Should I buy or sell EuroDry stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EuroDry in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EDRY shares. View EDRY analyst ratings or view top-rated stocks .

What is EuroDry's stock price target for 2024?

1 brokerages have issued twelve-month price objectives for EuroDry's shares. Their EDRY share price targets range from $30.00 to $30.00. On average, they predict the company's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 48.3% from the stock's current price. View analysts price targets for EDRY or view top-rated stocks among Wall Street analysts .

How have EDRY shares performed in 2024?

EuroDry's stock was trading at $19.05 at the start of the year. Since then, EDRY stock has increased by 6.2% and is now trading at $20.23. View the best growth stocks for 2024 here .

Are investors shorting EuroDry?

EuroDry saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 200 shares, a decline of 60.0% from the March 15th total of 500 shares. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. View EuroDry's Short Interest .

When is EuroDry's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024. View our EDRY earnings forecast .

How were EuroDry's earnings last quarter?

EuroDry Ltd. (NASDAQ:EDRY) announced its earnings results on Thursday, February, 15th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.45. The company earned $15.90 million during the quarter, compared to analysts' expectations of $11.70 million. EuroDry had a positive trailing twelve-month return on equity of 0.30% and a negative net margin of 6.11%.

What other stocks do shareholders of EuroDry own?

Based on aggregate information from My MarketBeat watchlists, some companies that other EuroDry investors own include Akero Therapeutics (AKRO) , Alpine Immune Sciences (ALPN) , Advanced Micro Devices (AMD) , Applied DNA Sciences (APDN) , Brainstorm Cell Therapeutics (BCLI) , Biocept (BIOC) , Bionano Genomics (BNGO) and Boxlight (BOXL) .

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 .

NASDAQ:EDRY

EuroDry (EDRY) Stock Price, News & Analysis

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Free EDRY Stock Alerts

$20.23

-0.01 (-0.05%)

(As of 04/18/2024 ET)

Compare

Today's Range: $20.01
▼
$20.62
50-Day Range: $19.90
▼
$23.89
52-Week Range: $13.42
▼
$23.98

Volume: 5,427 shs
Average Volume: 9,122 shs
Market Capitalization: $57.45 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $30.00

Get EuroDry alerts:

EuroDry MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 48.3% Upside
$30.00 Price Target
Short Interest: Healthy
0.01% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.91 out of 5 stars

Transportation Sector

67th out of 106 stocks

Water Transportation Industry

9th out of 16 stocks

3.5

Analyst's Opinion

Consensus Rating
EuroDry has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
EuroDry has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.01% 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, 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 60.00%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
EuroDry does not currently pay a dividend.
Dividend Growth
EuroDry does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EDRY.

2.5

News and Social Media Coverage

News Sentiment
EuroDry has a news sentiment score of 1.44. 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 0.50 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.

1.7

Company Ownership

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.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of EuroDry is -19.45, 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 -19.45, 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 0.48. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About EuroDry Stock (NASDAQ:EDRY)

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company 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. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.

EDRY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EDRY Stock News Headlines

March 3, 2024 | finance.yahoo.com

The Returns On Capital At EuroDry (NASDAQ:EDRY) Don't Inspire Confidence

March 1, 2024 | finance.yahoo.com

Are Transportation Stocks Lagging EuroDry (EDRY) This Year?

April 18, 2024 | Paradigm Press (Ad)

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February 22, 2024 | markets.businessinsider.com

EuroDry Ltd. Maintains Buy Rating Amid Positive Market Outlook and Strategic Positioning

February 17, 2024 | finance.yahoo.com

INSW Mar 2024 55.000 put

February 17, 2024 | finance.yahoo.com

INSW Sep 2024 40.000 put

February 15, 2024 | benzinga.com

EuroDry: Q4 Earnings Insights

February 15, 2024 | finance.yahoo.com

EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2023

April 18, 2024 | Darwin (Ad)

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February 15, 2024 | finance.yahoo.com

EuroDry (EDRY) Q4 Earnings and Revenues Beat Estimates

February 15, 2024 | globenewswire.com

EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2023

February 14, 2024 | msn.com

EuroDry (EDRY) Is a Great Choice for 'Trend' Investors, Here's Why

February 13, 2024 | finance.yahoo.com

EuroDry Ltd. Sets Date for the Release of Fourth Quarter 2023 Results, Conference Call and Webcast

February 3, 2024 | morningstar.com

EuroDry Ltd Ordinary Shares

January 28, 2024 | seekingalpha.com

Red Sea Detours Are Pushing Up Container Rates And Shipping Stocks

January 26, 2024 | markets.businessinsider.com

Buy Rating on EuroDry Supported by Long-Term Growth and Favorable Valuation Despite Short-Term Challenges

January 26, 2024 | finance.yahoo.com

Here's Why Momentum in EuroDry (EDRY) Should Keep going

January 26, 2024 | finance.yahoo.com

Should Value Investors Buy EuroDry (EDRY) Stock?

January 10, 2024 | seekingalpha.com

Seanergy: When Liquidity Is The Missing Piece Of The Puzzle

January 4, 2024 | benzinga.com

EuroDry Stock (NASDAQ:EDRY) Dividends: History, Yield and Dates

January 2, 2024 | seekingalpha.com

EuroDry: Buy On Promising 2024 Dry Bulk Setup And Discounted Valuation

December 30, 2023 | morningstar.com

EuroDry Ltd Ordinary Shares EDRY

December 16, 2023 | msn.com

EuroDry (EDRY) Price Target Increased by 9.22% to 26.18

December 6, 2023 | finance.yahoo.com

Are Investors Undervaluing EuroDry (EDRY) Right Now?

December 1, 2023 | finance.yahoo.com

What Makes EuroDry (EDRY) a Good Fit for 'Trend Investing'

November 29, 2023 | msn.com

Alliance Global Partners Initiates Coverage of EuroDry (EDRY) with Buy Recommendation

November 29, 2023 | finance.yahoo.com

EuroDry (NASDAQ:EDRY) rallies 12% this week, taking three-year gains to 254%

See More Headlines

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Company Calendar

Last Earnings: 2/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Transportation
Industry: Water transportation
Sub-Industry: N/A
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: +48.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.04)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 9.41
P/E Growth: N/A
Net Income: $-2,910,000.00
Net Margins: -6.11%
Pretax Margin: -6.90%
Return on Equity: 0.30%
Return on Assets: 0.17%

Debt

Debt-to-Equity Ratio: 0.72
Current Ratio: 0.95
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $47.59 million
Price / Sales: 1.21
Cash Flow: $4.14 per share
Price / Cash Flow: 4.89
Book Value: $42.12 per share
Price / Book: 0.48

Miscellaneous

Outstanding Shares: 2,840,000
Free Float: 1,378,000
Market Cap: $57.48 million
Optionable: Not Optionable
Beta: 0.71

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Key Executives

Mr. Aristides J. Pittas (Age 64)
Chairman, President & CEO
Dr. Anastasios Aslidis (Age 64)
CFO, Treasurer & Director
Mr. Symeon Pariaros
Chief Administrative Officer
Ms. Stephania Karmiri (Age 56)
Secretary

Key Competitors

View All Competitors

Institutional Ownership

Linden Thomas Advisory Services LLC
Bought 3,362 shares on 2/1/2024
Ownership: 0.560%

View All Institutional Transactions

EDRY Stock Analysis - Frequently Asked Questions

Should I buy or sell EuroDry stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EuroDry in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EDRY shares.
View EDRY analyst ratings or view top-rated stocks.
What is EuroDry's stock price target for 2024?: 1 brokerages have issued twelve-month price objectives for EuroDry's shares. Their EDRY share price targets range from $30.00 to $30.00. On average, they predict the company's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 48.3% from the stock's current price.
View analysts price targets for EDRY or view top-rated stocks among Wall Street analysts.
How have EDRY shares performed in 2024?: EuroDry's stock was trading at $19.05 at the start of the year. Since then, EDRY stock has increased by 6.2% and is now trading at $20.23.
View the best growth stocks for 2024 here.
Are investors shorting EuroDry?: EuroDry saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 200 shares, a decline of 60.0% from the March 15th total of 500 shares. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
View EuroDry's Short Interest.

When is EuroDry's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our EDRY earnings forecast.
How were EuroDry's earnings last quarter?: EuroDry Ltd. (NASDAQ:EDRY) announced its earnings results on Thursday, February, 15th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.45. The company earned $15.90 million during the quarter, compared to analysts' expectations of $11.70 million. EuroDry had a positive trailing twelve-month return on equity of 0.30% and a negative net margin of 6.11%.
What other stocks do shareholders of EuroDry own?: Based on aggregate information from My MarketBeat watchlists, some companies that other EuroDry investors own include Akero Therapeutics (AKRO), Alpine Immune Sciences (ALPN), Advanced Micro Devices (AMD), Applied DNA Sciences (APDN), Brainstorm Cell Therapeutics (BCLI), Biocept (BIOC), Bionano Genomics (BNGO) and Boxlight (BOXL).
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.

This page (NASDAQ:EDRY) was last updated on 4/18/2024 by MarketBeat.com Staff

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