does not currently pay a dividend.

Dividend Growth

EuroDry does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.08% of the float of EuroDry has been sold short.

Short Interest Ratio / Days to Cover

EuroDry has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in EuroDry has recently decreased by 44.44%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: N/A

News Sentiment

EuroDry has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 1 news article for EuroDry this week, compared to 1 article on an average week.

MarketBeat Follows

2 people have added EuroDry to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, EuroDry insiders have not sold or bought any company stock.

Percentage Held by Insiders

51.40% of the stock of EuroDry is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 2.44% of the stock of EuroDry is held by institutions.

EDRY Stock Analysis - Frequently Asked Questions

How have EDRY shares performed this year?

EuroDry's stock was trading at $19.05 at the beginning of the year. Since then, EDRY shares have increased by 2.4% and is now trading at $19.5159.
View the best growth stocks for 2024 here.

How were EuroDry's earnings last quarter?

EuroDry Ltd. (NASDAQ:EDRY) announced its earnings results on Thursday, August, 8th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of $0.58 by $0.75. The firm earned $17.44 million during the quarter, compared to analyst estimates of $17.89 million. EuroDry had a negative trailing twelve-month return on equity of 2.08% and a negative net margin of 4.11%.

How do I buy shares of EuroDry?

Shares of EDRY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of EuroDry own?

Based on aggregate information from My MarketBeat watchlists, some other companies that EuroDry investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Jabil (JBL), e.l.f. Beauty (ELF), Adobe (ADBE) and Disc Medicine (IRON).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Water transportation
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:EDRY
• CUSIP: N/A
• CIK: 1731388
• Web: www.eurodry.gr
• Phone: 302111804005
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.00
• High Stock Price Target: $30.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: +53.7%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.14)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-2,910,000.00
• Net Margins: -4.11%
• Pretax Margin: -4.85%
• Return on Equity: -2.08%
• Return on Assets: -1.11%

Debt

• Debt-to-Equity Ratio: 0.72
• Current Ratio: 0.98
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $57.77 million
• Price / Sales: 0.96
• Cash Flow: $3.86 per share
• Price / Cash Flow: 5.05
• Book Value: $42.12 per share
• Price / Book: 0.46

Miscellaneous

• Outstanding Shares: 2,836,000
• Free Float: 1,378,000
• Market Cap: $55.35 million
• Optionable: Not Optionable
• Beta: 0.78