United Maritime (USEA) Stock Price, News & Analysis

Company Overview

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.

Key Stats

• Today's Range: $1.80 to $1.83
• 50-Day Range: $1.81 to $2.48
• 52-Week Range: $1.72 to $3.00
• Volume: 21,762 shs
• Average Volume: 46,749 shs
• Market Capitalization: $16.20 million
• P/E Ratio: N/A
• Dividend Yield: 16.39%
• Price Target: $6.00
• Consensus Rating: Strong Buy

United Maritime Stock Analysis - MarketRank™

United Maritime scored higher than 15% of companies evaluated by MarketBeat, and ranked 123rd out of 130 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: 2.0 / 5
• Analyst Rating: Strong Buy

Amount of Analyst Coverage

United Maritime has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of United Maritime is -7.04, 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 United Maritime is -7.04, 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

United Maritime has a P/B Ratio of 0.24. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.70% of the float of United Maritime has been sold short.

Short Interest Ratio / Days to Cover

United Maritime has a short interest ratio ("days to cover") of 11.8, which indicates bearish sentiment.

Change versus previous month

Short interest in United Maritime has recently increased by 2.13%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

United Maritime is a leading dividend payer. It pays a dividend yield of 15.96%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

United Maritime does not have a long track record of dividend growth.

Sustainability and ESG

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

Percentage of Shares Shorted

8.70% of the float of United Maritime has been sold short.

Short Interest Ratio / Days to Cover

United Maritime has a short interest ratio ("days to cover") of 11.8, which indicates bearish sentiment.

Change versus previous month

Short interest in United Maritime has recently increased by 2.13%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

United Maritime has a news sentiment score of 0.91. 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 0.67 average news sentiment score of Transportation companies.

Search Interest

Only 3 people have searched for USEA on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

1 people have added United Maritime to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

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

Percentage Held by Institutions

Only 1.63% of the stock of United Maritime is held by institutions.

USEA Stock Analysis - Frequently Asked Questions

How have USEA shares performed this year?

United Maritime's stock was trading at $2.47 at the beginning of the year. Since then, USEA stock has decreased by 25.9% and is now trading at $1.83.
View the best growth stocks for 2024 here.

How were United Maritime's earnings last quarter?

United Maritime Co. (NASDAQ:USEA) announced its quarterly earnings results on Tuesday, August, 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.10. The business earned $12.44 million during the quarter. United Maritime had a negative net margin of 4.96% and a negative trailing twelve-month return on equity of 2.76%.

How do I buy shares of United Maritime?

Shares of USEA 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 United Maritime own?

Based on aggregate information from My MarketBeat watchlists, some other companies that United Maritime investors own include Arbor Realty Trust (ABR), Oxford Lane Capital (OXLC), XAI Octagon Floating Rate & Alternative Income Trust (XFLT), Meta Platforms (META), Moderna (MRNA), Petróleo Brasileiro S.A. - Petrobras (PBR) and Invesco Senior Income Trust (VVR).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 10/10 Dividend: 9/27/2024
• Dividend Payable: 10/10/2024
• Today: 12/21/2024
• Ex-Dividend for 1/10 Dividend: 12/27/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/10/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Water transportation
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:USEA
• Previous Symbol: NASDAQ:USEA
• CUSIP: N/A
• CIK: 1912847
• Web: www.unitedmaritime.gr
• Phone: 302130181507
• Fax: 302109638404
• Employees: 5
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.00
• High Stock Price Target: $6.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +227.9%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 4.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.26)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $220,000.00
• Net Margins: -4.96%
• Pretax Margin: -4.96%
• Return on Equity: -2.76%
• Return on Assets: -1.01%

Debt

• Debt-to-Equity Ratio: 1.62
• Current Ratio: 0.47
• Quick Ratio: 0.46

Sales & Book Value

• Annual Sales: $46.16 million
• Price / Sales: 0.35
• Cash Flow: $1.44 per share
• Price / Cash Flow: 1.27
• Book Value: $7.58 per share
• Price / Book: 0.24

Miscellaneous

• Outstanding Shares: 8,850,000
• Free Float: N/A
• Market Cap: $16.20 million
• Optionable: Not Optionable
• Beta: 0.44