Eurodry Weighted Average Shares Trend from 2010 to 2022

EDRY
 Stock
  

USD 17.97  0.93  4.92%   

Eurodry Weighted Average Shares yearly trend continues to be fairly stable with very little volatility. Weighted Average Shares is likely to outpace its year average in 2022. During the period from 2010 to 2022, Eurodry Weighted Average Shares regression line of anual values had slope of 90,490 and arithmetic mean of  1,963,960. Eurodry Revenues is fairly stable at the moment as compared to the past year. Eurodry reported Revenues of 64.44 Million in 2021. Weighted Average Shares is likely to rise to about 2.6 M in 2022, whereas Selling General and Administrative Expense is likely to drop slightly above 2.5 M in 2022.
  
Refresh
Check Eurodry financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eurodry main balance sheet or income statement drivers, such as Consolidated Income of 33.6 M, Cost of Revenue of 13.1 M or Earning Before Interest and Taxes EBIT of 36.1 M, as well as many exotic indicators such as Asset Turnover of 0.4, Book Value per Share of 27.85 or Current Ratio of 1.37. Eurodry financial statements analysis is a perfect complement when working with Eurodry Valuation or Volatility modules. It can also supplement various Eurodry Technical models. Continue to the analysis of Eurodry Correlation against competitors.

Eurodry Quarterly Weighted Average Shares

2.85 Million

Share

Eurodry Weighted Average Shares Breakdown

Showing smoothed Weighted Average Shares of Eurodry with missing and latest data points interpolated. The weighted average number of shares or units issued and outstanding that are used by the company to calculate [EPS]; determined based on the timing of issuance of shares or units in the period.Eurodry's Weighted Average Shares historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Eurodry's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 2.84 M10 Years Trend
Increasing
Slightly volatile
 Weighted Average Shares 
Share
      Timeline 

Eurodry Weighted Average Shares Regression Statistics

Arithmetic Mean 1,963,960
Geometric Mean 1,929,945
Coefficient Of Variation 19.73
Mean Deviation 356,266
Median 1,633,141
Standard Deviation 387,405
Range 965,014
R-Value 0.91
R-Squared 0.83
Significance 0.00001615
Slope 90,490

Eurodry Weighted Average Shares History

20172.2 M
20182.2 M
20192.3 M
20202.3 M
20212.5 M
20222.6 M

Other Fundumenentals of Eurodry

Eurodry Weighted Average Shares component correlations

About Eurodry Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Eurodry income statement, its balance sheet, and the statement of cash flows. Eurodry investors use historical funamental indicators, such as Eurodry's Weighted Average Shares, to determine how well the company is positioned to perform in the future. Although Eurodry investors may use each financial statement separately, they are all related. The changes in Eurodry's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Eurodry's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Eurodry Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Eurodry. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Weighted Average Shares2.5 M2.6 M
Weighted Average Shares Diluted2.5 M2.6 M
Average Assets138.5 M139.4 M
Average Equity55.5 M52.8 M
Invested Capital Average167.9 M173.6 M
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. Eurodry operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eurodry without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Options Analysis Now

   

Options Analysis

Analyze and evaluate options and option chains as a potential hedge for your portfolios
All  Next Launch Module

Pair Trading with Eurodry

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eurodry position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eurodry will appreciate offsetting losses from the drop in the long position's value.

Eurodry Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Eurodry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eurodry when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eurodry - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eurodry to buy it.
The correlation of Eurodry is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eurodry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eurodry moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eurodry can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to the analysis of Eurodry Correlation against competitors. Note that the Eurodry information on this page should be used as a complementary analysis to other Eurodry's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for Eurodry Stock analysis

When running Eurodry price analysis, check to measure Eurodry's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eurodry is operating at the current time. Most of Eurodry's value examination focuses on studying past and present price action to predict the probability of Eurodry's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Eurodry's price. Additionally, you may evaluate how the addition of Eurodry to your portfolios can decrease your overall portfolio volatility.
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Is Eurodry's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eurodry. If investors know Eurodry will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eurodry listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
18.16
Market Capitalization
55.2 M
Quarterly Revenue Growth YOY
1.13
Return On Assets
0.21
Return On Equity
0.59
The market value of Eurodry is measured differently than its book value, which is the value of Eurodry that is recorded on the company's balance sheet. Investors also form their own opinion of Eurodry's value that differs from its market value or its book value, called intrinsic value, which is Eurodry's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eurodry's market value can be influenced by many factors that don't directly affect Eurodry's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eurodry's value and its price as these two are different measures arrived at by different means. Investors typically determine Eurodry value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eurodry's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.