Heidmar Maritime (NASDAQ:HMR) Stock Price Up 8% – Still a Buy?

Heidmar Maritime Holdings Corp. (NASDAQ:HMR)’s stock price rose 8% on Thursday . The stock traded as high as $1.39 and last traded at $1.35. Approximately 207,175 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 135,549 shares. The stock had previously closed at $1.25.

Wall Street Analysts Forecast Growth

HMR has been the topic of several analyst reports. B. Riley initiated coverage on shares of Heidmar Maritime in a report on Tuesday, July 15th. They issued a “buy” rating and a $5.00 target price on the stock. Wall Street Zen raised shares of Heidmar Maritime to a “hold” rating in a report on Sunday, June 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $5.00.

Heidmar Maritime Price Performance

The firm’s fifty day moving average is $1.44.

Heidmar Maritime (NASDAQ:HMR) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $9.58 million during the quarter, compared to analysts’ expectations of $5.19 million.

Heidmar Maritime Company Profile

Heidmar Maritime Holdings Corp. provides commercial and pool management services to the dry bulk, crude oil, and refined petroleum product tanker markets worldwide. It offers tanker pool and commercial management, dry bulk pool and commercial management, and fuel services. The company also operates a platform to invest in tanker or drybulk vessels offering a range of customized services for the investor, as well as engages in the sale and purchase of second-hand vessels and newbuilds in the tanker and drybulk sectors.